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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 Dale327845on Oct 06, 2022 11:12am
217 Views
Post# 35009429

RE:RE:RE:RE:RE:Gold...

RE:RE:RE:RE:RE:Gold...Nobody denies that there is somewhat of a risk premium in West Africa.  Is it fair, or accurate?  Hmmm , Kinross, and others figured Russia was a pretty good bet, and it was for years and years.  And I read more and more about possible civil war, a coup basically, in America, supposedly the safest place of all.  My point is that all miners face all kinds of risk premiums of all sorts, everywhere.  But , yes the perception of many is that W Africa is riskier. But does that matter to EDV?  EDV is almost entirely owned by insiders and funds.  The funds are not W Africa specific.  And the funds would look at the situation in W Africa and conclude that yes some countries are a little shaky , government wise, but they have been forever, and it has never affected the mining operations, and there is no reason to believe anything happening now would. And yes there is a terrorist problem, mostly because of French actions, or inaction, but it is mostly under control.  AS far as the latest coup in BF, looks to me that the new guy is better than the old guy. And the probabilty is high things will go 'normal' soon.  And yes anything can happen, and maybe some retail investors would worry about that, but for sure the insiders and funds go with what is most probable.  
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