Endeavour Mining to hand out US$435m in dividends via new policy
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it will pay out a minimum of US$435 million in dividends over the next two years and more if special payments and share buybacks are included. “For H1-2024 we have declared a $100 million dividend, which we have supplemented with an additional $20 million of share buybacks,” said Ian Cockerill, chief executive.
Endeavour Mining impresses broker with Lafigue progress
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has had a 'buy' rating reiterated by broker Stifel after the first gold pour at its new Lafigué mine in Côte d'Ivoire The project is the company's fifth successful build in West Africa over the last decade, reaching production on budget and ahead of schedule, just 21 months after the construction launch, noted the broker The mine is expected to produce 90-110,00 oz of gold at all-in sustaining costs of $900-975/oz this year and increase output to approximately 200,000 oz next year, Assafou on the Tanda-Iguela property in Côte d'Ivoire was identified as the next phase of organic growth.
Endeavour Mining pours first gold from Lafigue in Ivory Coast
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has poured its first gold from the Lafigué mine in the Ivory Coast just 21 months after starting construction. Ian Cockerill, chief executive, commented that it was a proud moment for the miner.
EDV: The U.S. Economy Seems To Weaken - Reiterating Buy
The EDV ETF showed negative returns since my last article about the ETF. Nonetheless, I reiterate my Buy rating. It may take some time for a long-duration bond trade to fully unveil, so investors should stay patient.
