Endeavour’s Q122 adjusted net EPS from continuing operations were within 4% of our prior estimate, at US$0.49/share, with gold sold exceeding our forecasts by 7%, led by outperformance at the company’s flagship assets, Hounde, Ity and Sabodala-Massawa. In the wake of these first quarter results, we have revised our earnings estimates for the company – in this case downwards (see Exhibit 4), albeit the reductions reflect non-operational issues such as 1) a downward revision to the gold price, 2) ....
17 May 2022
Endeavour Mining - A strong opening
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Endeavour Mining - A strong opening
Endeavour Mining PLC (EDV:LON) | 1,610 0 0.0% | Mkt Cap: 3,947m
- Published:
17 May 2022 -
Author:
Lord Ashbourne -
Pages:
11
Endeavour’s Q122 adjusted net EPS from continuing operations were within 4% of our prior estimate, at US$0.49/share, with gold sold exceeding our forecasts by 7%, led by outperformance at the company’s flagship assets, Hounde, Ity and Sabodala-Massawa. In the wake of these first quarter results, we have revised our earnings estimates for the company – in this case downwards (see Exhibit 4), albeit the reductions reflect non-operational issues such as 1) a downward revision to the gold price, 2) ....