Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent en

Endeavour International Corporation

Publié le 05 décembre 2011

Mining Merger With Adamus Resources Has Become Effective

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
Mots clés associés :   Burkina Faso | Ghana | Monaco |

To view this email as a web page, go here.

Endeavour Mining
Endeavour Mining Merger With Adamus Resources Has Become Effective, Financial Restructuring Completed And Admission To Asx Trading

December 5, 2011

  • Creation of a growth focused West African gold production and exploration company
  • Combined management team implemented
  • 55% reduction of Nzema hedge book volume
  • Availability of US$200 million corporate loan facility 
  • Repayment of US$57 million Nzema project loan
  • Listed on TSX and start trading on ASX on December 6, 2011
Monaco - Endeavour Mining Corporation (TSX:EDV)  (ASX:EVR) is pleased to announce that the scheme of arrangement relating to the merger ("Merger") between Endeavour and Adamus Resources Limited ("Adamus") has become effective resulting in the creation of a growth focused West African gold production and exploration company.

The management team and board of directors of Endeavour now include management and board members from Adamus.  Neil Woodyer remains as the CEO and, effective today, Mark Connelly (Adamus' former Managing Director) is leading the operational management teams as COO.  Mark Connelly, Martin Reed and Dr. Antony Harwood have been appointed to the Endeavour board of directors, which is now comprised of seven directors.

Endeavour is also pleased to announce that it has reduced the hedge book at its Nzema Mine in Ghana following the elimination of the hedge book at its Youga Mine in Burkina Faso announced on November 29, 2011.  The Nzema hedging program covered 255,000 ounces at a fixed price of $1,061.75 per ounce and Endeavour has reduced this by 139,000 ounces, or 55%, for a cash settlement amount of US$96.7 million.  The remaining hedge book volume of 116,000 ounces (with the $1,061.75 fixed price) has been re-profiled with quarterly deliveries with 10,000 ozs during 2012 and 2013, and 32,000 ozs during 2014, 2015, and 2016.

Endeavour has drawn US$100 million of its new US$200 million four-year revolving corporate loan facility from UniCredit Bank AG to fully repay the US$57 million Nzema project loan and provide a cash balance of approximately US$100 million following these transactions, which will provide strong liquidity and flexibility to Endeavour.   The undrawn US$100 million is available for general corporate purposes, capital expenditures and acquisitions.

Neil Woodyer, CEO, stated: "Significant work by the combined Endeavour and Adamus teams has gone into this merger and the integration of our companies.  As planned, we have moved quickly to implement the new management structure, repay the Nzema project loan, and significantly reduce the Nzema hedge book.  With less than 6% of our attributable 2.0 million reserve ounces hedged, we have greatly improved our exposure to the price of gold and our attractiveness as a gold producer in the marketplace.  I would like to thank everyone involved for their hard work and our shareholders for their continuing support.  We look forward to demonstrating the value and potential of the bigger and better Endeavour Mining."

Endeavour anticipates issuing a maximum of 129,341,319 shares as consideration under the Merger in exchange for shares of Adamus on December 19, 2011 and resulting in approximately 244,494,000 shares issued and outstanding.  Endeavour CDIs are scheduled to commence trading on the ASX under the ASX symbol "EVR" on a deferred settlement basis on December 6, 2011 and are expected to commence trading on a normal settlement basis on or about December 20, 2011.

About Endeavour Mining Corporation
Endeavour is a growth focused West African gold production and exploration company led by an accomplished management team.  With attributable reserves totalling 2.0 million ounces, Endeavour is currently producing gold at a rate of 180,000 ounces per year from two operating mines (Nzema in Ghana and Youga in Burkina Faso).  With a near-term mine construction decision (Agbaou, C�te d'Ivoire) and an extensive 2012 exploration program, Endeavour's goal is to produce approximately 250,000 ounces of gold per year from the end of 2013 from existing properties.  Endeavour also has an acquisition growth strategy focused on West Africa and is targeting the acquisition of additional gold production by the end of 2013.

Endeavour Mining Corporation is listed on the TSX (symbol EDV) and was admitted to the ASX (symbol EVR) on December 5, 2011.

