Endeavour Mining on record free cash flow, shareholder returns and organic growth pipeline

Описание: Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) vice president of Investor Relations Jack Garman talked with Proactive's Stephen Gunnion about the company’s robust first-quarter performance and the outlook for its organic growth pipeline.

Garman highlighted that Endeavour Mining delivered approximately 30% of its full-year gold production guidance in Q1 2025 alone, supported by lower-than-expected sustaining costs. This, alongside a buoyant gold price, allowed the company to generate record free cash flow of $409 million, equivalent to around $1,200 per ounce.

He confirmed that Endeavour Mining is prioritising free cash flow generation, particularly after completing its recent growth phase. “Our view fundamentally, is (that) the best way to maximise free cash flow generation is by keeping our costs down,” Garman noted.

The company also reduced net debt by $354 million in the quarter, bringing leverage down to 0.22x net debt to adjusted EBITDA. Shareholder returns have increased, with $40 million in share buybacks and a $225 million minimum dividend commitment in 2025.

Garman provided updates on the Assafou project, calling it a “tier one project” with a defined 4.5 million ounce resource and a projected annual output of 330,000 ounces at below $900/oz sustaining cost for the first ten years. A definitive feasibility study is expected by early 2026, with construction potentially starting in H2 2026 and first production by H2 2028.

He added that Endeavour Mining sees no immediate need for mergers or acquisitions, as its pipeline provides enough visibility to grow production by 35% to over 1.5 million ounces annually by decade’s end.
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