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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 marben100on Mar 07, 2021 2:15pm
315 Views
Post# 32739268

Shareholder commentary

Shareholder commentarySome commentary contained in annual results from the Blackrock World Mining Trust, which I hold: https://www.investegate.co.uk/blackrock-world-mining-trust-p--brwm-/prn/final-results/20210304200403P0D43/

...For the Company, the most beneficial deal was the announced purchase of Teranga Gold by Endeavour Mining. The Company bought its exposure in Teranga Gold in December 2019 when the business sought finance for the purchase of the Massawa gold project from Barrick Gold. Since then, the shares have risen almost threefold and the ability to retain ongoing exposure to the assets through a holding in Endeavour Mining means additional value can accrue to the Company over time...

Pleased to hear that they're not selling. As at 31st December they held GB£8.9m of TGZ stock.

Cheers,
Mark

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