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 > Cash piles

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Comment by marben100on Feb 19, 2021 11:41am

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Post# 32609876

RE:RE:RE:Cash piles

Totally agree tC, but it's the disparity between EDV's valuation and that of other majors that gets me.

Was just looking at the Barrick numbers this morning: looks to be around 4x the scale of EDV (production & reserves - but EDV's AISC is a bit lower), so EDV ought to trade ITRO 0.25 Barrick's market cap... which would be around US$9bn.

I added another tranche to my CFD long position today @ $25.91.

Cheers,
Mark

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