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Endeavour Mining Corporation (EDV.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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28.21-0.41 (-1.43%)
As of 10:40AM EST. Market open.
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Previous Close28.62
Open28.60
Bid28.17 x 0
Ask28.20 x 0
Day's Range28.02 - 28.60
52 Week Range15.68 - 39.21
Volume152,897
Avg. Volume598,665
Market Cap4.599B
Beta (5Y Monthly)0.62
PE Ratio (TTM)N/A
EPS (TTM)-0.57
Earnings DateMar. 08, 2021 - Mar. 12, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJan. 26, 2009
1y Target Est39.75
  • Reuters

    Gold investors target 'excessive' executive payouts amid deals

    Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking. "It's excessive and it's something that we don't like to see as shareholders," said portfolio manager Joe Foster at Van Eck Associates Corp, which holds shares in Barrick Gold Corp , Newmont Corp and other gold miners. Teranga Gold Corp executives collectively will receive $10 million in severance pay plus $20.9 million for accelerated vesting of options after agreeing to a $2 billion takeover by Canada's Endeavour Mining Corp.

  • Endeavour Announces Its First Dividend Record and Payment Dates
    GlobeNewswire

    Endeavour Announces Its First Dividend Record and Payment Dates

    ENDEAVOUR ANNOUNCES ITS FIRST DIVIDEND RECORD AND PAYMENT DATESGeorge Town, January 11, 2021 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce that its first dividend will be paid on February 5, 2021 (the “Payment Date”) to shareholders of record at the close of business on January 22, 2021 (the “Record Date”).Sébastien de Montessus, President and CEO, commented: “The progress we have made across our business over recent years is bearing fruit as we have created a compelling investment proposition which is now augmented through the initiation of our first dividend.  Following a strong performance in Q4-2020, this first dividend payment coincides with Endeavour having achieved its strategic goal of reaching a net cash position by year-end. Our goal now is to quickly build a net cash position of US$250 million, at which point we would be well positioned to enhance our shareholder return program.”On November 12, 2020, Endeavour announced its first dividend of US$60 million for the 2020 fiscal year. This first dividend equates to US$0.37 per ordinary share and represents a 1.6% yield based on Endeavour’s closing price on November 11, 2020.Endeavour’s first dividend sets the path to a sustainable dividend policy, based on its capital allocation framework and its strategy of maximizing long term shareholder value. Following the payment of this first dividend, the Board of Directors expects to declare future dividends on a semi-annual basis, with the goal of maintaining a similar dividend yield until it has reached a targeted net cash position of US$250 million. Once that target is reached, the Company would be well positioned to re-assess its capital allocation priorities, which may include augmenting its shareholder return program.The dividend will be paid to holders of ordinary shares in Canadian Dollars based on the prevailing USD:CAD exchange rate at the time of payment. This dividend does not qualify as an 'eligible dividend' for Canadian income tax purposes. The tax consequences of the dividend will be dependent on the particular circumstances of a shareholder. Shareholders are encouraged to consult with their own tax advisors in this regard.CONTACT INFORMATION Martino De Ciccio VP – Strategy & Investor Relations +44 203 640 8665 mdeciccio@endeavourmining.com Brunswick Group LLP in London Carole Cable, Partner +44 7974 982 458 ccable@brunswickgroup.com   Vincic Advisors in Toronto John Vincic, Principal +1 (647) 402 6375 john@vincicadvisors.com ABOUT ENDEAVOUR MINING CORPORATIONEndeavour Mining is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea.   As a leading gold producer, Endeavour Mining is committed to principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV.For more information, please visit www.endeavourmining.com.Corporate Office: 5 Young St, Kensington, London W8 5EH, UK    This news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour's future cash position, plans of possibly increasing its shareholder return program, the implementation of a sustainable dividend policy and the payment of future dividends. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business. The declaration and payment of future dividends and the amount of any such dividends will be subject to the determination of the Company’s Board of Directors, in its sole and absolute discretion, taking into account, among other things economic conditions, business performance, financial condition, growth plans, expected capital requirements, compliance with the Company's constating documents, all applicable laws, including the rules and policies of any applicable stock exchange, as well as any contractual restrictions on such dividends, including any agreements entered into with lenders to the Company, and any other factors that the Board of Directors deems appropriate at the relevant time. There can be no assurance that any dividends will be paid at the intended rate or at all in the future. Attachment * 210111 - NR - Dividend Record Date - vF

