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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 Oct 18, 2024 5:39pm
157 Views
Post# 36272514

Powering Ahead

Powering AheadGold is on a tear, and EDV is catching a nice bid.   I am looking forward to the 3rd Qtr results with great anticipation.  A big question for me is how much of the debt they paid off which will give a good indication of how long before it is at zero again, and when a larger dividend can be expected.  With production around 300,000 oz in the qtr, a margin over cash costs of almost $2,000, and all the big expenses ( mine building, solar plants, other mine unpgrades) behind, a big chunk of debt could be gone.  And then sometime in Qtr 4 a PFS for Tanda-Iguela , and an idea how big it will be.  The satellite deposits won't be in the PFS but maybe an idea how much they will add. If it is as big as it might be, it would move EDV into a new category.   
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