FTSE 100-listed miner Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) shot up over 10% on Friday after gold prices reached a record high.
At 1,826p per share, the big-cap miner is a breath away from year-to-date highs of 1,853p.
It comes as the price of gold continues to climb, with an ounce of the precious element hitting an all-time high of $2,579 (£2,038).
Endeavour stock is also benefiting from this morning’s announcement that it has entered commercial production at both the Sabodala-Massawa BIOX Expansion in Senegal and the Lafigué mine in Côte d'Ivoire.
The projects, which were completed on budget and on schedule, represent key milestones in the company’s growth strategy. The commercial production threshold was passed in August, it noted.