Endeavour PLC Mining ‘one of my top picks’ says BMO analyst

Endeavour Mining PLC reported its second quarter and half year 2022 results this week, stating that the company is on track to meet production and cost guidance for the tenth year in a row.

Net cash position increased by US$141mln in the first half of 2022 to US$217mln after US$108mln was paid to shareholders. In addition, the company reported that its strong performance has lifted its minimum annual dividend from US$$50 million to US$200 million for 2022.

For those that haven’t yet heard of Endeavour Mining, it is the largest gold producer listed on the Premium segment of the London Stock Exchange and earlier this year entered the FTSE 100.

Raj Ray, a mining analyst at BMO, provided his insights on the company.

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