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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 ABDPhilon Feb 15, 2024 2:54pm
164 Views
Post# 35882493

RE:Weakness

RE:Weakness
I understand your concerns, enriched by the daily variation of the SP. That said, it's your business, and I respect it.
 
However, my observations present a company which had in 2021 a total of 5 mines in Burkina Faso, where security issues are more important; 1 in Senegal and 1 in Ivory Coast; and around 1400 ounces of gold produced. Now they have 2 mines in Burkina Faso, 1 in Senegal; and soon 2 in Ivory Coast; a production capacity that will grow; in addition to organic growth opportunities. That said, I appreciate this new geographical distribution and this shift in the proportion of ounces of gold produced in these countries.
 
Structural changes started 2 years ago and I hope they will continue. That said, things will get back on track, given time.
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