Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. 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. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.

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Endeavour Mining plc

Bullboard Posts

Comment by Tengrion Aug 08, 2016 2:59pm

350 Views

Post# 25120295

RE:Underperforming again at low volume

I assume that latest quarterly loss of (0.18) raised some questions and doubts to investors - including me. After taking a closer look at the earnings report, I immediately sold one third of my position and sent an E-Mail to IR.

Meanwhile my questions have been answered and I feel reassured. Unfortunately I already reinvested my proceeds to Barrick Gold.

But I will stay long my two other thirds of Endavour Mining stock with a slightly reduced price target of CAD 36-40 (42-46) until either POG reaches USD 1,450 or Hound project declares first production.

Bullboard Posts

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