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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

Post by Dale327845on Mar 07, 2024 9:58am
96 Views
Post# 35920283

Short Covering

Short Covering
Post by mercedesman on Mar 06, 2024 9:12am

Short covering ? Or Gold price up ?

As of Feb 29th reading - short covering on EDV hadn't really started. 

 


I suspect it'll be ramping up once they realize the lawsuits are non-starters 

All time closing highs above $2100 is encouraging - especially for the producers that: pay dividends, are executing on buybacks, are about to ramp up production, and who have their costs under control. ( I dunno like say Endeavour?) 

Nice bump off the bottom. 

A rotation into this long forgotten sector  could be huge.


For 2024 I'm anticipating a mini-run, followed by a recessionary correction on everything, followed by a major new bull market for gold and gold equities once the interest rate easing phase begins. 


glta


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