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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

Comment by mercedesmanon Sep 14, 2021 4:44pm
209 Views
Post# 33856566

RE:RE:RE:Endeavour trucks attacked: 6 killed

RE:RE:RE:Endeavour trucks attacked: 6 killed
marben100 wrote: Yup. Fortunately Boungou represented < 10% of Q2 production. Any former Semafo shareholders should be rather pleased that they're benefitting from a much more diverse mine portfolio now - their stock would have been hammered by this news, far more than EDV's has been.


You just never know with country risk and diversification.

Secretly I was bummed that the proposed Centamin takeover (with a prolific mine in Egypt) by EDV fell through a while ago...thinking more country diversification would be a good thing for EDV.

But then Centamin had operational issues with their mine. Their stock had a high of $ 3.66 In August 2020, and now trades at $ 1.67.   By comparison EDV's stock was $ 36 in August 2020 and is now $ 30 ish.  Both were hit by the PoG retreat, but with the benefit of hindsight, one much more so than the other.

Proving that country risk is but one variable to consider in take-overs and in deciding which gold miner to own.

MM
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