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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 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... see more

TSX:EDV - Post Discussion

Endeavour Mining plc > Any idea?
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Post by galnakon on Apr 03, 2024 2:27am

Any idea?

Any idea why Edv.to crashed 6% from top to bottom yesterday while gold was skyrocketing to new highs? Or is it just the classic underperforming one step up, two steps down?

(27 was the price we had 2017 when gold was at 1235...)


Comment by Nickphil on Apr 03, 2024 3:42am
I just found a related article from "Reseau International". The folowing is a paragraph translated from DeepL: "Geoeconomics is the key to these changes. As Senegal becomes a major oil and gas producer, Faye will seek to renegotiate mining and energy contracts, including the largest with British Petroleum (BP) and British gold miner Endeavor Mining ." I am not sure if this ...more  
Comment by Nickphil on Apr 03, 2024 5:33am
Just a rimider: Already, YoY tax increase are more that 100% in 2023.  In 2023, Endeavor Mining paid $340.9 million in taxes to Burkina Faso, Ivory Coast and Senegal. This is more than double the amount paid in 2022 in these same countries, says a company report published on March 27.
Comment by Dale327845 on Apr 03, 2024 2:43pm
Very interesting article in the "Reseau International".  Some good points about how all the present 'terrorist' problems were caused by mostly France who urged America to bomb Libya (France didn't have the wherewithal to do it themselves). France has been a huge taker in Africa for a very long time.  Niger was smart to kick them out.  The coup booted the ...more  
Comment by mercedesman on Apr 03, 2024 10:25pm
With the PoG breaking out to new ATHs, gone are the days of satisfying certain countries with the promise of jobs and community shelter. The elites that run(?) their respective countries will require a more preferred status and perhaps a personal piece of the pie .  But in the end, I'd rather they be fellow shareholders than tax robbers.  it'll be a fact of life everywhere in ...more