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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 Jan 11, 2024 9:23am
123 Views
Post# 35821089

RE:RE:RE:RE:More De Montessus info (and rebuttal)...

RE:RE:RE:RE:More De Montessus info (and rebuttal)...

Dropping a CEO for whatever reason is never good 

That has compounded the ST pressure on the SP on top of the general malaise that currently is bedeviling all gold equities ( despite gold flirting with all time highs in nominal $) 

I only hold gold equities for future cash flow growth potential ( including dividends)

Cash flow comes from PoG - AISC hopefully in relatively safe jurisdictions with long-lived mines and lots of greenfield growth potential. 

Endeavour still fills the bill for me in that regard...( amounst others like AEM, FNV and NEM) as I wait for the general investing public to finally rediscover this most "out of favour" sector. 


Endeavour has not made a lot of missteps in the past 10 years. In fact just the opposite.  Clearly 2023 and 2024 are rebuilding years in terms of ounces produced ... but they have derisked the company in the process,  and they are well positioned for resumed growth in 2025 and beyond. 


MM 

 

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