Endeavour Mining Executes Share Buyback to Enhance Shareholder Value

Endeavour Mining ( (TSE:EDV) ) has provided an update.

Endeavour Mining has executed a share buyback transaction, purchasing 4,000 of its ordinary shares at a price of 2,161.61 GBp each. This transaction is part of the company’s ongoing buy-back program initiated in March 2024. Following the cancellation of these shares, Endeavour will have 241,550,120 ordinary shares in issue, which will serve as the denominator for shareholders to calculate their voting rights. This strategic move is likely aimed at optimizing the company’s capital structure and enhancing shareholder value.

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 development projects and exploration assets in the Birimian Greenstone Belt and is committed to responsible mining and sustainable value creation. Endeavour is listed on the London and Toronto Stock Exchanges under the symbol EDV.

YTD Price Performance: 62.88%

Average Trading Volume: 873,113

Technical Sentiment Signal: Buy

Current Market Cap: £5.47B

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