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Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure

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The latest announcement is out from Endeavour Mining ( (TSE:EDV) ).

Endeavour Mining announced the repurchase of 1,000 ordinary shares as part of its ongoing buy-back program, with all shares purchased at a price of 2,004 GBp each. This transaction reduces the number of shares in treasury to zero, leaving 241,829,120 shares in issue, which will affect shareholder voting rights calculations. The buy-back program, initially announced in March 2024, is part of Endeavour’s strategy to manage its capital structure effectively.

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 holds 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 committed to responsible mining and sustainable value creation for its stakeholders.

YTD Price Performance: 44.52%

Average Trading Volume: 540,477

Technical Sentiment Signal: Sell

Current Market Cap: C$8.87B

For an in-depth examination of EDV stock, go to TipRanks’ Stock Analysis page.

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