Endeavour Mining Share Discussion Threads

[shaikan not stirred] 02/2/2024 15:19

thanks Neilyb675

Great new thread with the charts and info. Much appreciated.

[neilyb675] 02/2/2024 11:15

1H2-2023 dividend declared on 22 January 2024, to be paid on or about 25 March 2024.

[neilyb675] 02/2/2024 11:14

1411.00 - 1412.00 (GBX) at 11:07:08
on Market (LSE)

[neilyb675] 02/2/2024 11:11

discussion continues here, with charts, news, etc

[neilyb675] 02/2/2024 11:11

SHAREHOLDER RETURNS PROGRAMME

In line with Endeavour’s capital allocation framework, the Company is pleased to continue to deliver attractive shareholder returns by declaring a H2-2023 dividend of $100.0 million, or approximately $0.41 per share. As such, the FY-2023 dividend amounts to $200.0 million, which represents $25.0 million or 14% more than the minimum dividend commitment of $175.0 million for the year, reiterating Endeavour's strong commitment to paying supplemental shareholder returns. Endeavour’s H2-2023 dividend will be paid on 25 March 2024, with an ex-dividend date of 22 February 2024, to shareholders of record on 23 February 2024. Shareholders of shares traded on the Toronto Stock Exchange will receive dividends in Canadian Dollars (“CAD”), but can elect to receive United States Dollars (“USD”). Shareholders of shares traded on the London Stock Exchange will receive dividends in USD, but can elect to receive Pounds Sterling (“GBP”). Currency elections and elections under the Company's dividend reinvestment plan ("DRIP") must be made by shareholders prior to 17:00 GMT on 4 March 2024. Dividends will be paid in the default or elected currency on the Payment Date, at the prevailing USD:CAD and USD:GBP exchange rates on 6 March 2024. This dividend does not qualify as an “eligible dividend” for Canadian income tax purposes. The tax consequences of the dividend will be dependent on the particular circumstances of a shareholder.Shareholder returns are being supplemented through the Company’s share buyback programme. A total of $65.7 million, or 3.0 million shares were repurchased during FY-2023, of which $25.7 million or 1.3 million shares were repurchased in Q4-2023.As shown in Table 2 below, Endeavour has returned $266.0 million to shareholders for FY-2023 through dividends and share buybacks, 52% above the $175.0 million minimum dividend commitment for the year, and equivalent to $226 per ounce produced from all operations. Since the shareholder returns programme began to be paid in 2021, Endeavour has returned $903.0 million to shareholders in the form of dividends and buybacks, inclusive of the H2-2023 dividend, which represents $393.0 million or 77% more than its minimum commitment over the period.

[neilyb675] 02/2/2024 11:10

2023 was another successful year for Endeavour during which we continued to focus on improving the quality of our portfolio through asset optimisation initiatives, the divestment of non-core Boungou and Wahgnion mines, construction of our two high-margin, long life growth projects, and continue to deliver significant exploration success.

On the operational front, we are pleased to have met production guidance for the eleventh consecutive year and to remain one of the lowest all-in sustaining cost producers within the sector, allowing us to generate robust cash flow to fund both our organic growth and shareholder returns programmes. Moreover, we achieved record production at both Ity and Houndé in 2023 where production exceeded 300koz. As we look forward to continuing to optimise and explore these two mines with the goal of sustaining such levels of production over the long-term, Endeavour's other flagship asset, Sabodala-Massawa, is well positioned to produce up to 400koz in 2024.

Regarding our near-term growth plans, we are very pleased to report that both the Sabodala-Massawa expansion and the Lafigué development project are progressing well, with both projects on budget and on, or ahead of, schedule for first production in the second quarter of 2024. Our longer-term organic growth pipeline is equally attractive, following the delineation of a 4.5 million ounce Indicated resource at our Tanda-Iguela greenfield property in Côte d’Ivoire. This represents one of the most significant discoveries in West Africa over the past decade and we have launched a preliminary feasibility study that we expect to finalise by year end, as we continue to focus on increasing its size.

Throughout last year, we continued to execute on our commitment to deliver attractive shareholder returns, returning $200 million of dividends for the year and having repurchased $66 million worth of shares, which combined is equivalent to $226 for every ounce of gold produced from all operations. Importantly, since we began the shareholder returns programme in 2021, we have returned over $900 million to shareholders representing 77% more than the minimum commitment for the period. Looking ahead, our goal is to increase returns further once our two ongoing organic growth projects are complete.

[limajane] 02/2/2024 11:06

Is the strike still ongoing in Hounde? Have the police been informed about the missing $7m? Who knew about the $7m, are any working for EDV?

[wallywoo] 01/2/2024 10:41

Bgt in here this morning. The ceo debacle looks like a good opportunity to pick up shares in a great gold miner for a fantastic price. Hedging seems to allow for the gold price to increase significantly without much penalty, but also providing assurance in the outside chance of significant falls. Q4 and 2024 both looking good for production.

[neilyb675] 29/1/2024 13:02

1438.00 - 1440.00 (GBX) at 13:01:08
on Market (LSE)

[shaikan not stirred] 27/1/2024 15:27

I noticed a lack of exposure to gold mining companies in my portfolio and these fit the bill and currently towards the lower end of the 1 year price range.

Happy to add to position as funds allow.