  • Endeavour and Teranga Announce Receipt of Interim Court Order and Mailing of Joint Information Circular
    GlobeNewswire

    Endeavour and Teranga Announce Receipt of Interim Court Order and Mailing of Joint Information Circular

    ENDEAVOUR AND TERANGA ANNOUNCE RECEIPT OF INTERIM COURT ORDER AND MAILING OF JOINT INFORMATION CIRCULARGeorge Town & Toronto, December 21, 2020 – Endeavour Mining Corporation (TSX:EDV) (OTCQX:EDVMF) (“Endeavour”) and Teranga Gold Corporation (TSX:TGZ) (OTCQX:TGCDF) (“Teranga”) are pleased to announce that they have filed the joint management information circular (the “Circular”) in connection with the extraordinary general and special meetings of Endeavour and Teranga, each scheduled to be held on January 21, 2021 (the “Meetings”). The purpose of the Meetings is to seek approval for the proposed acquisition by Endeavour of all the issued and outstanding securities of Teranga by way of a plan of arrangement under the Canada Business Corporations Act (the “Transaction”), amongst other matters, as previously announced on November 16, 2020.In connection with the Transaction, Endeavour and Teranga are also pleased to announce the receipt of an interim order from the Ontario Superior Court which was obtained on December 17, 2020.The Transaction has been unanimously approved by the boards of directors of Endeavour and Teranga, and each board of directors, after having received financial and legal advice, recommends that shareholders of each company VOTE FOR the matters put before them at the Meetings.The Meetings will be held at 9:30 a.m. (Eastern Time) on January 21, 2021. In response to the global COVID-19 pandemic, Endeavour and Teranga will be convening and conducting virtual-only Meetings via live audio webcasts. All shareholders who wish to attend the virtual Meetings must follow the procedures set out in the Circular.  Shareholders will have an equal opportunity to participate online, regardless of geographic location or particular constraints, circumstances or risks due to the COVID-19 pandemic.Shareholders who are unable to attend the virtual Meetings are strongly encouraged to complete, date, sign and return the form of proxy (in the case of registered shareholders) or voting instruction form (in the case of non-registered shareholders) provided with the meeting materials so that as many shareholders as possible are represented at the Meetings.Shareholders of Endeavour and Teranga should receive materials for the Meetings by mail shortly. The materials for the Meetings are also available on each company’s profile on SEDAR.For any questions or assistance with voting their proxies, shareholders should contact Kingsdale Advisors, the joint proxy solicitation agent of Endeavour and Teranga, by telephone at 1-855-682-2019 (+1-416-867-2272 for collect calls outside North America) or by email at contactus@kingsdaleadvisors.com.ABOUT ENDEAVOUREndeavour is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea.   As a leading gold producer, Endeavour is committed to principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV.For more information about Endeavour, please visit www.endeavourmining.com.ABOUT TERANGATeranga is a multi-asset mid-tier gold producer focused on West Africa, operating two mines (Sabodala-Massawa and Wahgnion) in Senegal and Burkina Faso, and advancing prospective exploration properties across West Africa. Through its continued success and commitment to responsible mining, Teranga creates sustainable value for all stakeholders and acts as a catalyst for social, economic, and environmental development. Teranga is listed on the Toronto Stock Exchange, under the symbol TGZ.For more information about Teranga, please go to www.terangagold.com.  CONTACT INFORMATIONFor further information, please contact:Endeavour Mining CorporationMartino De Ciccio VP – Strategy & Investor Relations +44 203 640 8665 mdeciccio@endeavourmining.comVincic Advisors in Toronto John Vincic, Principal (647) 402 6375 john@vincicadvisors.com Brunswick Group LLP in London Carole Cable, Partner +44 7974 982 458 ccable@brunswickgroup.com   Teranga Gold CorporationTrish Moran VP,  IR & Corporate Communications +1 416 607 4507 tmoran@terangagold.com    The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATIONThis press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Endeavour and Teranga with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding) expectations with respect to the timing and location of the Meetings.Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour’s and Teranga’s respective management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour and Teranga believe that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour and Teranga have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour and Teranga do not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.Attachment * 201221-NR-Joint_Circular_vf