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Endeavour Mining ( (TSE:EDV) ) has provided an update.
Endeavour Mining reported record 2025 financial results, with gold output of 1.21 million ounces at an all-in sustaining cost of $1,433 per ounce, driving adjusted EBITDA up 75% and free cash flow up 269% to $1.16 billion. The group cut net debt to $158 million, delivered $435 million in dividends and buybacks, and set 2026 production guidance at 1.09–1.27 million ounces at a higher cost range of $1,600–$1,800 per ounce.
The miner expanded its exploration pipeline, adding 1.5 million ounces of new measured and indicated resources at key assets including Assafou, Sabodala-Massawa and Ity, while reserves declined mainly due to depletion and model optimisation. With permits in place and a definitive study due in early 2026, the tier-one Assafou project is targeting first gold in the second half of 2028, underpinned by a 2026–2030 strategy to discover 12–15 million ounces and an updated shareholder returns programme committing at least $1 billion in dividends through 2028.
More about Endeavour Mining
Endeavour Mining is a West Africa-focused gold producer listed in London, Toronto and on OTC markets. The company operates a portfolio of open-pit gold mines and development projects, with a strategy centred on low-cost production, disciplined capital allocation, and exploration-led growth across both brownfield and greenfield targets in key gold districts.
See more data about EDV stock on TipRanks’ Stock Analysis page.