Exposure To Country Risk: Endeavour Mining EditionItinerant • May. 6, 2013
Endeavour Financial: A Massively Undervalued Gold Investor
Endeavour is a gold producer delivering growth. Endeavour owns two gold mines producing approximately 200,000 ounces per year in Ghana and Burkina Faso that are generating significant operating cash flows to fund exploration and development growth. In addition to upside potential at its current... More
Wednesday, Aug 82012, 11:02 AMEndeavour Mining (EDVMF.PK -14.6%) agrees to buy Avion Gold (AVGCF.PK +27.8%) for $389M, or $0.88/share, a 57% premium to Tuesday's closing price in Toronto. Endeavour says the deal will boost 2012 gold output by ~50%, much of it in West Africa; it now expects to produce 282K-304K oz. of gold this year. |Wednesday, Aug 82012, 11:02 AM| Comment!