On behalf of Endeavour Mining Corporation
"Neil Woodyer"

Neil Woodyer
Chief Executive Officer

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of Endeavour Mining Corporation. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Corporation's filings with the appropriate securities commissions.
For additional information, please contact:

Stephen Roberts, Senior Vice President - Investor Relations
Ph: 604.609.6130

Vanguard Shareholder Solutions
Ph: 604.608.0824
Toll Free: 866.341.4111 
Vanguard Solutions
Données et statistiques pour les pays mentionnés : Burkina Faso | Ghana | Monaco | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Burkina Faso | Ghana | Monaco | Tous

Endeavour International Corporation

ISIN : US29259G2003
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
de Marché
Projets & res.
de Presse
Profile actifs
Contactez la cie

Endeavour est une société développant des projet miniers et de pétrole basée aux Etats-Unis D'Amerique.

Endeavour est en développement de projets de gaz en U.k., et détient divers projets d'exploration en Norvege.

Son principal projet en développement est COLUMBUS en U.k. et ses principaux projets en exploration sont NOATUN et ROCHELLE DISCOVERY en Norvege.

Endeavour est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 7,3 millions US$ (5,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 janvier 2012 à 9,99 US$, et son plus bas niveau récent le 10 octobre 2014 à 0,15 US$.

