Endeavour Mining plc Announces Transaction in Own Shares

LSE:EDV, TSX:EDV

London, 6 September 2024 – Endeavour Mining plc (“the Company”) has revealed that it recently purchased 9,700 of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited. The transaction took place on 5 September 2024.

The lowest price paid per share was recorded at GBp 1,520.97 while the highest price paid per share was the same at GBp 1,520.97. The volume-weighted average price paid per share stood at GBp 1,520.97.

Following the cancellation of the repurchased shares, the Company’s treasury will hold no ordinary shares, leaving 244,625,938 ordinary shares in circulation.

What This Means for You

As a shareholder in Endeavour Mining plc, this transaction could potentially impact the value of your holdings. By reducing the number of outstanding shares, the Company may aim to increase the value of its remaining shares over time. However, market reactions to share buybacks can vary, so it is advisable to keep an eye on the company’s performance in the stock market.

Global Implications

On a global scale, Endeavour Mining’s buyback of its own shares may signal confidence in the company’s financial position and future growth prospects. This move could also contribute to overall market stability and investor confidence in the mining industry.

Conclusion

Endeavour Mining’s recent transaction in own shares demonstrates its commitment to maximizing shareholder value and strengthening its position in the market. By carefully managing its outstanding shares, the company aims to create long-term benefits for both investors and the industry as a whole.