ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES

London, 11 February 2025

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

Aggregated information:

Dates of purchase: 10 February 2025

Aggregate number of ordinary shares of USD 0.01 each purchased: 12,200

Lowest price paid per share (GBp): 1,719.49

Highest price paid per share (GBp): 1,761.00

Volume weighted average price paid per share (GBp): 1,747.89

Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 243,490,497 ordinary shares in issue.

Endeavour Mining plc’s decision to purchase its own shares is a strategic move that can have various implications. Companies often buy back their own shares as a way to show confidence in the business, increase shareholder value, or reduce the number of outstanding shares.

Share buybacks can also indicate that a company believes its stock is undervalued, which could be seen as a positive sign for investors. Additionally, reducing the number of outstanding shares can help to boost earnings per share and make the remaining shares more valuable.

On the other hand, some critics argue that share buybacks are a short-term financial engineering tactic that may not always benefit the company in the long run. It can also limit the company’s ability to invest in research, development, or other growth opportunities.

Impact on me:

As a shareholder of Endeavour Mining plc, the share buyback could potentially lead to an increase in the value of my remaining shares as the company reduces the number of outstanding shares. This move may also signal confidence in the company’s future prospects, which could bode well for my investment.

Impact on the world:

From a broader perspective, Endeavour Mining plc’s share buyback could impact the financial markets and investor sentiment. Positive news from a company can often have a ripple effect on the industry as a whole, boosting confidence and potentially driving up stock prices across the sector.

Conclusion:

Overall, Endeavour Mining plc’s transaction in its own shares is a significant development that could have both short-term and long-term implications for the company, its shareholders, and the wider financial markets. It will be interesting to see how this move plays out in the weeks and months ahead.