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Endeavour Mining Corporation (EDV.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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29.77-0.02 (-0.07%)
As of 11:20AM EST. Market open.
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Neutralpattern detected
Previous Close29.79
Open30.10
Bid29.77 x 0
Ask29.83 x 0
Day's Range29.66 - 30.13
52 Week Range15.68 - 39.21
Volume56,591
Avg. Volume565,117
Market Cap4.854B
Beta (5Y Monthly)0.72
PE Ratio (TTM)N/A
EPS (TTM)-0.57
Earnings DateNov 12, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJan 26, 2009
1y Target Est39.00
  • Endeavour Announces Results of Annual General Meeting
    GlobeNewswire

    Endeavour Announces Results of Annual General Meeting

    ENDEAVOUR ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING George Town, 20 November 2020 – Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce that all the proposed resolutions at its Annual General Meeting of Shareholders held on Friday, November 20, 2020 were duly passed.The results for each of the matters voted upon at the meeting are set out below:RESOLUTION VOTES FOR % FOR VOTES WITHHELD % WITHHELD Elect as a Director:         Michael Beckett 129,546,914 98.11% 2,496,791 1.89% James Askew 132,007,631 99.97% 36,074 0.03% Alison Baker 130,454,620 98.80% 1,589,085 1.20% Sofia Bianchi 129,722,396 98.24% 2,321,309 1.76% Hélène Cartier 132,022,876 99.98% 20,829 0.02% Livia Mahler 129,863,237 98.35% 2,180,468 1.65% Sébastien de Montessus 132,009,353 99.97% 34,353 0.03% Naguib Sawiris 94,381,139 71.48% 37,662,566 28.52% Tertius Zongo 132,027,119 99.99% 16,586 0.01% Appointment of Auditors 134,570,240 99.97% 39,035 0.03% Approval of Unallocated Entitlements 127,088,953 96.25% 4,954,752 3.75% Amendments to PSU Plan 125,820,552 95.29% 6,223,153 4.71% Say on Pay 105,037,529 79.55% 27,006,176 20.45% CONTACT INFORMATION Martino De Ciccio VP – Strategy & Investor Relations +44 203 640 8665 mdeciccio@endeavourmining.com Vincic Advisors in Toronto John Vincic, Principal +1 (647) 402 6375 john@vincicadvisors.com   Brunswick Group LLP in London Carole Cable, Partner +44 7974 982 458 ccable@brunswickgroup.com ABOUT ENDEAVOUR MINING Endeavour Mining is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea. As a leading gold producer, Endeavour Mining is committed to principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV.Corporate Office: 5 Young St, Kensington, London W8 5EH, UKAttachment * 201120_2020 AGM Votes Results_vf

  • Endeavour to Buy Rival Teranga Gold in $1.86 Billion Deal
    Bloomberg

    Endeavour to Buy Rival Teranga Gold in $1.86 Billion Deal

    (Bloomberg) -- Endeavour Mining Corp., the acquisitive gold producer backed by Egyptian billionaire Naguib Sawiris, agreed to buy Teranga Gold Corp. in the latest deal to reshape the sector.After Barrick Gold Corp. and Newmont Corp. created behemoths two years ago that dwarf the rest of the industry, other gold miners are trying to consolidate to remain relevant to shareholders. Helped by record gold prices, that’s led to a flurry of deals across the sector as smaller producers beef up their scale.Endeavour said last week it was discussing a “merger of equals style” deal with Teranga after the talks were first reported by Bloomberg News. Endeavour is offering a 5.1% premium to Teranga’s closing price on Friday, valuing its equity at C$2.44 billion ($1.86 billion), according to Bloomberg calculations.Teranga rose 1.3% to C$14.02 at 10:25 a.m. in Toronto, while Endeavour fell 2% to C$30.32.The combined company will produce about 1.5 million ounces of gold a year across West Africa, making it one of the 10 largest producers. It also plans to seek a listing on the London Stock Exchange, a long-term goal of Endeavour Chief Executive Officer Sebastien de Montessus.Read More: Endeavour Mining Explores Combination With Rival Teranga GoldLondon has become a go-to destination for gold miners in the past year as companies seek to fill the gap left by Randgold Resources Ltd., a former investor favorite that delisted when it was bought by Barrick in a deal that set the tone for low- or zero-premium combinations in the industry.Since Randgold left, Yamana Gold Inc. and streaming company Wheaton Precious Metals Corp. have both secured listings in London, though unlike Endeavour they have not sought premium listings that make them eligible for the FTSE 100 index.“The combined entity will become a new senior gold producer and enjoy an improved capital markets profile, underpinned by a healthy balance sheet and strong cash flow capabilities to support a sustainable dividend,” de Montessus said a statement from both companies on Monday.Endeavour is offering 0.47 of its own shares per Teranga share. That means existing Endeavour and Teranga shareholders will own approximately 66% and 34%, respectively, of the combined company.La Mancha, the vehicle in which Sawiris holds his stake in Endeavour, will invest a further $200 million into the combined company, leaving it with a 19% stake. Teranga’s biggest shareholders, including Barrick, support the deal, according to the statement.A successful deal would extend a years-long transformation by Endeavour, which has replaced high-cost mines with two new flagship projects that produce more gold and will operate for much longer. Teranga has assets in Senegal, Burkina Faso and Ivory Coast, including the Massawa project it bought from Barrick.The deal is expected to close in the first quarter of 2021.(Updates with share prices in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Endeavour to become West Africa's biggest gold miner with $2 billion Teranga deal
    Reuters

    Endeavour to become West Africa's biggest gold miner with $2 billion Teranga deal

    West Africa-focused Endeavour Mining has agreed to buy Teranga Gold in an all-share deal to create a top 10 gold producer which will list in London, the companies said on Monday, a week after they announced they were in talks. "We're not trying to buy cheap - we're just trying to make the right deal that satisfies both sets of shareholders and that ensures the maximum support and maximum return going forward," Endeavour CEO Sébastien de Montessus said in a telephone interview.