Endeavour Mining's Significant Share Buyback Announcement

Endeavour Mining Share Buyback Program: An Overview

Endeavour Mining plc, recognized as one of the largest gold producers in West Africa, has made a noteworthy announcement regarding its share buyback program. This initiative enhances the company's commitment to delivering value to its shareholders while solidifying its market position within the mining sector.

Recent Share Buyback Details

Recently, the company disclosed that it has acquired 87,884 ordinary shares at various prices through a transaction conducted by Stifel Nicolaus Europe Limited. Following the process of canceling the bought-back shares, Endeavour will have a total of 244,150,437 shares in circulation. This total will serve as the denominator for voting rights calculations, allowing shareholders to understand their necessary reporting obligations under the FCA's regulations.

Transaction Summary

The aggregate purchase details outline the robust engagement Endeavour Mining has in its financial management strategies, which include:

• Lowest purchase price per share: 1,540.00 GBp
• Highest purchase price per share: 1,644.28 GBp
• Volume weighted average price: 1,611.78 GBp

Implications for Shareholders

With the repurchase actions, Endeavour Mining demonstrates a proactive approach to returning capital to its investors, reinforcing confidence in its operational efficiency and profitability. By canceling these shares, the company aims to optimize earnings per share metrics, providing a concrete benefit to its existing shareholders.

Buyback Program Context

This recent buyback falls under Endeavour's broader strategy, first outlined earlier this year, to balance operational growth with shareholder returns. Such programs are commonly viewed as a sign of corporate strength, especially in favorable economic climates.

Endeavour's Position in the Market

Endeavour Mining is a formidable presence in the gold mining industry, with a portfolio that spans various countries, primarily in West Africa. The company's focus on responsible mining practices positions it as a leader not only in production but also in sustainability.

Commitment to Investors

As a member of the World Gold Council, Endeavour is dedicated to responsible mining practices, ensuring that operations benefit not only its shareholders but also the communities in which it operates. This focus fosters sustainable relationships across all stakeholders and enhances long-term viability in the highly competitive gold market.

Contact Information for Stakeholders

For investor relations inquiries, stakeholders can reach out to:

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

For media inquiries, please contact:

• Brunswick Group LLP in London
• Carole Cable, Partner
• Telephone: +44 207 404 5959
• Email: ccable@brunswickgroup.com

Frequently Asked Questions

What is the recent development regarding Endeavour's shares?

Endeavour Mining has initiated a share buyback program, acquiring 87,884 shares to enhance shareholder value.

What were the purchase prices for the shares?

The shares were bought at prices ranging from 1,540.00 GBp to 1,644.28 GBp, with an average price of 1,611.78 GBp.

What will happen to the shares purchased in the buyback?

After the repurchase, the shares will be canceled, thereby reducing the company's total share count to 244,150,437.

How does this buyback affect voting rights?

The new total of shares will be utilized by shareholders as the basis for calculating voting rights in the company.

Where can I find more information about Endeavour Mining?

For additional details, visit Endeavour Mining’s official website at www.endeavourmining.com.

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