Endeavour possède 47 200 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
Dans les médias de Endeavour International Corporation
03/09/2010Endeavour Merchant Bank Becomes Gold Producer
Financements de Endeavour International Corporation
11/07/2016Closes C$144 million Bought Deal Financing
Nominations de Endeavour International Corporation
03/10/2016appoints two new independent non-executive directors
05/06/2013Mining Reports Election Of Directors
02/04/2013Mining Appoints Ian Henderson to Board of Directors
22/03/2013Mining Announces Director Resignation Following Integration ...
08/06/2012Mining Appoints VP Investor Relations
07/11/2008announces resignation of U.S Global and appointment of new c...
Rapports Financiers de Endeavour International Corporation
21/04/2016and True Gold Shareholders Approve Acquisition Transaction
06/11/2013Announces 2013 Third Quarter Financial and Operational Resul...
06/08/2013Announces 2013 Second Quarter Financial and Operational Resu...
30/07/2013Schedules 2013 Second Quarter Conference Call and Web Cast
09/05/2012Mining Delivers Strong First Quarter Results Including 49,53...
14/03/2012Mining Reports 2011 Financial Results
14/03/2012Mining Reports 2011 Financial Results And Demonstrates Signi...
10/08/2011Mining Reports Q2 2011 Cash Flow From Mine Operations
13/06/2011Mining Reports Q1 2011 Cash Flow From Mine Operations
22/03/2011Mining Reports Net Income Of $9.6 Million
22/08/2008Release Financial Results
Projets de Endeavour International Corporation
26/04/2016Completes Acquisition of True Gold
27/01/2014Mining Declares Commercial Production at Agbaou and Signs Co...
29/11/2013Mining Pours First Gold Bar at Agbaou Mine Ahead of Schedule
13/11/2013Completes Sale and Forms Joint Venture with Samson Explorati...
13/11/2013Mining Reports Record Q3 Gold Production of 88,445 oz and Al...
06/11/2013Mining Announces Positive Feasibility Study ForHound=E9 Gold...
06/08/2013Mining Reports Delivery of Mining Equipment at Agbaou Gold M...
25/06/2013Mining Reports Tabakoto Mill Expansion Achieves Design Capac...
12/06/2013Mining Reports Delivery of Mills at Agbaou Gold Mine and Ach...
24/04/2013Mining Reports Agbaou Gold Mine Construction Progress
22/01/2013Mining Delivers 310,000 Oz Gold Production and Provides 2013...
22/01/2013Mining Delivers 310,000 Oz Gold Production Exceeding 2012 Gu...
18/10/2012Mining closes Avion Acquisition and announces new Board Memb...
01/10/2012Mining Announces ISS and Glass Lewis Recommend in Favour of ...
20/09/2012Mining Announces Full and Final Settlement With Gold Reserve
07/09/2012Mining Drilling At Agbaou Demonstrates Potential For Pit Exp...
16/07/2012Mining Delivers 102,691 Oz of Gold Production in First Half ...
13/07/2012Mining Files Technical Report For Agbaou Gold Project
11/06/2012Agbaou Gold Project enters construction with planned 103,000...
11/06/2012Agbaou Gold Project Enters Construction
11/05/2012Mining Discovers New Oxide Zones at Nzema Gold Mine
03/05/2012Expands Nzema Sulphide Program And Initiates Preliminary Eco...
20/03/2012Goals Met, New Targets Set: Endeavour Mining Earns an A+ For...
20/03/2012Canaccord Genuity Issues $4.00 Target on Endeavour Mining
06/03/2012Mining Sells 40% Interest in Finkolo JV for US$20 Million Ca...
23/02/2012Near-Mine Exploration Programs Yield Strong Results for Ende...
19/12/2011Mining And Adamus Resources Complete Merger
05/12/2011Mining Merger With Adamus Resources Has Become Effective
12/09/2011Mining Reports Positive Drill Results at Agbaou Including 10...
12/09/2011Mining Reports Positive Drill Results at Agbaou
22/08/2011Mining and Adamus Resources to Merge
03/08/2011Mining Reports Exploration Results At C=F4te D'Ivoire Develo...
Communiqués de Presse de Endeavour International Corporation
26/07/2016to Announce its Q2 Results on Thursday July 28, 2016
09/05/2016Announces Governance Changes
26/02/2014Issues Statement Regarding Nomination Notice by Stockholders
30/01/2014Mining Delivers 324,275 oz in 2013 and Forecasts 400,000 to ...
27/01/2014Announces Closing of $255 Million Senior Secured First Lien ...
06/01/2014Announces Intention to Refinance Revolving Credit Facility a...
03/12/2013Mining Files Technical Report For Hound=E9 GoldProject Feasi...
04/11/2013Mining to Release Q3 Results on November 12, 2013
28/10/2013Mining Closes Sale of Non-Core Finkolo JV and Receives $16 M...
22/10/2013Announces Completion of Strategic Review, Organizational Cha...
15/10/2013Mining Initiates Mining at Agbaou and Completes Power Line I...
07/08/2013Mining To Release Q2 Results On August 14, 2013
24/07/2013Mining Increases And Extends Debt Facility To Strengthen Fin...
18/07/2013Business Excellence features Endeavour Mining in July 2013 i...
15/05/2013Mining Reports Q1 All-In Sustaining Margin Of $39 Million An...
06/05/2013Mining to Release Q1 Results on May 14, 2013
30/04/2013Mining Sells Non-Core Rare Earths Shareholding For US$5.3M C...
27/03/2013Mining Reports 2012 All-In Margin of $130 Million and Update...
