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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

Post by Dale327845on Dec 11, 2024 10:06am
130 Views
Post# 36356431

Great News

Great NewsThis is the news we, at least I , have been waiting for.  Finally some good news, and hopefully this will propel this stock well into the thirties where it should be.  And the thing about the news is as the announcement said, it is a conservative estimate and from what it looks like with so many targets to be drilled more, the actual production could be much higher .  A sister mine and maybe a sister processing plant seem possible.  
Next year , with few expenses they should be able to clean up the debt, and then finance the mine from cash flow.  If gold goes to $3000+ an increased divi should also be possible .  And then in 2028 sometime, maybe a little sooner,  EDV will move up a few notches in the biggest and best category.  
All those who have stuck with Endeavour will be well rewarded.  And hopefully whoever has been selling into any strength (Blackrock?) are done now.  
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