Endeavour Mining Plc

Endeavour Mining Corp. is pleased to announce the successful completion of the previously announced La Mancha Holding S.à.r.l. investment. Endeavour issued a total of 8,910,592 ordinary shares to La Mancha for aggregate net proceeds of US$200 million at a price of approximately US$22.45 per Share . The investment, which was announced as part of the acquisition of Teranga Gold Corp. on November 16, 2020, is being made by [...]

Operating Cash Flow up 148% l Net Debt reduced by $603m to reach $75m Net Cash position l Buyback program approved Q4 & FY-2020 HIGHLIGHTS Eighth consecutive year of achieving annual production and AISC guidance Record Q4-2020 production of 344koz, a 41% increase over Q3-2020 while AISC decreased by 11% to $803/oz Record FY-2020 production of 908koz, a 40% increase over FY-2019, while AISC increased by 7% to $873/oz [...]

Endeavour Mining Corp. is pleased to announce that it has received approval from the Toronto Stock Exchange to implement a Normal Course Issuer Bid for its share repurchase program, in order to supplement its dividend and maximize value for its shareholders. Endeavour believes that the market price of its ordinary shares does not always reflect its underlying value and future prospects. Endeavour's purchase of its [...]

Sabodala-Massawa expansion underway AISC guidance reduced by $40/oz Exploration budget increased by 40% HIGHLIGHTS 2021 guidance has been updated to reflect the newly integrated Sabodala-Massawa and Wahgnion mines: Production guidance for continuing operations increased by 50% to 1.4 - 1.5Moz AISC guidance for continuing operations decreased by $40/oz to $840 - 890/oz 2021 exploration budget increased by 40% to $70 - $90m [...]

Positive PFS results for both Fetekro and Kalana Projects confirm Endeavour's high quality organic growth pipeline Fetekro PFS shows potential for +200kozpa production at low AISC over long mine life: 10-year mine life based on current reserves of 2.1Moz Average annual production of 209koz at AISC of $838/oz Robust economics with after-tax NPV5% of $479m and IRR of 33%, based on a $1,500/oz gold price Kalana PFS shows [...]

S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index: The shareholders of Endeavour Mining Corp. and Teranga Gold Corporation have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Teranga Gold Corporation will be exchanged for 0.47 shares of Endeavour Mining Corp.. Teranga Gold Corp. will be removed from the S&P/TSX Composite [...]

Endeavour Mining is pleased to announce the successful completion of the acquisition of Teranga Gold to create a new top 10 global gold producer. Sebastien de Montessus, President and CEO said: "We are delighted to successfully complete our acquisition of Teranga and would like to welcome the teams at the Sabodala-Massawa and Wahgnion mines to our organization. We look forward to quickly integrating our new assets into [...]

Endeavour Mining is pleased to announce that it has received all of the regulatory approvals required for its acquisition of Teranga Gold Corp., as announced on November 16, 2020. As such, Endeavour expects to close the acquisition on or around February 8, 2021. Endeavour received written confirmation from the Minister of Innovation, Science and Industry stating that the acquisition has been approved under the Investment [...]

Record Q4-2020 production of 344koz, a 41% increase over Q3-2020 while AISC decreased by 15% to ~$770/oz Record consolidated FY-2020 production of 908koz, a 39% increase over FY-2019, while AISC increased by 5% to ~$860/oz Eighth consecutive year of achieving annual guidance, reaching the top end of production and low end of AISC guidance, in spite of the global COVID-19 pandemic Net Cash position of ~$70m achieved at [...]

Endeavour Mining is pleased to announce that it has entered into an agreement to sell its 85% interest in its non-core Agbaou mine in C?te d'Ivoire to Allied Gold Corp for a consideration of up to $80 million with further upside through its equity exposure and a Net Smelter Return royalty. S?bastien de Montessus, President and CEO of Endeavour, commented: "The sale of our interest in the Agbaou mine to Allied Gold is in [...]