Charmingly eccentric, full of personality, and designed for maximum reader engagement

ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES

London, 14 February 2025

Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) announces it has purchased 45,000 of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited. The dates of purchase were on 13 February 2025, with the lowest price paid per share at GBp 1,769.00 and the highest price paid per share at GBp 1,803.66. The volume weighted average price paid per share was 1,784.53 GBp. Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 243,362,697 ordinary shares in issue.

This transaction reflects Endeavour Mining’s confidence in its own financial stability and growth potential. By repurchasing its own shares, the company is demonstrating a commitment to returning value to its shareholders and optimizing its capital structure.

Investors may view this move positively as it could potentially lead to an increase in the company’s earnings per share and share price over time. This buyback could also indicate that the company believes its stock is undervalued, which may attract more investors looking for opportunities in the market.

Overall, Endeavour Mining’s decision to repurchase its own shares is a strategic move aimed at enhancing shareholder value and strengthening its position in the market.

Impact on Me

As an individual investor, the repurchase of shares by Endeavour Mining may have a positive impact on me. If I am a current shareholder of the company, the buyback could lead to an increase in the value of my shares over time. It also signals confidence in the company’s future performance and financial stability, which could potentially attract more investors to the stock.

Impact on the World

Endeavour Mining’s transaction in its own shares may have a broader impact on the world economy and financial markets. The buyback could boost investor confidence in the mining sector, leading to increased investment and growth in the industry. Additionally, this move could set a positive example for other companies looking to optimize their capital structure and enhance shareholder value.

Conclusion

In conclusion, Endeavour Mining’s announcement of the transaction in its own shares is a strategic move that reflects the company’s confidence in its financial stability and growth potential. This decision may have a positive impact on individual investors, as well as the broader world economy by boosting investor confidence in the mining sector.