We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LoneClone10/1/2021 1:39:30 PM
   of 77961
Endeavour Mining aka EDV made it to the big time last year by absorbing two mid-tier fellow African gold miners, and followed it up this year by gaining a senior listing on the LSE. Management's ambitions remain high, as evidenced by two PRs they issued today.

The first concerns the issue of $500M of Senior Notes due in 2026, which will be used primarily to repay some high interest debt that they incurred during the recent takeovers.

EDV's reputation now rests on them being a reliable low cost producer with a solid pipeline of growth opportunities, and today's second PR lays out a target for the discovery of 15-20M more ounces of Indicated Resources over the next five years at a cost of less than $25/oz. This will allow them to extend the mine life of various projects plus establish new greenfield operations. Most of the growth in resources is expected to occur at existing operations, and the bulk of the PR consists of a mine by mine layout of their plans, and based on their track record, it seems very likely they will be able to accomplish their goals based on the 70 targets they have identified.

A presentation and a video are linked in the PR.

Message 33511865
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext