Endeavour Mining: Higher Gold Price Saves A Satisfactory Quarter Operationally

Endeavour Mining: Higher Gold Price Saves A Satisfactory Quarter Operationally

Summary

Endeavour Mining released its Q3 results this week and reported quarterly gold production of 244,000 ounces, up 35% year over year.

However, gold production was down at most of the company’s primary operations, with the increase in gold production mostly tied to the addition of the new Semafo assets.

Fortunately, the company remains on track to meet its FY2020 guidance of 995,000 to 1.09 million ounces, given that Q4 should be a much stronger quarter.I continue to see Endeavour as attractive from a valuation basis, especially given its strong organic growth profile and recently announced new dividend.We’re more than three-quarters of the way through the Q3 Earnings Season for the Gold Miners Index ( GDX ), and Endeavour Mining ( OTCQX:EDVMF ) is the most recent name to report its results. On the surface, the company had a solid quarter with gold production up considerably year over year, but it was […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet