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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

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.


TSX:EDV - Post by User

Bullboard Posts
Comment by marben100on Dec 03, 2019 3:57am
146 Views
Post# 30416082

RE:Hostile $2.52B bid for Centamin

RE:Hostile $2.52B bid for CentaminWell, there's an interesting development. A few aspects of this proposition strike me:
  • Considering that our largest shareholder is Egyptian, I wonder how long he's had an eye on this asset? I guess his influence in that country wouldn't do the combined entity any harm.
  • If this goes through, it immediately brings the London listing I've been prophecying.
  • CEY currently pays a chunky dividend. Can't see the deal going through without a promise that the combined entity will have a progressive dividend policy. As CEY brings US$289m of cash and no debt, that should become possible as the combined entity's net debt will be modest (~$300m - a level I'd be happy to maintain) and it will generate significant positive cashflow
  • CEY's last reported AISC was $1,141/oz for Q3, so there's work to be done to get that down, but anticipates $890-$950/oz for the FY.

Food for thought. Wonder what the market will make of it? CEY up 10% in London.

Cheers,
Mark
Bullboard Posts