Endeavour Mining (EDV)

Sector:

Mining

Index:

FTSE 100

1,275.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 2,184.00
  • 52 Week Low: 1,250.00
  • Currency: UK Pounds
  • Shares Issued: 245.20m
  • Volume: 130,682
  • Market Cap: £3,126.34m
  • RiskGrade: 28

Endeavour Mining on track to hit targets after solid third quarter

By Benjamin Chiou

Date: Thursday 09 Nov 2023

LONDON (ShareCast) - (Sharecast News) - West Africa-focused gold miner Endeavour Mining said it remains on track to meet guidance this year after a decent third quarter, with an even stronger performance expected in the fourth quarter.
The company, which operates across Burkina Faso, Côte d'Ivoire, Mali and Senegal, produced 281 thousand ounces (koz) of gold in the three months to 30 September, flat on last year but up from 268koz in the second quarter.

So-called 'all-in sustaining costs' (AISC) were at an "industry-low" $967/oz in the third quarter, Endeavour said, down from $1,000/oz in the second quarter.

Meanwhile, the realised gold price was $1,903/oz, down from $1,947/oz in the second quarter but up from $1,748/oz a year earlier.

As such, revenues totalled $530m, up from $467m the year before, while adjusted EBITDA improved to $263m from $253m.

The company still expects to mine 1,060koz to 1,135koz of gold over 2023 as a whole, but said that group AISC is expected to be near the top end of the guided $895/oz to $950/oz range.

"On the operational front, in light of the efforts made over the first half of the year, our third quarter saw the strongest performance so far this year, and we expect Q4 performance to be even stronger, which positions us well to meet full-year production guidance for the eleventh consecutive year and maintain our status as one of the lowest cost gold producers in the sector," said chief executive and president Sebastien de Montessus.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EDV Market Data

Currency UK Pounds
Share Price 1,275.00p
Change Today 12.00p
% Change 0.95 %
52 Week High 2,184.00
52 Week Low 1,250.00
Volume 130,682
Shares Issued 245.20m
Market Cap £3,126.34m
RiskGrade 28

EDV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.98% above the market average97.98% above the market average97.98% above the market average97.98% above the market average97.98% above the market average
95.38% above the sector average95.38% above the sector average95.38% above the sector average95.38% above the sector average95.38% above the sector average
Price Trend
52.53% below the market average52.53% below the market average52.53% below the market average52.53% below the market average52.53% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income
70.72% above the market average70.72% above the market average70.72% above the market average70.72% above the market average70.72% above the market average
13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average
Growth
51.36% below the market average51.36% below the market average51.36% below the market average51.36% below the market average51.36% below the market average
46.88% below the sector average46.88% below the sector average46.88% below the sector average46.88% below the sector average46.88% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EDV Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 22-Feb-24 31-Aug-23
Paid 25-Mar-24 26-Sep-23
Amount 41.00¢ 40.00¢

Trades for 27-Feb-2024

Time Volume / Share Price
14:34 62 @ 1,274.00p
14:34 70 @ 1,275.00p
14:34 78 @ 1,274.00p
14:34 80 @ 1,274.00p
14:34 117 @ 1,273.00p

EDV Key Personnel

Chair Srinivasan Venkatakrishnan
CEO Ian Cockerill

Top of Page