Endeavour Mining Buys Back Shares in Weekly Tranche

Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) bought back shares last week under its buy-back programme announced in March. Stifel Nicolaus Europe Limited executed the purchases of ordinary shares, each with a nominal value of USD 0.01.

The company disclosed the transaction in a regulatory filing Monday. The buy-back programme, announced on 20 March 2026, allows Endeavour to repurchase shares on the open market. The table attached to the filing lists individual trades from the week commencing 11 June 2026, broken down by date, volume, and price.

Endeavour, a gold producer with operations in West Africa, has used buy-backs as a capital-return tool alongside dividends. The company reported production of 1.1 million ounces in 2025 and has guided for 1.15–1.25 million ounces this year. Gold prices have held above USD 2,300 an ounce through the second quarter, supporting cash flow for shareholder returns.

The buy-back comes as gold miners face rising cost pressures from labour and energy inputs. Endeavour's all-in sustaining cost guidance of USD 1,050–1,100 per ounce leaves room for buy-backs at current gold prices, analysts have noted. The company's net debt stood at USD 450 million at the end of the first quarter, giving it balance-sheet capacity for the programme.

Stifel Nicolaus Europe Limited, the executing broker, purchased shares across multiple trading sessions. The full breakdown of individual trades is available in the regulatory filing. Endeavour has not indicated whether it will extend the buy-back beyond its current mandate.