Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

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.

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Endeavour Mining plc > One step up, two steps down

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Comment by galnakonon Dec 15, 2023 4:54pm

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Post# 35787522

RE:RE:RE:One step up, two steps down

Today Endeavour is down on very high volumes.

When gold is going up 70$ the stock is going up a bit. Then, when it normally retraces 30% of its upswing, Endeavour loses 50% of its gains. As I said, one step up, two steps down. Worthless. We need higher and higher gold prices just to hold the price at the same level.

Gold is up 10% on the year, this stock is barely up 2%. Where is the leverage? Leverage down yes. But never up.

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