Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has detailed a strong quarter amid strengthening gold prices.
It reported strong first-quarter results with production of 341,000 ounces of gold, at an all-in sustaining cost of $1,129 per ounce.
Earnings (adjusted EBITDA) were up 12% over the previous quarter at $613 million.
Free cash flow reached a record $409 million, marking a 53% increase from the prior quarter.
The West Africa-focused gold miner produced 341,000 ounces across its portfolio during the quarter, compared to 363,000 in the preceding three months.
Endeavour is steering its excess cash to delever and shareholder returns.
It reduced net debt by over $350 million during the quarter, bringing it down to $378 million. Meanwhile, at $140 million, the dividend for the second half of 2024 (paid in early Q2 2025) is a company record.
Endeavour expects total shareholder returns in 2025 to exceed last year,…
