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Endeavour to Announce Its Q2 and Half Year 2025 Results on 31 July 2025
Globenewswire· 2025-07-01 05:30
Core Viewpoint - Endeavour Mining plc is set to announce its Q2 and Half Year 2025 financial results on July 31, 2025, before the London Stock Exchange market opens [1]. Group 1: Financial Results Announcement - The financial results will be released on Thursday, July 31, 2025 [1]. - A conference call and webcast will be held on the same day at 8:30 am EDT/1:30 pm BST to discuss the results [1]. Group 2: Conference Call Details - The conference call will be accessible at different times: 5:30 am in Vancouver, 8:30 am in Toronto and New York, 1:30 pm in London, and 8:30 pm in Hong Kong and Perth [2]. - Participants can register for the conference call via a provided link [2]. - The webcast will be available for playback on Endeavour's website [2]. Group 3: Contact Information - For investor relations inquiries, the Vice President of Investor Relations can be contacted at +44 203 011 2723 [3]. - Media inquiries can be directed to Carole Cable at Brunswick Group LLP in London [3].
Endeavour Announces Completion of US$500 Million Senior Notes Offering and Results of Tender Offer
Globenewswire· 2025-05-29 16:41
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS. ENDEAVOUR ANNOUNCES COMPLETION OF US$500 MILLION SENIOR NOTES OFFERING AND RESULTS OF TENDER OFFER London, 29 May 2025 – Endeavour Mining plc ((LSE:EDV, TSX:EDV, OTCQX:EDVMF) (the “Company”) is pleased to announce that it has completed its previously ...
Endeavour Announces Results of Annual General Meeting 2025
Globenewswire· 2025-05-23 05:33
Core Points - Endeavour Mining plc announced that all resolutions at the annual general meeting held on May 22, 2025, were passed by shareholders [2][3] Voting Results - The resolution to receive the 2024 Annual Report received 99.99% approval with 176,125,066 votes for and only 24,217 against [2] - Alison Baker was re-elected as a Director with 97.86% approval, totaling 172,530,626 votes for and 3,781,331 against [2] - The re-election of Patrick Bouisset as a Director garnered 99.87% approval, with 176,089,288 votes for [2] - Ian Cockerill's re-election as a Director received 99.89% approval, totaling 176,092,874 votes for [2] - Cathia Lawson Hall was re-elected as a Director with 94.12% approval, receiving 165,943,922 votes for [2] - Livia Mahler's re-election as a Director received 98.70% approval, totaling 174,016,670 votes for [2] - Sakhila Mirza was re-elected as a Director with 99.96% approval, receiving 176,241,478 votes for [2] - John Munro's re-election as a Director received 99.98% approval, totaling 176,275,331 votes for [2] - Naguib Sawiris was re-elected as a Director with 99.88% approval, receiving 176,106,435 votes for [2] - Srinivasan Venkatakrishnan's re-election as a Director received 98.84% approval, totaling 174,262,580 votes for [2] - BDO LLP was reappointed as auditors with 99.98% approval, totaling 179,901,158 votes for [2] - The Directors' Remuneration Policy was approved with 81.67% approval, receiving 143,048,709 votes for [2] - The Directors' Remuneration Report received 98.53% approval, totaling 173,549,067 votes for [2] - The authority to purchase own shares received 99.98% approval, with 176,164,397 votes for [3] Company Overview - Endeavour Mining is one of the world's senior gold producers and the largest in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso [5][6] - The company is committed to responsible mining and delivering value to society [6]
Endeavour announces pricing of US$500.0 million 5-year senior notes
Globenewswire· 2025-05-21 18:50
Core Viewpoint - Endeavour Mining plc has announced the pricing of a US$500.0 million offering of fixed rate senior notes due 2030 as part of its refinancing strategy [2][4]. Group 1: Offering Details - The offering consists of US$500.0 million fixed rate senior notes with a maturity date of 28 May 2030 [2][3]. - The interest rate on the notes is set at 7.000% per annum, payable semi-annually [3]. - The expected settlement date for the notes is around 28 May 2025, subject to customary conditions [3]. Group 2: Use of Proceeds - Proceeds from the notes will be used to finance the purchase of existing US$500.0 million senior notes due 2026, which are being tendered as part of a cash tender offer [4]. - Additional proceeds will cover fees and expenses related to the transactions [4]. Group 3: Financial Flexibility - The issuance of the notes will extend the maturity of the company's existing debt structure, thereby providing increased financial flexibility [5]. Group 4: Company Overview - Endeavour Mining is recognized as one of the world's top gold miners and a leading gold producer in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso [6]. - The company is a member of the World Gold Council and is committed to responsible mining practices and sustainable value creation for stakeholders [7].
