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The latest announcement is out from Endeavour Mining ( (TSE:EDV) ).
Endeavour Mining has repurchased 20,000 of its own ordinary shares as part of its ongoing share buy-back programme, at a volume-weighted average price of 4,828.33 pence per share. Following the cancellation of these shares, the company will have 242,019,512 ordinary shares in issue, which now represents the total voting rights for shareholders when calculating disclosure thresholds.
The transaction, executed by Stifel Nicolaus Europe Limited across the London and Toronto exchanges, underscores Endeavour’s continued capital management efforts. By reducing the number of shares in issue and confirming there will be no shares held in treasury, the company is tightening its share base, which may enhance earnings per share and signals confidence in the underlying business to investors.
More about Endeavour Mining
Endeavour Mining is a senior gold producer and the largest in West Africa, operating mines in Senegal, Côte d’Ivoire and Burkina Faso. The company also holds advanced development and exploration assets across the Birimian Greenstone Belt and is listed in London and Toronto under the ticker EDV, positioning it as a key player in the global gold sector with a focus on responsible mining.
Learn more about EDV stock on TipRanks’ Stock Analysis page.