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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 mercedesmanon May 12, 2024 11:06pm
277 Views
Post# 36036214

I have no issue …

I have no issue …

... making this one of my core holdings ( although I own many gold royalties, AEM, NEM, many more junior producers, etc) 

EDV has 3 issues at the moment:

- rebuilding their gold oz production back up after divesting some mines in a less favourable country (BF) in favour of newer bigger mines in more favourable countries ( IC, Senegal)   

- pending CEO appointment ( and swirling rumours on overblown irregularities and ambulance chasers) 

- perception of higher risk - yielding a lower than warranted multiple ( vs peers) 


All of the above will be cured within 6-12 months, along with some additional catalysts:

- repayment of debt

- increasing cash flow redirected to dividends and buybacks 

- rising price of gold ( = exponential margin growth and cash flows ) 

- US retail investors ( finally!) returning to gold equities ( after a 8+  year hiatus) 


Not worried in the least about this one. 


MM 

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