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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

Post by templetooth2on Feb 18, 2021 11:22pm
350 Views
Post# 32606617

Cash piles

Cash piles
In a year's time, EDV will have a very strong balance sheet. It raises the question of whether the $200 million equity infusion from the Sawazri (sp?) family is really necessary?

There's a lot of excess cash piling up elsewhere, too. Centerra Gold backed out of the Premier deal just recently. Not because they were short of cash. Was just looking at SSR Mining: they're pretty flush, too, and getting more so by the day. I'm sure there are plenty of other examples.

One of tthese days we're gonna wake up and discover a bidding war has broken out for Skeena (about 5 million ounces) or even Sabina (9.2 million and counting) or 3 or 4 Ozzies you've never heard of. Tietto, anyone?
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