|Bid||30.69 x 0|
|Ask||30.73 x 0|
|Day's Range||29.97 - 31.15|
|52 Week Range||15.68 - 33.56|
|Beta (5Y Monthly)||-0.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 26, 2009|
|1y Target Est||27.57|
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. "Our industry is considering coronavirus a thing of the past as most countries are easing lockdowns and this should propel M&A activity again," said Ingo Hofmaier, SolGold’s executive general manager of project and corporate finance.
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Sébastien de Montessus became the CEO of Endeavour Mining Corporation (TSE:EDV) in 2016. First, this article will...
Endeavour Mining <EDV.TO> said on Monday it will acquire Toronto-listed Semafo <SMF.TO> in a C$1 billion ($690.7 million) deal to create the biggest gold producer in Burkina Faso, increasing its focus on the country despite rising insecurity. The combined group will produce 1 million ounces of gold a year, Endeavour Chief Executive Sebastien de Montessus said, making it larger than Newmont Goldcorp, Barrick, and Goldfields in West Africa. Endeavour shareholders will own about 70% of the combined company, with the rest going to Semafo shareholders.
Endeavour Mining Corporation (TSE:EDV) shareholders (or potential shareholders) will be happy to see that the...
The employee experienced mild symptoms hours after arriving at the site from Britain, the company said, and the few people who were in contact with the employee have been identified and placed in quarantine. Because the employee did not show symptoms on arrival and passed the company's mandatory health screening, Endeavour said it was increasing its preventive measures by introducing a mandatory 14-day quarantine period for any employees or contractors arriving in Ivory Coast or Burkina Faso.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Endeavour Mining...
Violence in Africa's Sahel region has driven mining exploration companies to put projects on hold, with knock-on effects for an industry struggling to expand and for fragile local economies. Islamist groups have been pushing south from strongholds in northern Mali and carried out attacks across much of Burkina Faso and parts of western Niger. As security costs have risen, mining companies that explore for mineral deposits have shut down projects in the most dangerous areas.
West Africa-focused gold miner Endeavour Mining is not looking for other potential acquisitions after its failed offer for Centamin, CEO Sebastien de Montessus said on Wednesday. Endeavour abandoned its 1.5 billion pound ($1.9 billion) pursuit of Centamin in January, citing a lack of information on the company, while Centamin said the offer was too low. De Montessus said talks with Centamin had gone completely cold and the process was finished.
Burkina Faso's gold production probably fell slightly last year due partly to security problems and attacks targeting industrial miners, the country's mines minister said on Tuesday. Oumarou Idani told Reuters that he expected the West African country's gold production to total 50 tonnes in 2019, down from 53 tonnes in 2018. Burkina Faso has been battling a rising insurgency which has killed 1,000 people since 2016 and driven nearly 500,000 from their homes.
ENDEAVOUR REPORTS Q4-2019 PRELIMINARY RESULTS AND 2020 GUIDANCE 2019 production up 6% over 2018 · Net Debt reduced by $129m in H2-2019 · Strong growth expected for 2020.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT.
Buying shares in the best businesses can build meaningful wealth for you and your family. And we've seen some truly...
The new "put up or shut up" deadline for Endeavour to make an offer or walk away has been set for Jan. 14 by the UK takeover panel on Centamin's request. Endeavour had urged Centamin to seek an extension till Jan. 31, saying the original Dec. 31 deadline did not give it sufficient time to study Centamin's assets. VanEck International Investors, which has the third-biggest stake in Endeavour and the second-biggest in Centamin, had earlier urged Centamin to seek extension on the takeover offer date.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH.
Endeavour on Thursday said it had insufficient time before the current "put up or shut up" deadline of Dec. 31 to study Centamin's assets and urged the company to ask a British takeover panel for an extension to Jan. 31, 2020. Endeavour said it would only proceed if it can complete due diligence, including technical analysis and site visits. VanEck is the third- and second-biggest shareholder of Endeavour and Centamin, respectively, according to Refinitiv.
Endeavour said it had insufficient time before the current "put up or shut up" deadline of Dec. 31 to complete due diligence and asked Centamin to request the British takeover panel to extend the deadline to Jan. 31, 2020. Centamin said on Wednesday that Endeavour had indicated it would not provide the information the British company had requested unless it agrees to an extension of the deal deadline.
THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER PURSUANT TO RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). From its first, private approach to Centamin on November 11, 2019, Endeavour sought constructive engagement with the Centamin Board in respect of a potential combination, but this was not forthcoming. As a result, the only course of action open to Endeavour was to communicate directly with Centamin’s shareholders.
THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER PURSUANT TO RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). The objective of the due diligence exercise would be to allow both companies to further understand each other’s assets and would be a critical precursor to allowing the parties to determine whether the financial terms of a transaction could be agreed that was in the best interests of both companies’ shareholders.
** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.
Egypt said on Wednesday it welcomed Endeavour Mining's bid to takeover Centamin Plc , saying it would encourage foreign investment in the country's mining industry. Centamin rebuffed the 1.47 billion pound ($1.9 billion) all-stock takeover proposal on Tuesday, saying it did not offer enough value to Centamin shareholders. Centamin's assets include Egypt's Sukari mine and Cleopatra project, as well as exploration projects in West Africa.