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Bullboard - Stock Discussion Forum 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... see more

TSX:EDV - Post Discussion

Endeavour Mining plc > Slow and Steady ...
View:
Post by mercedesman on Nov 10, 2022 11:08pm

Slow and Steady ...

...wins the race 

slow - we have all experienced. 

Steady... I'm hard pressed to find a miner than delivers at or exceeding expectations so consistently. Year after year, quarter after quarter. 

Seems to be, today at least temporarily, a feeling that inflation is licked. So inevitably a FED pivot is predicted. Down goes the dollar and up goes everything else including gold. 

while I'm not anywhere near convinced the worst is over on inflation, I do have some hope that the negative correlation between the dollar and gold will be broken soon, if not already. 

In other words, a shift in sentiment towards gold and gold equities seems to have begun even a few days ago. It's starting with short covering in many gold equities including EDV  

So, if you're going to buy a gold miner, you might as well buy one that has (1)  kept costs under control ( relatively low AISC), (2) is generating cash - so much so that they can eliminate the last of their debt, (3) all while bringing on new mines, and (4) executing on buybacks and (5) paying dividends. 

Many hares may pass temporarily, but I'm confident that EDV will win, place or show in the endgame.  It's always about long term cash flow generation and not getting caught needing to raise $ in bad markets or getting over indebted along the way. EDC seems to be doing everything right 


 MM

Comment by theCurse on Nov 11, 2022 12:45am
Their dividends have been great (unfortunately not eligible dividends for Canadians) as well as buy backs.  I begged for dividends for years - no other reason to own a gold miner of size if you really think about it.  You can't just use all the profits to find and dig new holes without giving profits back to shareholders.  so that's been great. And a great history of ...more  
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