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Endeavour Mining Executes Share Buyback as Part of Capital Management Strategy

Story Highlights
  • Endeavour Mining has repurchased 67,900 shares, reducing its total shares to 242,200,483.
  • The share buyback is part of Endeavour’s strategy to manage its capital structure effectively.
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Endeavour Mining Executes Share Buyback as Part of Capital Management Strategy

Endeavour Mining ( (TSE:EDV) ) has shared an announcement.

Endeavour Mining plc has executed a share buyback, purchasing 67,900 of its ordinary shares from Stifel Nicolaus Europe Limited as part of its ongoing buy-back program. This transaction, which saw shares bought at prices between 1,756.00 and 1,775.00 GBp, reduces the total number of shares in issue to 242,200,483, potentially impacting shareholder voting rights calculations. This move is part of Endeavour’s strategy to manage its capital structure effectively, reflecting confidence in its financial position and future prospects.

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 has a robust portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt. Endeavour is committed to responsible mining and sustainable value delivery, and its shares are traded on the London and Toronto Stock Exchanges under the symbol EDV.

YTD Price Performance: 32.86%

Average Trading Volume: 475,230

Technical Sentiment Signal: Sell

Current Market Cap: C$8.17B

Learn more about EDV stock on TipRanks’ Stock Analysis page.

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