Blackrock increases stake in Endeavour Mining to 13.85%

LONDON - BlackRock, Inc. has increased its stake in Endeavour Mining plc to 13.85% of voting rights, according to a notification received by the gold mining company on October 2, 2025. Endeavour Mining, with a market capitalization of $3.87 billion and trading at $68.14, has maintained dividend payments for 19 consecutive years, currently offering a 4.69% yield. InvestingPro analysis indicates the company’s overall financial health score is currently rated as weak.

The investment management firm now holds approximately 33.48 million voting rights in the London-listed miner. This includes 12.18% through direct voting rights attached to shares and an additional 1.67% through financial instruments. The stock has shown mixed performance, with a positive YTD return of 4.21% but remains down 8.11% over the past year. Discover more detailed insights and analysis with InvestingPro, which offers additional exclusive tips and comprehensive financial metrics.

The threshold crossing occurred on October 1, 2025, with BlackRock’s previous position reported at 13.8% of total voting rights. The slight increase represents a shift in how BlackRock holds its position, with direct voting rights increasing from 11.86% to 12.18%, while rights through financial instruments decreased from 1.94% to 1.67%.

According to the regulatory filing, BlackRock Investment Management (UK) Limited controls the largest portion of the stake, with 8.65% of total voting rights.

The financial instruments through which BlackRock holds part of its stake include securities lending arrangements accounting for 0.7% of voting rights and contracts for difference (CFDs) representing 0.97%.

Endeavour Mining, which operates gold mines across West Africa, is required to disclose such notifications under UK financial regulations when major shareholders cross certain ownership thresholds.

The information was disclosed in a standard regulatory filing based on a notification from BlackRock to Endeavour Mining as required under transparency rules for publicly listed companies.

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