Endeavour Mining plc announces that it has entered into a new automatic share purchase agreement with Stifel Nicolaus Europe Limited in relation to its previously announced Normal Course Issuer Bid (“NCIB”), pursuant to which 4,321,531 shares have been repurchased since April 2021, equivalent to CAD 126 million (approximately US$ 101 million).
This agreement amends the existing arrangement which will continue to allow for the purchase of shares of Endeavour, subject to certain trading parameters, at times when Endeavour ordinarily would not be active in the market due to regulatory close periods, its own internal trading black-out periods, insider trading rules or otherwise. Outside of these periods, shares may be repurchased in accordance with management’s discretion and in compliance with applicable law.
Endeavour Mining is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea.
As a leading gold producer, Endeavour Mining is committed to principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV.