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EDR Egdon Resources Plc

4.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Egdon Resources Investors - EDR

Egdon Resources Investors - EDR

Share Name Share Symbol Market Stock Type
Egdon Resources Plc EDR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.40 00:00:00
Open Price Low Price High Price Close Price Previous Close
4.40
more quote information »

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Posted at 24/11/2024 23:36 by stu31
Endeavour Silver Corp. Announces US$73 Million Bought Deal Financing
20/11/2024 11:59am

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets, pursuant to which the Underwriters have agreed to buy on a bought-deal basis 15,825,000 common shares of the Company (the “Common Shares”), at a price of US$4.60 per Common Share for aggregate gross proceeds of approximately US$73 million (the “Offering̶1;). The Company has granted the Underwriters an option, exercisable in whole or in part for a period of 30 days following the closing of the Offering, to purchase up to an additional 10% of the Common Shares offered under the Offering to cover over-allotments, if any.
The principal objectives for use of the net proceeds of the Offering are for general working capital and the advancement of the Pitarrilla Project.

The Offering is expected to close on or about November 27, 2024 and is subject to Endeavour receiving all necessary regulatory approvals and the approval of the Toronto Stock Exchange and the New York Stock Exchange.

The Common Shares will be offered in all provinces of Canada (except Quebec) pursuant to a short form base shelf prospectus (the “Base Shelf Prospectus”) as accompanied by a prospectus supplement (the “Prospectus Supplement”) and will be offered in the United States pursuant to a prospectus supplement to a base shelf prospectus forming part of the Company’s registration statement on Form F-10 (together with any amendments thereto, the “Registration Statement”) registering the Common Shares under the United States Securities Act of 1933, as amended, pursuant to the Multi-Jurisdictional Disclosure System adopted by the United States and Canada. The final prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada, except Quebec, and the United States, within two business days. The Common Shares may also be offered on a private placement basis in certain jurisdictions outside of Canada and the United States pursuant to applicable prospectus exemptions. However, there will not be any sale of Common Shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such province, state or jurisdiction.

A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in all provinces of Canada (except Quebec). Copies of the final base shelf prospectus and any applicable shelf prospectus supplement may be obtained from BMO Capital Markets for which contact details are provided below. This document does not provide full disclosure of all material facts relating to the Common Shares. Investors should read the final base shelf prospectus, the accompanying prospectus supplement and any amendments thereto for disclosure of those facts, especially risk factors relating to the Common Shares, before making an investment decision. Investing in the Common Shares involves risk. See “Risk Factors” in the final base shelf prospectus and in the prospectus supplement. Endeavour has filed the Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the Offering to which this communication relates. Before you invest, you should read the prospectus supplement relating to the Offering, the Registration Statement and other documents Endeavour has filed with the SEC for more complete information about Endeavour and the Offering.

Copies of the applicable offering documents, when available, can be obtained free of charge under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible through SEDAR+. An electronic or paper copy of these documents, when available, may be obtained, without charge, in Canada from BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre c/o The Data Group of Companies, 9195 Torbram Road, Brampton, ON, L6S 6H2, by telephone at 905-791-3151 Ext 4312, or by email at torbramwarehouse@datagroup.ca and in the United States from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by email at bmoprospectus@bmo.com by providing BMO Nesbitt Burns Inc. or BMO Capital Markets Corp. with an email address or mailing address, as applicable. No securities regulatory authority has either approved or disapproved of the contents of this news release.

About Endeavour Silver Corp.
Endeavour is a mid-tier precious metals company committed to sustainable and responsible mining practices. With operations in Mexico and the development of the new cornerstone mine in Jalisco State, the Company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile, and the United States, which has helped it achieve its goal of becoming a premier senior silver producer.
Posted at 31/3/2024 23:07 by stu31
246m shares in issue (2/25). 251.4m FD. Market Cap C$1353m (£796m) at 550c
Van Eck (GDXJ)
Cash US$55+73m (10/24) Debt 120m+ P US$4.60 (11/24)

website:

Endeavour investors are exposed to a responsibly managed portfolio of precious metal mines and exploration projects in Mexico, Chile and the USA. Our current two producing mines (Mexico) deliver cash flow as we strive to advance future operations, including a permitted development project that is under construction (Terronera) and an extensive growth pipeline of exploration projects.
No base metals, no hedging & strong beta to silver price
New Terronera project will add 6 million silver equivalent ounces of annual production in several years
Terronera is scheduled for initial production in H1 2025
Terronera Reserves : 7.4 million tonnes at 377 g/t AgEq containing 89.4 million AgEq oz
Average annual production of 4.0 million oz Ag and 38,000 oz Au over a 10-year mine life (7.0 million oz AgEq)
($0.20) per oz cash costs, $2.15 per oz MAISC

