Endeavour announces renewal of Normal Course Issuer Bid

London, 20 March 2026 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour” or the “Company”) has received approval from the Toronto Stock Exchange (“TSX”) to renew its Normal Course Issuer Bid (“NCIB”) for its share buyback programme, with respect to its ordinary shares (the “shares”) in order to continue supplementing its shareholder returns.

Under the NCIB, Endeavour may, over the 12-month period of the NCIB, repurchase up to a maximum of 18,188,588 shares, such amount representing 10% of the public float of the shares issued and outstanding as of 12 March 2026. The average daily trading volume (the “ADTV”) of the shares on the TSX for the six-month period ended 28 February 2026, calculated in accordance with the rules of the TSX for purposes of the NCIB, was 707,870. Accordingly, Endeavour may repurchase up to a maximum of 176,967 shares during each trading day, representing 25% of the ADTV for the six months ended 28 February 2026, excluding purchases made in accordance with the block purchase exemptions under applicable TSX policies. All shares repurchased under the share repurchase programme will be cancelled. The renewed NCIB will commence on 24 March 2026 and end on 23 March 2027, or such earlier date as Endeavour may complete its purchases pursuant to the notice of intention filed with the TSX. As of 12 March 2026, there were 242,696,242 shares issued and outstanding.

Under Endeavour’s prior NCIB (the “2025 NCIB”), which commenced on 24 March 2025 and ends on 23 March 2026, Endeavour obtained approval to purchase up to a total of 13,902,435 shares, of which 1,935,944 shares were purchased at a weighted average price of approximately CAD$42.66. Purchases made under the 2025 NCIB were made on the open market through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems and on the London Stock Exchange. All shares purchased under the 2025 NCIB by Endeavour were or will be cancelled.

Endeavour believes that purchases under the NCIB constitute a desirable use of its funds on the basis that, from time to time, market prices of the shares may not fully reflect the value of Endeavour’s business and future business prospects. 

Endeavour’s previously announced automatic share purchase agreement with Stifel Nicolaus Europe Limited (“Stifel”) dated 28 May 2025 will continue to allow for the purchase of shares, subject to certain trading parameters, at times when Endeavour would not be active in the market due to regulatory close periods, its own internal trading black-out periods, insider trading rules or otherwise. Outside of these periods, shares may be repurchased in accordance with management’s discretion and in compliance with applicable law.
Share purchases will be made by Stifel (or through its agent, Stifel Nicolaus Canada, Inc.) on the TSX, other designated exchanges and/or alternative Canadian trading systems and the London Stock Exchange, in accordance with applicable regulatory requirements. The price paid for repurchased shares will be the market price of such shares at the time of acquisition or such other price as may be permitted in accordance with applicable regulatory requirements and Endeavour’s existing shareholder authority to conduct share repurchases. Endeavour intends to ask shareholders to renew that authority at its 2026 AGM.

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