Endeavour Announces Offering of $500 million Senior Notes due 2030
Globenewswire· 2025-05-19 07:59
Company Overview - Endeavour Mining plc is one of the world's top gold miners and a leading gold producer in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso [3] - The company has a strong portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt across West Africa [3] - Endeavour Mining is a member of the World Gold Council and is committed to responsible mining and sustainable value delivery to stakeholders and communities [4] Offering Details - Endeavour Mining has announced an offering of $500 million in fixed rate senior notes due 2030 [1] - The proceeds from the offering will be used to finance the purchase of the company's existing $500 million senior notes due 2026 and to cover related fees and expenses [2]
Endeavour Announces Offer to Purchase for Cash any and all Senior Notes Due 2026
Globenewswire· 2025-05-19 07:53
Company Overview - Endeavour Mining plc is one of the world's top gold miners and a leading gold producer in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso, and a strong portfolio of development and exploration assets in the Birimian Greenstone Belt [37]. Offer Details - Endeavour Mining has launched an offer to purchase any and all of its outstanding 5.000% Senior Notes due 2026, totaling U.S.$500 million, at a purchase price of 100.00% of the principal amount [4][7]. - The offer will expire at 5:00 p.m. (New York City time) on May 28, 2025, unless extended or terminated by the Offeror [2]. - The purchase of the Notes is expected to be financed through the issuance of new U.S.$-denominated senior notes, subject to market conditions [7][13]. Financial Conditions - The Offer is conditioned upon the successful completion of the offering of the New Notes, which must result in sufficient net proceeds to fund the purchase of the tendered Notes [8][13]. - The Offeror will also pay accrued and unpaid interest on the Notes accepted for purchase, with the Settlement Date expected to be no later than May 30, 2025 [5]. Investor Considerations - The Offeror intends to give preference in the allocation of the New Notes to investors who have tendered or indicated a firm intention to tender their Notes [9]. - The Offeror reserves the right to extend, re-open, withdraw, or terminate the Offer at any time [11]. Future Actions - If any Notes remain outstanding after the Offer, the Offeror expects to redeem them in full on or after October 14, 2025, subject to certain conditions [15]. - The Offeror may continue to acquire outstanding Notes through various means, including open market purchases or other transactions [16].
Endeavour Reports Strong Q1-2025 Results
Globenewswire· 2025-05-01 06:00
Core Viewpoint - Endeavour Mining plc reported strong operational and financial results for Q1-2025, with significant increases in adjusted EBITDA, free cash flow, and net earnings, while maintaining a robust balance sheet and enhancing shareholder returns. Operational and Financial Highlights - Q1-2025 adjusted EBITDA reached $613 million, a 12% increase from Q4-2024 [6] - Record free cash flow of $409 million was generated, up 53% from Q4-2024 [6] - Gold production totaled 341,000 ounces at an all-in sustaining cost (AISC) of $1,129 per ounce, slightly down from Q4-2024 [6][17] - Adjusted net earnings were $219 million, or $0.90 per share, reflecting a 99% increase over Q4-2024 [6][64] - Operating cash flow before changes in working capital was $592 million, a 66% increase from Q4-2024 [6][31] Shareholder Returns - The company paid a record dividend of $140 million for H2-2024 and has committed to a minimum dividend of $225 million for FY-2025 [6][25] - Total shareholder returns for FY-2024 amounted to $277 million, with $37 million in share buybacks [12][25] - Year-to-date, Endeavour has completed over $52 million in share buybacks, exceeding the total buybacks from FY-2024 [12][25] Financial Position - Net debt was reduced by over $350 million to $378 million, with a net debt to adjusted EBITDA ratio improved to 0.22x [6][41] - The company generated $775 million in free cash flow over the past three quarters following the completion of its growth phase [10] Production Insights - The Houndé mine produced 92,000 ounces, while total cash costs decreased to $751 per ounce [17][68] - The company remains on track to achieve its FY-2025 production guidance of 1,110 - 1,260 thousand ounces [17] Future Outlook - The Assafou project is on schedule for completion between late-2025 and early-2026, with ongoing exploration efforts [6][13] - The company aims to maximize free cash flow and enhance shareholder returns while capitalizing on favorable gold price conditions [14]
ENDEAVOUR PUBLISHES NOTICE OF ANNUAL GENERAL MEETING
Globenewswire· 2025-04-17 16:16
Core Points - Endeavour Mining plc has announced its 2025 Annual General Meeting (AGM) scheduled for 22 May 2025 at 2 pm London time / 9 am Toronto time [1] - The Notice of AGM, including the Management Information Circular and Form of Proxy, has been made available to shareholders and submitted to the Financial Conduct Authority [2] - The AGM will be held in person at One Silk Street, London, and shareholders can participate via a live audio webcast and Q&A messaging function [3] Company Information - The AGM will provide shareholders with the opportunity to vote or appoint a proxy, with detailed instructions included in the Notice of AGM [3] - Contact information for investor relations and media inquiries has been provided, including a Vice President of Investor Relations and a media partner from Brunswick Group [4]
Endeavour to Announce Its Q1 2025 Results on 1 May 2025
Globenewswire· 2025-04-14 06:00
Core Viewpoint - Endeavour Mining plc is set to announce its Q1 2025 financial results on May 1, 2025, before the London Stock Exchange market opens [1] Group 1: Financial Results Announcement - The financial results will be released on Thursday, May 1, 2025 [1] - A conference call and webcast will be held on the same day at 8:30 am EST / 1:30 pm BST to discuss the results [1][2] Group 2: Conference Call Details - The conference call will be accessible at different times: 5:30 am in Vancouver, 8:30 am in Toronto and New York, 1:30 pm in London, and 9:30 pm in Hong Kong and Perth [2] - A link for the webcast is provided for participants [2] - Analysts and investors can register for the conference call via a specific link [3] Group 3: Contact Information - For investor relations inquiries, the Vice President of Investor Relations can be contacted at +44 203 011 2723 or via email [4] - Media inquiries can be directed to Carole Cable at Brunswick Group LLP in London [4]