ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES

The Company Makes a Bold Move

London, 12 September 2024 – Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) has recently shaken up the financial world with a significant announcement regarding its own shares. In a surprising move, the Company has purchased 7,000 of its ordinary shares from Stifel Nicolaus Europe Limited. This transaction marks a new chapter for Endeavour, as they continue to make strategic decisions to drive growth and success.

Details of the Transaction

On 11 September 2024, Endeavour Mining plc made the decision to buy back a substantial number of its ordinary shares, each valued at USD 0.01. The lowest price paid per share was 1,588.00 GBp, while the highest price paid per share was 1,610.00 GBp. The volume weighted average price paid per share was 1,598.86 GBp. Following the cancellation of these repurchased shares, the Company will have no ordinary shares left in treasury and a total of 244,612,938 ordinary shares in circulation.

This bold transaction demonstrates Endeavour’s commitment to enhancing shareholder value and optimizing its capital structure. By repurchasing its own shares, the Company is signaling to the market that it believes in its long-term growth prospects and is willing to invest in itself.

How This Transaction Will Affect You

As a current or potential investor in Endeavour Mining plc, this transaction may have a direct impact on your holdings. With the Company’s decision to buy back shares, there is the potential for increased shareholder value and a positive effect on stock prices. Additionally, the move indicates Endeavour’s confidence in its future performance, which may inspire further investor confidence and interest in the company.

How This Transaction Will Affect the World

While this transaction may seem like a small piece of financial news, it has the potential to affect the broader market and economic landscape. Endeavour Mining plc’s decision to repurchase its own shares sends a signal to other companies about the importance of strategic capital management and shareholder value. It could spark a trend of similar buyback initiatives in the industry, impacting the overall stock market and investor sentiment.

Conclusion

In conclusion, Endeavour Mining plc’s transaction in its own shares is not just a financial move – it’s a statement of confidence and ambition. By taking control of its capital structure and investing in its own future, the Company is setting itself up for success and signaling to the world that it is a force to be reckoned with in the mining industry.