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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

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.


TSX:EDV - Post by User

Comment by mercedesmanon May 14, 2022 3:40pm
205 Views
Post# 34684182

RE:Just too tempting

RE:Just too tempting

Smart. 


Although I confess I haven't sold my hedge ETFs yet. Unfortunately I think there will be another leg down as the FED unleashes yet more interest rate increases. They have one key mandate ( stable prices) that shows no signs of being under control. 


Gold will be one of the first to break free IMO as the bottom nears. A lot of gold producers are having to start to worry about rising costs/ inflation and rising AISC. While oil prices will impact all of them, I think the west African producers have a bit of an advantage ( labor etc)  EDV seems to be fairing better than some of my other positions in that respect. And of course once the PoG launches ( when QT stops and interest rate increases stop) the margins will explode regardless of higher input costs.

MM  

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