20/03/2013Mining To Release 2012 Year-End Results On March 28, 2013
13/03/2013Mining's Agbaou Construction Continues on Schedule
12/03/2013Mining Files Hound=E9 PEA=2C Completes In-FillDrilling And ...
22/01/2013Mining Announces Positive PEA for Hound=E9 GoldProject
08/11/2012Mining To Release Q3 Results On November 14, 2012
12/10/2012Mining Shareholders Approve Avion Acquisition to Grow Gold P...
27/08/2012Receives Encouraging Drill Results from PEA-Stage Ouar=E9 Pr...
27/08/2012Bids for Avion
15/08/2012Mining Granted Mining Permit for Agbaou Gold Project
08/08/2012Mining Reports Strong Q2, with Cash Flow of $47.6 Million fr...
03/08/2012Mining Q2 Webcast Moved To August 9
01/08/2012Mining to Release Q2 Results on August 7
28/06/2012Completes Ouar=E9 Drilling and Commences Resource Update for...
21/06/2012Mining in Gold Newsletter
01/06/2012Digs Deeper, Brings Strong Gold Results from Youga
28/05/2012Positive Drilling Results from Endeavour's Youga Gold Mine
04/05/2012Mining To Release Q1 Results On May 8th, 2012
02/05/2012Expands Nzema Sulphide Program
30/04/2012Strong drilling results from Endeavour Mining's Youga Gold M...
19/04/2012Buy Recommendation for Endeavour Mining
02/04/2012Mining Commences Trading in the U.S. on OTCQX International
26/03/2012Mining Corp. on the Way Up with 3 Mines and 3 Triangles
22/03/2012Five Things to Love About Endeavour Mining
08/03/2012Mining to Release Year End Results on March 13, 2012
07/03/2012VIDEO CORRECTION - Endeavour Mining CEO on BNN
07/03/2012Mining CEO on BNN
04/03/2012Mining Completes Salman Village Resettlement In Ghana
02/02/2012Mining Meets 2011 Gold Production Targets
30/01/2012Mining Reports Q4 and Full Year 2011 Gold Production and 201...
30/01/2012Mining Reports Q4 and Full Year 2011 Gold Production
27/01/2012Mining in Globe and Mail
10/01/2012Mining in Gold Newsletter
29/11/2011Mining Closeout Of Youga Gold Hedge Book
28/11/2011Mining on BNN's Market Call
25/11/2011Mining Shareholders Approve Merger With Adamus
13/10/2011Mining Reports Closing of Sale of Non-Core Diamond Assets an...
13/10/2011Mining Reports Closing Of Sale Of Non-Core Diamond Assets
20/09/2011Mining In Gold Newsletter
19/09/2011Mining Reports Positive Exploration Results at Youga Includi...
08/09/2011Mining in Winston's Growth Stock Report
31/08/2011Two West African Gold Producers Merge - Endeavour Mining
26/08/2011MD/CEO Mark Connelly discusses Adamus' Merger of Equals with...
25/08/2011Mining To Merge With Adamus
18/08/2011Junior Gold Producers Rising to the Occasion - Endeavour Min...
15/08/2011Mining's Profit Rises on Higher Gold Output, Prices
11/08/2011Mining Corp. is Moving Toward Mid Tier Gold Producer Status
08/08/2011Mining - A Deep Discounted Emerging Gold Producer
04/08/2011Mining To Release Second Quarter 2011 Results On August 10, ...
10/06/2011to Release First Quarter 2011 Results on June 13, 2011
11/06/2010and Severstal Find Synergy In Crew Gold: MineralSTOX
02/06/2010Severstal & Endeavour Reach Agreement for Building Value in ...
14/10/2009Appointed as Project Finance Advisor
23/02/2009Financing Highlights Investors Moving into Gold - Midas Lett...
03/11/2008to Release Q1 Results November 12, 2008
12/08/2008Declares Monthly Dividend for August 2008
14/07/2008Declares Monthly Dividend for July 2008
12/04/2008Declares Monthly Dividend for April 2008
13/03/2008Declares Monthly Dividend for March 2008
24/05/2007Acquires Remaining 49% Interest In Guanacevi Mines Project, ...
02/05/2007 Closes Acquisition of Bolanitos Exploitation Contracts; Ann...
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
US$ 0,155
07/10 16:07 -0,030
Cours préc. Ouverture
0,185 0,180
Bas haut
0,150 0,190
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,155 -3,12%
Volume var. 1 mois
415 127 -3,12%
24hGold TrendPower© : -34
Développe Natural gas - Oil
Interactive chart Add to compare
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
Variation annuelle
Graphique 5 ans
Graphique 3 mois
Graphique volume 3 mois
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
announces expected non-cash impairment
5,75 AU$+1,59%Trend Power :
Oceana Gold(Au)OGC.AX
3,00 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
2,37 AU$-0,42%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
0,98 US$-2,00%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
0,99 GBX-3,88%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+25,00%Trend Power :
Closes Bridge Loan Financing
2,02 CA$-4,27%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,75 CA$+2,94%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
7,01 CA$+4,32%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,07 CA$+0,00%Trend Power :
Q A April 2017 Quarterly Report
0,10 AU$+9,89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,06 CA$-0,96%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
14,82 US$+16,51%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,05 AU$+6,38%Trend Power :