Endeavour has announced its intention to advance the Pitarrilla project. Plans for work on the project in 2025 are estimated to cost a total of $25.7 million composed of $16.6 million for feasibility study, development and exploration work, and $9.1 million of capital spending. The capital spending includes $6.0 million of buildings, right of way costs, and surface infrastructure; $2.2 million of mine infrastructure including a ventilation system; and $0.9 million of mobile equipment. The Company plans to complete 14,000 m of drilling and 600 m of ramp development at Pitarrilla in 2025 as it focuses on this project and advances towards construction.

Parral Project, Chihuahua. Acquired Parral from SSR Mining in 2016
Objective: Define mineral resource of 60 million oz Ag Eq followed by a PEA to model production

2022 production: 9.0 million Ag Eq Oz
2023 Production: 8.7 million Ag Eq Oz. 5,669,760 oz Ag. 37,186 oz Au
2024 Production: 7.6 Million Ag Eq Oz. 4,471,824 Oz Ag. 39,047 Oz Au

2025 outlook:
In 2025, silver production is expected to range from 4.5 to 5.2 million ounces (oz) and gold production is expected to be between 30,500 oz and 34,000 oz, bringing total silver equivalent production to between 7.0 and 7.9 million oz
Consolidated cash costs and all-in sustaining costs (AISC) for Guanaceví and Bolañitos in 2025 are estimated to be $16.00-$17.00 per oz silver and $25.00-26.00 per oz silver, respectively, net of gold by-product credits
Posted at 28/3/2023 10:22 by currypasty
Egdon Resources plc (AIM:EDR), the UK focused energy company, is pleased to announce that it will provide a live presentation relating to the company's Interim Results via the Investor Meet Company platform on 24th Apr 2023 at 10:00am BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet EGDON RESOURCES PLC via:






I guess most peoples question is why is everything so slow?
Posted at 15/8/2022 12:53 by ali47fish
thanks guess for the comments- i am a long term investor dubious about this share for years - whenever i added it went back - is this any different this time - so far missed benefiting from this spike
Posted at 25/1/2022 10:11 by currypasty
"Brokers View
Director of Research Jonathan Wright at brokers finnCap has estimated that the company in the current year to end July will see revenues jump from £1.2m to £5.2m.

That should be good enough to turn the previous loss of £0.8m into an adjusted £1.7m pre-tax profit, generating 0.3p of earnings against a 0.1p loss last year.

The broker has put out a price objective of 7.7p on the group’s shares.

My View
I think that this little ‘penny stock’ is a real winner in the making.

The Wressle-1 production costs are said to be around $18 a barrel. So even taking a range for the year of around $70 a barrel that looks really quite appealing.

But if the Russia/Ukraine situation gets a lot worse it is possible that oil will rise to over $100 a barrel.

The margins look excellent – and that is just the EOG interest in the Wressle-1. It has so many other potentially exciting positions, including a growing geothermal play.

Its interest in Wressle-1 will produce sufficient cashflow this year to help the group to further its interests across its portfolio.

Obviously still highly speculative at the current rates of production, I see these shares which touched 2.2p in March last year and are now just 1.57p, as a cracking punt for investors prepared to take a 2022 view.

As stated earlier, I see them more than doubling in price this year."

Quite confidently, I now set my Target Price at an easy 2.25p a share.
Posted at 10/12/2021 16:13 by jasper2712
What has Wressle brought to the table for the long suffering shareholders?
What has it done for the directors and now that their well paid jobs are safe what exactly are they doing on a daily basis? They certainly are not updating the investors.
Jobs for the boys and we are the ones paying for it!
Posted at 03/12/2021 13:32 by solo4yous
You think all these negative posters mean well and have long term or any investors interest at heart in a positive way?

Think again, dont believe me?

And here we go.
Posted at 29/9/2021 13:15 by currypasty
just think what will happen if EDR ever gets tipped and some investor interest arrives..
Posted at 27/9/2021 09:13 by currypasty
to be honest EDR looks safest bet of the three.. even though i do have all three. UJO has devastated investor confidence, EOG has stated they are going to acquire a north sea asset, yet fail to explain how they will pay for it. EDR did their funding earlier and 'should' be OK, although it has caused a bit of an 'overhang'. However overhangs clear, and give opportunity for others to get in cheap. I really think EDR should be 2-3p at this stage based on Wressle, and the oil price.
Posted at 20/9/2021 09:39 by talkman2
Investors bailing UJO for EDR ?

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