ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES London, 11 April 2022 – Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) announces it has purchased the following number of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited. Aggregated information Dates of purchase:8 April 2022Aggregate number of ordinary shares of USD 0.01 each purchased:10,000Lowest price paid per share (CAD): 31.45Highest price paid per share (CAD): 31.45Volume weighted average price paid per share (
HIGHLIGHTS: Robust DFS economics support the expansion of Sabodala-Massawa by supplementing the current 4.2Mtpa CIL plant with a 1.2Mtpa BIOX® plant to process the high-grade refractory ore from the Massawa deposits Expansion is expected to yield incremental production of 1.35Moz at a low AISC of $576/oz over the life of the BIOX® Expansion ProjectLifts Sabodala-Massawa to top tier status with an expected average annual production of 373koz per year over the next 5 years at an average AISC of $7
With a price-to-earnings (or "P/E") ratio of 27.6x Endeavour Mining plc ( TSE:EDV ) may be sending very bearish signals...