GLA

[neilyb675] 24/1/2024 17:48

finished 4.4.% up, at £14.37p

[neilyb675] 22/1/2024 11:41

1359.00 - 1360.00 (GBX) at 11:40:55
on Market (LSE)

[neilyb675] 22/1/2024 08:08

1390.00 - 1394.00 (GBX) at 08:07:06
on Market (LSE)

[neilyb675] 22/1/2024 07:11

As previously stated, Endeavour implemented a dividend policy in 2021,
with the goal of supplementing its minimum dividend commitment with
additional dividends and share buybacks provided that the prevailing
higher gold prices remained above $1,500/oz and its leverage remained
below 0.5x Net Debt / adj EBITDA. Endeavour's goal is to increase its
shareholder returns programme once its organic growth projects are
completed, along with the strengthening of its balance sheet, thereby
ensuring that its efforts to unlock growth immediately benefit all its
stakeholders. Endeavour's next semi-annual dividend is expected to be
announced in early August, along with its Q2 and H1-2024 financial
results.

[neilyb675] 22/1/2024 07:07

In line with Endeavour's capital allocation framework, the Company is
pleased to continue to deliver attractive shareholder returns by
declaring a H2-2023 dividend of $100.0 million, or approximately $0.41
per share. As such, the FY-2023 dividend amounts to $200.0 million, which
represents $25.0 million or 14% more than the minimum dividend commitment
of $175.0 million for the year, reiterating Endeavour's strong commitment
to paying supplemental shareholder returns.

-- Endeavour's H2-2023 dividend will be paid on 25 March 2024, with an
ex-dividend date of 22 February 2024, to shareholders of record on 23
February 2024. Shareholders of shares traded on the Toronto Stock
Exchange will receive dividends in Canadian Dollars ("CAD"), but can
elect to receive United States Dollars ("USD"). Shareholders of shares
traded on the London Stock Exchange will receive dividends in USD, but
can elect to receive Pounds Sterling ("GBP"). Currency elections and
elections under the Company's dividend reinvestment plan ("DRIP") must be
made by shareholders prior to 17:00 GMT on 4 March 2024. Dividends will
be paid in the default or elected currency on the Payment Date, at the
prevailing USD:CAD and USD:GBP exchange rates on 6 March 2024. This
dividend does not qualify as an "eligible dividend" for Canadian income
tax purposes. The tax consequences of the dividend will be dependent on
the particular circumstances of a shareholder.

-- Shareholder returns are being supplemented through the Company's share
buyback programme. A total of $65.7 million, or 3.0 million shares were
repurchased during FY-2023, of which $25.7 million or 1.3 million shares
were repurchased in Q4-2023.

[neilyb675] 19/1/2024 11:36

1391.00 - 1393.00 (GBX) at 11:33:22
on Market (LSE)

[neilyb675] 18/1/2024 18:46

London, 18 January 2024 – As announced on 4 January 2024, Sébastien de Montessus’ position was terminatedas President and Chief Executive Officer and Executive Director of Endeavour Mining plc (the “Company”;) with immediate effect.

The information required to be made available pursuant to Section 430(2B) of the Companies Act is set out below.

In accordance with Mr de Montessus’ service agreement and the Directors’ Remuneration Policy:

› Mr de Montessus will receive no further salary, pension or benefits for the period after his date of
termination and will not be paid any annual bonus in respect of the financial years 2023 or 2024.

› On the date of termination, Mr de Montessus’ unvested share awards over 717,397 shares lapsed in full.
The total value forfeited is USD 17.6 million, based on:

› Mr Montessus’ expected 2023 annual bonus, which was c. USD 2 million, and
› Unvested share awards (USD 15.6 million).

In addition, the Remuneration Committee has exercised its discretion to apply clawback in full to the USD 10 million one-off award granted to Mr de Montessus in 2021 and the USD 1.5 million cash portion of the bonusreceived for 2022. Part of the USD 11.5 million will be set off against Mr de Montessus’ remaining vested 2020LTIP award and the vested portion of his 2021 LTIP award (worth c. USD 8.8 million in aggregate based on yesterday’s share price) and he will be required to repay the remainder.

The total value of remuneration forfeited and being clawed back is USD 29.1 million.

Details will be disclosed in the Directors’ Remuneration Report within the Company’s Annual Report and
Accounts for the year ending 31 December 2023.

[limajane] 17/1/2024 18:29

Just read the FT article, surely the stock exchange will put a stop to this and kick them out! Market think's it's a possibility.

[limajane] 17/1/2024 15:07

Looks like it's going to be an inside investigation here - absolute bull!

[johnrxx99] 15/1/2024 03:42

Closed it due to posters.

[neilyb675] 13/1/2024 12:42

At 03:45 (Sanaa time), US forces conducted a strike against a Houthi radar site in Yemen. This strike was conducted by the USS Carney using Tomahawk Land Attack Missiles and was a follow-on action on a specific military target associated with strikes taken on 12 January designed to degrade the Houthis' ability to attack maritime vessels, including commercial vessels.

Since 19 November, Iranian-backed Houthi militants have attempted to attack and harass vessels in the Red Sea and the Gulf of Aden 28 times. These illegal incidents include attacks that have employed anti-ship ballistic missiles, unmanned aerial vehicles, and cruise missiles.
Since 19 November, Iranian-backed Houthi militants have attempted to attack and harass vessels in the Red Sea and the Gulf of Aden 28 times. These illegal incidents include attacks that have employed anti-ship ballistic missiles, unmanned aerial vehicles, and cruise missiles.

These strikes have no association with and are separate from Operation Prosperity Guardian, a defensive coalition of over 20 countries operating in the Red Sea, Bab al-Mandeb Strait, and Gulf of Aden." from United States Central Command
These strikes have no association with and are separate from Operation Prosperity Guardian, a defensive coalition of over 20 countries operating in the Red Sea, Bab al-Mandeb Strait, and Gulf of Aden."

United States Central Command