Endeavour Mining raises dividend as gold hits record highs
+ other portfolio updates and early access to new Mining Stock Monkey video
Mining Stock Monkey VIP
Bulletin #52
February 4, 2025
In this newsletter issue I'll be covering some company updates and sharing with you a new video on Endeavour Mining that you have early access to as a paid newsletter subscriber.
Endeavour Mining
We added Endeavour Mining to our portfolio only about a month ago at US$18.09 per share. Since that date, the share price has shot up nearly 20%.
This increase in the share price is partially because of the higher gold price but also because Endeavour posted excellent Q4 numbers and raised the H2 dividend to $0.57/share or $1.14/share annualized. This is about a 5.4% annual yield based on today's closing price of $21.12.
In Q4, the company produced 363,000 ounces of gold, which represented a 32% increase over Q3. If you recall the reasons for me adding the company to the portfolio when I did, one of the reasons was:
Endeavour has just recently finished a period of high investment and these investments should add substantial cash flow in Q4, the following quarters, and many years into the future.
Q4 numbers turned out to be very good thanks to these newly-completed projects and the announcement of these Q4 numbers sent the share price shooting higher.
