Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

Endeavour Mining plc is a United Kingdom-based multi-asset gold producer focused in West Africa. The Company has five operating assets consisting of the Hounde and Mana mines in Burkina Faso, the Ity and Lafigue mines in Cote d’Ivoire, and the Sabodala-Massawa mine in Senegal, two greenfield development projects (Assafou and Kalana) in Cote d’Ivoire and Mali and a portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Cote d’Ivoire, Senegal, and Guinea. The Hounde mine is located in the northern part of the highly prospective Hounde Greenstone Belt, approximately 60 kilometers (km) south of the Mana mine. The Ity mine is located in western Cote d'Ivoire, 480 km west-northwest from Abidjan, in the prefecture of Zouan-Hounien. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal.

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Endeavour Mining plc

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Comment by marben100on Jun 14, 2016 9:37am

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Post# 24963163

RE:RE:RE:RE:RE:Endeavour Mining Announces C$125 Million Financing

I think it would be wise to get that dividend policy in place, before attempting a London listing. Then it can bear a true comparison against Randgold - without the dividend, I suspect the shares would continue to trade at a discount to Randgold's (on an EV/Reserves or EV/cashflow basis).

Management do need to prove that they're generating true shareholder value & not just growth for growth's sake. Gold miners in general have a bad track record for that and need to prove they've learnt the lessons of history.

Cheers,
Mark

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