reports
Endeavour Mining: 1 director
A director at Endeavour Mining bought 47,820 shares at 28.386CAD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
- Alison Turner
Endeavour Mining - The second five-year plan
Endeavour will announce its Q321 results on the morning of 11 November and, post quarter end, we are largely reiterating our forecasts for Q321, with the exception of a minute adjustment to the gold price (from US$1,792/oz to US$1,790/oz – see Exhibit 5). In the meantime, Endeavour has announced an ambitious five-year exploration programme to discover 15.0–20.0Moz in the indicated category of resources, while also refinancing its credit lines.
- Alison Turner
Endeavour Mining - The second five-year plan
Endeavour will announce its Q321 results on the morning of 11 November and, post quarter end, we are largely reiterating our forecasts for Q321, with the exception of a minute adjustment to the gold price (from US$1,792/oz to US$1,790/oz – see Exhibit 5). In the meantime, Endeavour has announced an ambitious five-year exploration programme to discover 15.0–20.0Moz in the indicated category of resources, while also refinancing its credit lines.
- Alison Turner
Endeavour Mining - Q2 outperforms ahead of likely Q3 index inclusion
At US$0.727/share, Endeavour’s net adjusted EPS, released on 4 August, was unequivocally above both Edison’s and the top end of the range of analysts’ forecasts (of US$0.43–0.65/share) for Q221 (source: Refinitiv, 3 August 2021). Teranga’s assets were reported to have integrated well into the group structure and all seven of its operating mines hit their stride together, as a result of which the company is on target to achieve the top end of its production guidance range of 1,350–1,475koz for th...
- Alison Turner
Endeavour Mining - Q2 outperforms ahead of likely Q3 index inclusion
At US$0.727/share, Endeavour’s net adjusted EPS, released on 4 August, was unequivocally above both Edison’s and the top end of the range of analysts’ forecasts (of US$0.43–0.65/share) for Q221 (source: Refinitiv, 3 August 2021). Teranga’s assets were reported to have integrated well into the group structure and all seven of its operating mines hit their stride together, as a result of which the company is on target to achieve the top end of its production guidance range of 1,350–1,475koz for th...
Endeavour Announces Continuation of Share Repurchase Programme Under N...
Endeavour Announces Continuation of Share Repurchase Programme Under New Parent Company ENDEAVOUR ANNOUNCES CONTINUATION OF SHARE REPURCHASE PROGRAMME UNDER NEW PARENT COMPANY London, 15 June 2021 – Endeavour Mining plc (TSX: EDV, LSE: EDV, OTCQX: EDVMF) (“Endeavour”) announces that it will continue the share repurchase programme announced by Endeavour Mining Corporation (“EMC”) on 18 March 2021 for up to 5% of its total issued and outstanding shares (the "Programme"). The Programme is a continuation of the Normal Course Issuer Bid (“NCIB”) programme of EMC, pursuant to which 2,246,50...
Endeavour Announces Admission to Trading on the London Stock Exchange
Endeavour Announces Admission to Trading on the London Stock Exchange ENDEAVOUR ANNOUNCES ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE London, June 14, 2021 – Endeavour Mining plc (TSX: EDV, LSE: EDV, OTCQX: EDVMF) (“Endeavour”) announces that its entire issued ordinary share capital consisting of 250,491,755 shares, has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s (“LSE”) main market. Shares will trade on both the LSE and the Toronto Stock Exchange (“TSX”) under the ticker ...
- Alison Turner
Endeavour Mining - Picking up the crown
Endeavour’s premium listing on the LSE brings the largest producer of gold in the second largest gold producing region to London to pick up the mantle vacated by Randgold when it departed these shores in 2018. Like Randgold, Endeavour has set a 20% post-tax IRR hurdle rate from its investments (at a gold price of US$1,300/oz), is targeting a 20% return on capital employed, an AISC of US$900/oz and has recently announced a progressive dividend policy and share buyback programme.
Endeavour Announces Scheme of Arrangement Becomes Effective
Endeavour Announces Scheme of Arrangement Becomes Effective ENDEAVOUR ANNOUNCES SCHEME OF ARRANGEMENT BECOMES EFFECTIVE London, June 11, 2021 – Endeavour Mining (TSX: EDV, LSE: EDV, OTCQX: EDVMF) announces that the scheme of arrangement to establish Endeavour Mining plc as the parent company of the Endeavour Mining group (the “Scheme”) has now become effective. Each shareholder in Endeavour Mining Corporation at the effective time of the Scheme has received one share in Endeavour Mining plc for each share held in Endeavour Mining Corporation at such time. The entire issued share ...
Endeavour Appoints Corporate Brokers Ahead of Its London Stock Exchang...
Endeavour Appoints Corporate Brokers Ahead of Its London Stock Exchange Listing on June 14 ENDEAVOUR APPOINTS CORPORATE BROKERS AHEAD OF ITS LONDON STOCK EXCHANGE LISTING ON JUNE 14 London, June 9, 2021 – Endeavour Mining (TSX: EDV) (OTCQX: EDVMF), which expects to become the largest pure gold producer listed on the Premium Segment of the London Stock Exchange (“LSE”), is pleased to announce the appointment of its sponsor and joint corporate brokers ahead of admission of its ordinary shares to the premium listing segment of the Official List, and to trading on the main market of the LSE (“...
Endeavour Hosts Capital Markets Event Today
Endeavour Hosts Capital Markets Event Today ENDEAVOUR HOSTS CAPITAL MARKETS EVENT TODAY HIGHLIGHTS: Strong commitment to shareholder returns Implementation a minimum progressive dividend policy targeting to distribute +$500 million through toFY-2023, which is expected to be supplemented if the gold price remains above $1,500/oz Share buyback program well underway with $49 million of shares already repurchased in April and May Launch of an augmented ESG strategy to reflect Company’s increased scale following recent acquisitions Strong focus on investing in host countries with the est...
