Endomines - Gold-focused junior mining company

Here is the company report on Endomines from Atte following H2 :slight_smile:

Endomines’ second-half result was expectedly strong, supported by tailwinds from the gold market. We have slightly lowered our production forecast for the current year, as our previous forecast was at the upper end of the 2026 production guidance range. Despite this, our overall forecasts for the current and future years increased due to the continued strength of the gold market. This year, Endomines aims to drill a total of 50,000 meters along the Gold Line, which we believe will enable the company to define a significant portion of its 1.5–2.0 million ounce resource target over the next two years. Following the forecast changes, the present value of Pampalo increases in our sum-of-the-parts model, and accordingly, we are raising our target price for the share to 33.0 euros (prev. 32.0 euros). The recommendation remains at the Accumulate level.

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