Endeavour Mining: African Gold At A Discount
2026-03-19 10:30:00 ET
Introduction
Endeavour Mining ( EDV:CA ) ( EDVMF ) is the largest gold producer in West Africa with a total output of around 1.2 million ounces and a relatively low-cost structure (but operating expenses are increasing). At the current gold price, the company’s net sustaining margin on the mine operating level should be around $3,300/oz, resulting in close to $4B in net operating mine cash flow. This means Endeavour Mining has a good shot at reporting a record free cash flow result, even after deducting overhead expenses, net finance costs, and taxes. As the company is only active in West Africa , it is trading at a relatively low multiple compared to its peers that are focusing on Tier-1 jurisdictions. ...
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Endeavour Mining: African Gold At A Discount
NASDAQ: EDV:CC
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