- Endeavour Mining (LSE:EDV, TSX:EDV) purchased 20,000 shares in a recent buyback transaction.
- Shares were acquired at a volume-weighted average price of 2,280.41 GBp.
- The company will have 241,900,346 shares outstanding after cancellation of the repurchased shares.
Endeavour Mining (EDV), a notable gold producer, has conducted a share buyback transaction on June 19, 2025, acquiring 20,000 ordinary shares as part of its ongoing buyback program announced on March 20, 2024. The shares were purchased at prices ranging between 2,276.00 and 2,284.00 GBp, with a volume-weighted average price settling at 2,280.41 GBp.
Following the cancellation of these repurchased shares, the company will have a total of 241,900,346 ordinary shares in circulation, with no shares held in treasury. Stifel Nicolaus Europe Limited executed the multiple trades on the London Stock Exchange on behalf of Endeavour Mining.
This buyback move underscores Endeavour Mining's confidence in its stock value, potentially increasing earnings per share for existing shareholders by reducing the share count. The transaction signifies strategic financial management, although it temporarily reduces the company's cash reserves available for other operations or investments.
