Endeavour Mining ( (TSE:EDV) ) has shared an update.
Endeavour Mining plc has announced a transaction involving the purchase of 25,000 of its ordinary shares as part of its ongoing buy-back program. This transaction, executed through Stifel Nicolaus Europe Limited, is part of a strategy to manage the company’s share capital and enhance shareholder value. The cancellation of these shares will result in 241,575,120 ordinary shares in issue, which will be the new denominator for shareholder voting rights calculations. This move is expected to impact the company’s market positioning by potentially increasing the value of remaining shares and demonstrating a commitment to returning value to shareholders.
More about Endeavour Mining
Endeavour Mining is a leading global gold producer and the largest in West Africa, with operations in Senegal, Cote d’Ivoire, and Burkina Faso. The company boasts a robust portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt. As a member of the World Gold Council, Endeavour is dedicated to responsible mining and delivering sustainable value to its stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange under the symbol EDV.
YTD Price Performance: 49.45%
Average Trading Volume: 589,749
Technical Sentiment Signal: Sell
Current Market Cap: C$9.17B
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