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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 Jul 16, 2024 9:34am
77 Views
Post# 36134395

RE:Comparison

RE:Comparison

You missed one. 


6 months
GDX +33.67%
EDV +27.02 %
 

Why 6 months? Since that's the  period following the temporary " bad news pile on" of CEO firing, bogus lawsuits and temporary pull back in production associated with sale of mines in riskier jurisdictions ( while awaiting the startup of new mines)   These events impacted the 1 year results severely 

Savvy investors bought shares in the low twenties in Feb 2024 (about 5 months ago) and are now up almost 50% . ( also proving random stats are worthless in proving a point) 

The issues appear to be mostly resolved now -so watch it pull away from GDX from here. 

Thanks for pointing out that it is currently undervalued relative to GDX and gold, and there needs to be a further catch up trade which will reward new investors  from here  

MM 
 

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