ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES

London, 30 September 2024

Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) announces it has purchased 25,000 of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited.

Aggregated Information

Dates of purchase: 27 September 2024

Aggregate number of ordinary shares of USD 0.01 each purchased: 25,000

Lowest price paid per share (GBp): 1,866.40

Highest price paid per share (GBp): 1,866.40

Volume weighted average price paid per share (GBp): 1,866.40

Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 244,505,934 ordinary shares in issue.

Endeavour Mining plc’s decision to buy back its own shares signals confidence in the company’s performance and future growth prospects. By reducing the number of outstanding shares, the company is effectively increasing the ownership stake of existing shareholders. This move can also potentially boost the company’s earnings per share and share price over time.

For individual investors, this announcement may have varying effects depending on their current holdings in Endeavour Mining plc. If an investor owns shares in the company, the buyback could lead to a rise in the value of their holdings as the company’s shares become scarcer in the market. On the other hand, if an investor is looking to buy shares in the company, the reduced number of shares available may lead to a higher purchase price.

On a broader scale, Endeavour Mining plc’s share buyback may impact the overall stock market sentiment. Positive news from a company like Endeavour Mining plc can boost investor confidence in the mining sector as a whole, leading to potential increases in share prices for other mining companies. Additionally, a successful share buyback program can enhance the company’s reputation among investors and stakeholders, further bolstering its position in the market.

Conclusion

Overall, Endeavour Mining plc’s transaction in its own shares reflects a strategic decision to optimize capital structure and enhance shareholder value. The buyback demonstrates the company’s commitment to driving long-term growth and maximizing returns for its investors. Whether you are a current shareholder or considering investing in the company, it’s essential to monitor how this transaction unfolds and its impact on Endeavour Mining plc’s financial performance and market position.