Endeavour Mining sets a big, bold, 12-15m ounce gold exploration target
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has set a five-year exploration target of 12 to 15 million ounces of new resources between 2026 and 2030. The company said it expects average discovery costs will remain below $40 per ounce.
Endeavour Mining jumps 10% as cash flow surges on record gold prices
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) shares climbed 10% to 3,536p on Thursday after the company posted another strong quarter, powered by high gold prices, firm output and sharply improved cash generation. For the nine months to September, the group produced 911,000 ounces of gold, up 23% on the same period last year and on track for the top half of its annual target of 1.11–1.26 million ounces.
Endeavour Mining lifts cash flow and cuts debt as gold price turbocharges earnings
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has delivered another strong quarter, using record gold prices to boost cash generation, trim debt and step up cash returns, while keeping this year's production and cost guidance intact. For the nine months to the end of September, the West Africa-focused miner produced 911,000 ounces of gold, up 23% on the same period last year and on track for the top half of its full-year target of 1.11–1.26 million ounces.
Endeavour is one of the most attractive gold names - analyst
JP Morgan has launched its coverage on West African gold producer Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) with an 'Overweight' rating and a £50 per share price target, implying around 63% upside from current levels. Endeavour's low-cost production base and growth potential across Côte d'Ivoire, Senegal, and Burkina Faso make it one of the most attractive gold names in the EMEA region, JP analyst Patrick Jones said.
Endeavour on track to meet full-year targets after strong first half
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it remains on course to meet its full-year production and cost targets after a robust performance in the first half of 2025, reporting production of 647,000 ounces of gold. The West Africa-focused precious metals group's all-in sustaining cost, a measure that reflects the total cost to produce each ounce, was $1,281 per ounce for the period, a modest increase of 4% compared with last year.
Endeavour Mining: There is plenty more to come from this high-quality gold business, says investment bank
Berenberg has reiterated its “buy” recommendation on Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF), setting a price target of 3,300p. That's a near 45% premium to Monday's trading price of 2,282p, on the view that the West African gold producer's best days lie ahead.
Perenti secures $1.1 billion services contract with Endeavour Mining, adding to deal spree
Perenti has secured a $1.1 billion underground mining contract with an Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) subsidiary for the Mana gold complex in Burkina Faso. The deal, announced on Monday, is part of a broader series of agreements the mining services company has secured in recent weeks, totalling more than $2.1 billion.
Endeavour Mining completes $500M senior notes offering
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has completed its previously announced offering of $500 million in 7% senior notes due 2030, as part of a broader refinancing strategy. The proceeds will be used to finance the purchase of the company's outstanding 5% senior notes due 2026 that were validly tendered under a concurrent cash tender offer, and to cover related fees and expenses.
EDV: Too Much Duration (Rating Downgrade)
EDV is a risky bet as economic fundamentals support higher long-term interest rates, driven by worsening U.S. fiscal deficits and inflationary policies. Trump's domestic and trade policies are set to increase deficits, fuel inflation, and deter foreign buyers of U.S. treasuries, pushing yields higher. Technicals suggest 30-year yields could break out to 6.5%, implying over 30% downside for EDV due to its high duration.
Endeavour Mining prices $500M in five-year notes to support refinancing strategy
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) announced that it has priced $500 million in fixed-rate senior notes due in 2030 as part of its refinancing strategy. The notes will bear interest at 7% per annum, payable semi-annually, and are expected to settle on or around May 28, 2025.
Endeavour Mining tipped for upside by Swiss bank
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has made “a good start in rebuilding credibility with investors after a 2024 that didn't live up to the gold producer's usual track record of delivering versus guidance, that's according to analysts at UBS. The Swiss bank repeated a ‘Buy' recommendation and has upped its price target from 2,500p to 2,800p – compared to a prevailing share price of 2,078p.
Endeavour Mining confirms lucrative first quarter amid soaring gold prices
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has now detailed a strong quarter amid strengthening gold prices. It reported strong first quarter results with production of 341,000 ounces of gold, at an all-in sustaining cost of $1,129 per ounce.
