Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Apr 11, 2023 9:24am
156 Views
Post# 35388125

RE:My Latest Thinking on EDV

RE:My Latest Thinking on EDVthx Marben for those well thought out comments.

Generally I agree with you regarding a sub-optimal production growth profile looking forward, however the top line is impacted by both production and the PoG.   I see the PoG going much higher in the coming years. Further the newer mines coming on board will be, as you say, at a lower cost.   The price of oil (a major input cost) has allso fallen substantially in the past year.  So the bottom-line could increase even with flat production overall.

So I see it as two pluses (lower cost mines, higher PoG) more than cancelling out one negative (flat production profile with the eventual divestment of BF assets)

If I am right they will be throwing off increasing amounts of cash which can be used to further consolidate near-producing mines in surrounding countries in WA.  In other words I see perhaps more M&A activity versus just growing reserves through exploration.  They have made it to the top ten league of gold producers, and likely want to stay there.  Is there a possibility a big player will take them out?  Absolutely.  Especially if they become more country-diversified (out of BF).

It's fairly apparent that they see risks in continuing to operate the majority of their mines in BF (as the French withdraw and the Russians move in).  Their decision to emphasize Senegal and Cote D'ivoire going forward, is, IMO, a necessary response to unfortunate and changing conditions.

MM
<< Previous
Bullboard Posts
Next >>