Endomines: Updated ore estimate for Pampalo - Evli

Endomines announced an update in ore reserves and mineral resources. The update brings an 60% increase to Pampalo reserve ounces when comparing to the ore reserves at the end of 2021. Due to a 13% share price decline since our previous update, steady progress in accordance with the new strategy and a strong gold market, we upgrade our rating to BUY (HOLD) while maintaining our target price at EUR 6.5 (6.5).

Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/Endomines/Endomines%20230306%20Company%20update.pdf