Endeavour Mining's Recent Share Buyback Strategy Explained

Endeavour Mining Announces Share Buyback Initiative

Endeavour Mining plc is taking significant steps in managing its capital structure with a newly announced buyback of its ordinary shares. This strategic move signals the Company’s commitment to enhancing shareholder value while navigating the competitive landscape of the gold production industry.

Details of the Buyback Transaction

In a recent announcement, Endeavour Mining revealed that it has purchased 4,000 ordinary shares, each valued at USD 0.01, from Stifel Nicolaus Europe Limited. This transaction, finalized on May 9, 2025, was executed at a price of 2,161.61 GBp per share, which aligns with the Company’s ongoing buyback program launched in March 2024.

This process involves repurchasing shares, which can be a beneficial approach for companies looking to optimize their balance sheets and return excess cash to investors. Following the cancellation of these shares, Endeavour Mining will not hold any shares in treasury, resulting in a total of 241,550,120 ordinary shares issued. This number serves as the denominator for shareholders to consider when evaluating their interests and compliance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Importance of the Buyback Program

Share buybacks can positively influence share values, as they reduce the total number of shares available, thereby increasing earnings per share (EPS). Endeavour Mining’s program is strategically designed to signal confidence in its financial standing and investment potential. The management believes that this approach can deliver sustainable value to both shareholders and the market at large.

Understanding the Buyback Context

Endeavour Mining operates in West Africa's competitive gold production market, proudly maintaining its status as one of the region’s leading producers. Buyback programs like the one announced can not only introduce more liquidity into the market but can also reflect a company’s confidence in its growth trajectory. The success of the ongoing buyback reinforces Endeavour Mining's financial strength and optimistic outlook.

Implications for Stakeholders

With this transaction, shareholders find a renewed sense of trust in Endeavour Mining's commitment to creating value. Investors often view buybacks as a signal of robust operational performance, indicating that the Company believes its shares are undervalued. As the market evolves, Endeavour Mining aims to provide stakeholders with clarity on how its share buyback program aligns with its overall business strategy.

The Role of Investment Firms

The involvement of investment firms like Stifel Nicolaus Europe Limited in these transactions is noteworthy. Their expertise facilitates effective execution of such buyback programs, ensuring that purchases align with market conditions and shareholder expectations. Endeavour Mining's partnership with seasoned investment firms enhances its transactional capabilities.

Contact Information for Stakeholders

For any inquiries related to investor relations or media coverage regarding Endeavour Mining’s initiatives, stakeholders can reach out to:

Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com

For media inquiries, contact Carole Cable at Brunswick Group LLP in London at + 44 207 404 5959 or ccable@brunswickgroup.com.

About Endeavour Mining

Endeavour Mining plc stands as one of the leading gold producers globally, particularly in West Africa. The Company’s operational reach extends across several countries, including Senegal and Cote d’Ivoire. It has established itself not only as a prominent player in the market but also as a responsible entity dedicated to delivering sustainable practices.

Engaging in sustainable mining is at Endeavour’s core, adhering to the principles outlined by the World Gold Council. This commitment extends beyond just financial performance to encompass social responsibility and the well-being of the communities in which it operates. Endeavour's active involvement in diverse development projects showcases its vision for a prosperous future.

Frequently Asked Questions

What is Endeavour Mining's recent share buyback announcement?

The Company announced that it has repurchased 4,000 ordinary shares from Stifel Nicolaus Europe Limited as part of its buyback program.

Why is the buyback program significant?

The program indicates the Company's confidence in its value and aims to enhance shareholder returns by reducing the total number of shares available on the market.

When was the share buyback finalized?

The share repurchase transaction was completed on May 9, 2025.

Who can I contact for more information about Endeavour Mining?

Stakeholders can contact Jack Garman for investor relations or Carole Cable for media inquiries.

What markets do Endeavour Mining operate in?

Endeavour Mining is active in various regions across West Africa, including countries like Senegal, Cote d’Ivoire, and Burkina Faso.

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