La Mancha Investments S. À R. L. to File Early Warning Report

La Mancha Investments S. à r. l. (La Mancha), an entity under the La Mancha Resource Fund SCSp and advised by La Mancha Resource Capital LLP, has confirmed the disposal of 8,500,000 ordinary shares of Endeavour Mining plc (LSE:EDV; TSX:EDV), amounting to about 3.5% of Endeavour's total outstanding shares. The transaction was executed on January 8, 2026, as a bought block trade with BMO Capital Markets, yielding gross proceeds of approximately C$605 million at a sale price of C$71.25 per share.

Prior to this sale, La Mancha held 35,289,580 Endeavour shares, accounting for roughly 14.62% of Endeavour's issued and outstanding shares. Following the disposal, La Mancha's holdings have decreased to 26,789,580 shares, which now represent approximately 11.1% of Endeavour's total shares. The decision to sell was made for investment management reasons, indicating a strategic repositioning rather than an exit from the investment.

Looking ahead, La Mancha has indicated the possibility of further acquiring or selling additional shares of Endeavour at their discretion, through various market transactions or private agreements. This flexibility underscores La Mancha’s ongoing commitment to active management in its investment portfolio.

An early warning report detailing this transaction and additional pertinent information will be filed with the relevant regulatory authorities and can be accessed through Endeavour’s SEDAR+ profile at www.sedarplus.ca. Inquiries regarding the report can be directed to Matthew Fisher, General Counsel at La Mancha Resource Capital LLP. This move highlights La Mancha's ongoing engagement with the mining sector amidst evolving market dynamics.

La Mancha Investments S. à r. l. (La Mancha) recently executed a significant transaction by disposing of 8,500,000 ordinary shares of Endeavour Mining plc (LSE:EDV; TSX:EDV), amounting to approximately 3.5% of the company’s issued shares. This sale, valued at approximately C$605 million, indicates La Mancha’s strategic adjustment in its ownership interest, reducing its stake from 14.62% to 11.1%.

The fact that La Mancha undertook this Disposal for investment management purposes suggests a tactical response to the market conditions surrounding Endeavour Mining. Investors should closely monitor the implications of this significant reduction in ownership. La Mancha, being a major investor, has likely made an assessment of Endeavour's current valuation and future prospects. The choice to divest a substantial portion of shares may point to a shift in market sentiment, perhaps influenced by fluctuations in commodity prices or operational considerations within the mining sector.

The timing of the sale, conducted via a bought block trade to BMO Capital Markets, could indicate a conscious effort to maximize gains while maintaining liquidity amid changing market conditions. For current and prospective investors in Endeavour Mining, it is prudent to analyze the company’s fundamentals, including financial performance, production forecasts, and broader market trends that may affect the mining sector.

Furthermore, given La Mancha’s intention to file an early warning report, further details on their strategic rationale can provide valuable insights. Investors should pay attention to subsequent filings and updates from both La Mancha and Endeavour, which may shed light on future actions regarding shares. Overall, potential volatility in Endeavour’s stock price following this announcement could present both risks and opportunities for savvy investors. Thus, a cautious but informed approach is advisable.