Latest news with #EndeavourMining
Business Insider
13-06-2025
- Business
- Business Insider
Junta-led Burkina Faso nationalises five gold mining assets
Burkina Faso has officially completed the handover of five gold mining assets to its state-owned mining company. Burkina Faso finalized the transfer of five gold mining assets to its state-owned mining company SOPAMIB. The reforms raised the country's free-carried equity stake in gold mining projects from 10% to 15%. Assets included two operating mines and three exploration licenses formerly owned by entities of Endeavour Mining and Lilium. Burkina Faso has officially completed the handover of five gold mining assets to its state-owned mining company, marking a significant step in the country's push for greater control over its natural resources. The transfer, confirmed through a decree published late Wednesday, concludes a process initiated in August 2023. As part of the reforms, Burkina Faso recently increased its free-carried equity stake in key gold mining projects from 10% to 15%, reinforcing its commitment to securing a larger share of the country's mineral wealth. To manage these newly acquired strategic assets, the government established the Société de Participation Minière du Burkina (SOPAMIB), which will be responsible for owning, operating, and overseeing key mining operations across the country, Reuters reported. The five assets transferred to Burkina Faso's state ownership include two operating gold mines and three exploration licenses previously held by subsidiaries of London-listed Endeavour Mining and Lilium. These include Wahgnion Gold SA, SEMAFO Boungou SA, Ressources Ferké SARL, Gryphon Minerals Burkina Faso SARL, and Lilium Mining Services Burkina Faso SARL. A planned sale of Endeavour's assets to Lilium had stalled, prompting the government to intervene and take control, further cementing its push for a greater national stake in strategic mining operations. Burkina Faso's status as a gold producer has grown significantly over the past two decades, making it one of Africa's leading gold-producing countries. The nation ranks fourth in gold production after Ghana, South Africa, and Sudan. Gold is Burkina Faso's most valuable export, contributing over 70% of export earnings and serving as a cornerstone of its economy. Burkina Faso follows Mali and Niger's path Burkina Faso is following the lead of regional peers Mali and Niger by tightening control over its extractive industries, aiming to boost state revenues amid a 27% surge in gold prices this year. The government has signalled plans to push ahead with nationalization efforts, arguing they will yield greater economic benefits for the country. However, the shift has raised concerns among Western investors, including Canada's IAMGOLD, Russia-linked Nordgold, and Australia's West African Resources Ltd, who worry the reforms may undermine investment certainty and project stability in one of Africa's top gold-producing regions.
TimesLIVE
02-06-2025
- Business
- TimesLIVE
Australia's Perenti secures R12bn mining contract in Burkina Faso
Australia's Perenti said on Monday it will provide underground mining services at London-listed Endeavour Mining's Mana complex in the West African country of Burkina Faso under a A$1.1-billion (R12.76bn) contract.
Yahoo
31-05-2025
- Business
- Yahoo
Estimating The Fair Value Of Endeavour Mining plc (TSE:EDV)
Endeavour Mining's estimated fair value is CA$40.34 based on 2 Stage Free Cash Flow to Equity With CA$42.07 share price, Endeavour Mining appears to be trading close to its estimated fair value Our fair value estimate is 15% lower than Endeavour Mining's analyst price target of US$47.51 Today we will run through one way of estimating the intrinsic value of Endeavour Mining plc (TSE:EDV) by taking the forecast future cash flows of the company and discounting them back to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Believe it or not, it's not too difficult to follow, as you'll see from our example! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF ($, Millions) US$1.06b US$1.13b US$775.4m US$473.1m US$395.1m US$352.4m US$328.4m US$315.2m US$308.7m US$306.5m Growth Rate Estimate Source Analyst x10 Analyst x11 Analyst x7 Analyst x1 Est @ -16.49% Est @ -10.80% Est @ -6.81% Est @ -4.02% Est @ -2.07% Est @ -0.70% Present Value ($, Millions) Discounted @ 7.6% US$985 US$980 US$623 US$353 US$274 US$227 US$197 US$176 US$160 US$148 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$4.1b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.5%. We discount the terminal cash flows to today's value at a cost of equity of 7.6%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$307m× (1 + 2.5%) ÷ (7.6%– 2.5%) = US$6.2b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$6.2b÷ ( 1 + 7.6%)10= US$3.0b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$7.1b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of CA$42.1, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Endeavour Mining as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 0.992. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Endeavour Mining Strength Debt is not viewed as a risk. Weakness Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market. Opportunity Expected to breakeven next year. Has sufficient cash runway for more than 3 years based on current free cash flows. Good value based on P/S ratio compared to estimated Fair P/S ratio. Threat Paying a dividend but company is unprofitable. Although the valuation of a company is important, it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Endeavour Mining, we've compiled three essential items you should consider: Risks: To that end, you should be aware of the 2 warning signs we've spotted with Endeavour Mining . Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for EDV's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every Canadian stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Global Mining Leaders Confirmed to Speak at Resourcing Tomorrow 2025
London, United Kingdom--(Newsfile Corp. - May 28, 2025) - Resourcing Tomorrow, where the world's mining leaders meet, has unveiled the first wave of confirmed speakers for its highly anticipated 2025 return to London, from December 2 to 4. Renowned for attracting the influential leaders shaping the future of mining, this year's conference boasts distinguished individuals as speakers including esteemed Barrick Mining Corp CEO and President, Mark Bristow, and Endeavour Mining Executive Vice President, Sonia Scarselli, amongst others. With the global race to secure minerals and metals intensifying, this year's event will bring together key voices steering the sector forward, from major producers and policymakers to investors and innovators. This year's agenda addresses industry adaptation to shifting global geopolitical dynamics, growing sustainability expectations, and increased urgency around the need for resilient and responsible supply chains. Executives from leading international mining companies will take to the stage to share their perspectives on topics that are most crucial to the sector today. Among the distinguished confirmed speakers are: Mark Bristow, President and CEO, Barrick Mining Corp Sonia Scarselli, Executive Vice President, Endeavour Mining Carol Plummer, Senior Vice President Sustainability People and Culture, Agnico Eagle Mines Evy Hambro, Global Head of Thematic and Sector Investing, BlackRock Bill Cobb, Vice President and Chief Sustainability Officer, Freeport McMoRan Rohitesh Dhawan, President and CEO International Council of Mining and Minerals, ICMM Taylor Melvin, President and CEO, Ivanhoe Electric David Awram, Senior Executive Vice President, Sandstorm Gold Royalties Brent Bergeron, Senior Vice President Corporate Affairs and Sustainability, Pan American Silver Jonathan Cordero, CEO, Saudi Gold Refinery Sir Martin Sorrell, Chairman, S4 Capital and Founder, WPP Sarah Jones, Minister of State Department for Energy Security and Net Zero and Department for Business and Trade, UK Stephen Lecce, Minister of Energy and Mines, Ontario, Canada Alberto Castronovo, Ministry of Enterprises and Made in Italy Geoffrey Pyatt, former Assistant Secretary of State for the Bureau of Energy Resources US Government "We are excited to bring together some of the most senior leaders in the mining industry to share first-hand insights on key challenges such as geopolitical risks, evolving regulatory landscapes, resource security and the operational complexities companies face today," said Nick Rastall, Resourcing Tomorrow Event Director. The event will also feature influential government figures driving policy and regulatory frameworks critical to the sector's future. Together, these leaders will explore strategic dialogues on capital flows, resource security, sustainability and innovation, setting the agenda for the global minerals and metals industry. Resourcing Tomorrow 2025 will host more than 2,000 industry leaders across mining, energy, finance and policy, providing an unrivalled platform to build partnerships, spark ideas and deliver actionable outcomes. With more speakers to be announced in the coming weeks, Resourcing Tomorrow 2025 is set to lead the defining conversations of tomorrow. To register or learn more visit or contact connect@ Contact:Jessica Mockler, Associate Marketing Director, To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27-05-2025
- Business
- Bloomberg
Guinea Takes Endeavour Gold Permits in Latest Round of Removals
Guinea has revoked four gold exploration permits from Endeavour Mining Plc as it continues to reclaim inactive and non-compliant mining rights. The four exploration licenses were granted in 2020 and have not been renewed since, Minister of Mines Bouna Sylla said in a statement read on state-broadcaster Radio Television Guineenne late Monday.