- Alison Turner
Endeavour Mining - Showing its mettle as well as its metal
Endeavour’s Q121 financial results exceeded our expectations and were towards the top end of the range of analysts’ forecasts. In summary, Endeavour produced c 20% more gold than we expected during the quarter and sold c 30% more. This (positive) variance was then partially offset by a fractionally higher (negative) variance in operating expenses (albeit these were artificially inflated by US$22.6m of non-cash operating expenses) to give rise to a positive variance in adjusted net earnings attri...
Endeavour to Host a Virtual Capital Markets Event on June 7, Ahead of ...
Endeavour to Host a Virtual Capital Markets Event on June 7, Ahead of Its LSE Listing ENDEAVOUR TO HOST A VIRTUAL CAPITAL MARKETS EVENT ON JUNE 7, AHEAD OF ITS LSE LISTING London, May 26, 2021 – Endeavour Mining (TSX: EDV) (OTCQX: EDVMF), which will become the largest pure gold producer listed on Premium Segment of the London Stock Exchange (“LSE”), announces that it will be hosting a virtual capital markets event on June 7, 2021, ahead of its LSE listing scheduled on or about June 14, 2021. This virtual event will feature presentations from senior management outlining the company’s jo...
Endeavour Announces Results of Shareholder Meetings and Board Appointm...
Endeavour Announces Results of Shareholder Meetings and Board Appointment ENDEAVOUR ANNOUNCES RESULTS OF SHAREHOLDER MEETINGS AND BOARD APPOINTMENT George Town, 25 May 2021 – Endeavour Mining Corporation (TSX: EDV) (OTCQX: EDVMF) is pleased to announce that all resolutions at today’s Annual General Meeting and Court and Extraordinary General Meetings, with regards to the proposed listing on the premium segment of the Official List of the FCA and admission to trading on the London Stock Exchange (“Admission”), were duly passed. As such, Endeavour remains on track to list on the London...
Endeavour Reports Strong Q1-2021 Results
Endeavour Reports Strong Q1-2021 Results ENDEAVOUR REPORTS STRONG Q1-2021 RESULTSProduction up 102% l AISC down 3% l CFPS pre-WC up 48% l Adjusted EPS up 111% Q1-2021 HIGHLIGHTS Strong Q1-2021 performance with production up +102% over Q1-2020 to 347koz, while AISC decreased by 3% to $868/oz Well positioned to meet FY-2021 guidance of 1,365-1,495koz at AISC of $850-900/oz following successful integration of Teranga assetsAdjusted Net Earnings up $78m over Q1-2020 to $105m; up 111% on a per share basis to $0.50/sh Operating Cash Flow before working capital up $170m over Q1-2020 ...
ENDEAVOUR MINING sees a downgrade to Neutral on account of less fundam...
The independent financial analyst theScreener just lowered the general evaluation of ENDEAVOUR MINING (CA), active in the Gold Mining industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date April 30, 2021, the closing price was CAD 25.59 and its targ...
Endeavour Provides Notice of Shareholder Meetings
Endeavour Provides Notice of Shareholder Meetings ENDEAVOUR PROVIDES NOTICE OF SHAREHOLDER MEETINGS George Town, April 26, 2021 – Endeavour Mining Corporation (the “Company”) (TSX: EDV) (OTCQX: EDVMF) provides notice that its 2021 Annual General Meeting (the “AGM”) will be held on May 25, 2021. The Company will also hold a Court Meeting and an Extraordinary General Meeting alongside its Annual General Meeting on May 25, 2021 with regards to the proposed listing on the London Stock Exchange. The Management Information Circular, which contains notice of the 2021 AGM, and the Scheme Circula...
Endeavour to Announce Its Q1 Results and Host Webcast on May 13, 2021
Endeavour to Announce Its Q1 Results and Host Webcast on May 13, 2021 ENDEAVOUR TO ANNOUNCE ITS Q1 RESULTS AND HOST WEBCAST ON MAY 13, 2021 George Town, April 22, 2021 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) provides notice that it will release its financial results for the first quarter of 2021 on Thursday, May 13, before TSX market open. Management will host a conference call and webcast on the same day, Thursday May 13, at 8:30am Toronto time (ET) to discuss the Company's financial results. The conference call and webcast are scheduled at: 5:30am in Vancouver 8:30am in Toronto and...
Endeavour Completes US$200 Million Investment by La Mancha at C$29.36 ...
Endeavour Completes US$200 Million Investment by La Mancha at C$29.36 per Share ENDEAVOUR COMPLETES US$200 MILLION INVESTMENT BY LA MANCHA AT C$29.36 PER SHARE George Town, March 30, 2021 – Endeavour Mining Corporation ("Endeavour") (TSX: EDV) (OTCQX: EDVMF) is pleased to announce the successful completion of the previously announced La Mancha Holding S.à.r.l. (“La Mancha”) investment. Endeavour issued a total of 8,910,592 ordinary shares (“Shares”) to La Mancha for aggregate net proceeds of US$200 million at a price of approximately US$22.45 (C$29.361) per Share (the “Investment”). The i...
- Alison Turner
Endeavour Mining - Entering a new phase
Since our last note, Endeavour has achieved six major milestones, including the sale of its interest in Agbaou, the completion of its acquisition of Teranga, Q4/FY20 results, positive pre-feasibility study results for both Fetekro and Kalana, updated cost and production guidance for the group for FY21 (including the mines acquired with Teranga) and a share buyback programme. By its own admission, it has also entered a new phase in which it will be self-funding and corporate activity will be ‘off...
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