- Endeavour Mining (EDV) completes buyback of 15,000 shares at 2,076.29 GBp each on May 13, 2025.
- Post-transaction, the company has 241,531,120 ordinary shares in issue with no treasury shares.
- This buyback is part of a program announced on March 20, 2024.
Endeavour Mining plc (EDV) has executed a share buyback transaction involving the acquisition of 15,000 ordinary shares at a price of 2,076.29 GBp per share. This transaction took place on May 13, 2025, through Stifel Nicolaus Europe Limited on the TSX. Following this repurchase, the company will cancel the shares, resulting in a total of 241,531,120 ordinary shares in issue, with no shares held in treasury. The total number of voting rights will also be 241,531,120, which shareholders can use for calculations as per the FCA's Disclosure Guidance and Transparency Rules.
This buyback is part of Endeavour Mining's ongoing share repurchase program, initially announced on March 20, 2024. The decision to undertake this buyback underscores the company's confidence in its value and commitment to returning capital to its shareholders, potentially enhancing earnings per share metrics. However, it also results in a cash expenditure of approximately £311,443, impacting the company’s available cash reserves.
Endeavour Mining is a major player in the gold production industry, with a significant presence in West Africa, operating across Senegal, Cote d'Ivoire, and Burkina Faso. The company remains committed to responsible mining practices and creating sustainable value for its stakeholders.
