Transaction in Own Shares | EDVMF Stock News

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Apr 11, 2025
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  • Endeavour Mining plc (EDV) completed a share buyback of 42,363 ordinary shares on April 10, 2025.
  • The shares were bought at prices ranging from 1,812.23 GBp to 1,837.00 GBp, with a volume-weighted average price of 1,822.18 GBp.
  • Post-transaction, Endeavour Mining will have 241,830,120 ordinary shares in circulation, with no treasury shares.

Endeavour Mining plc (EDV), a leading global gold producer, has announced a significant share buyback conducted on April 10, 2025. The company repurchased a total of 42,363 ordinary shares through Stifel Nicolaus Europe Limited, with transaction prices ranging from 1,812.23 to 1,837.00 GBp per share.

This action is part of Endeavour Mining's ongoing buyback program, originally announced on March 20, 2024. The largest individual transaction during this session was the purchase of 20,000 shares at 1,812.23 GBp on the TSX.

Following the cancellation of these repurchased shares, Endeavour Mining will boast 241,830,120 ordinary shares in issue, all held publicly, and none retained in the company's treasury. This reduction in outstanding shares is expected to support the company's stock price while slightly impacting market liquidity.

The company's commitment to maintaining its buyback program underscores its strategy to boost shareholder value through capital management. Endeavour Mining remains a prominent player in the gold sector, with an extensive operational footprint across West Africa.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.