Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Endeavour Mining ( (TSE:EDV) ) is now available.
Endeavour Mining reported 2025 gold production of 1,209,000 ounces, landing in the top half of its guidance range, with an all-in sustaining cost around $1,435 per ounce after adjusting for higher royalties driven by stronger gold prices. Robust operating performance and elevated gold prices generated more than $1 billion in free cash flow, enabling the group to cut net debt by $574 million to $157 million, sharply reduce gross debt, and end the year with near-zero leverage and over $1.1 billion of available liquidity. On the back of this balance sheet strength, Endeavour declared a record second-half 2025 dividend of $200 million, lifting full-year dividends to $350 million, and, together with $85 million of share buybacks, returned a total of $435 million to shareholders in 2025—93% above its minimum payout commitment and taking cumulative returns since 2021 to about $1.6 billion. The company also set guidance for 2026 production of 1.09–1.265 million ounces at an AISC of $1,600–$1,800 per ounce, reflecting higher gold prices, increased royalties and sustaining capital, while outlining a 2026–2028 dividend framework that targets at least $1 billion of minimum dividends, potentially more than doubling through supplemental payouts if gold prices remain high. Strategically, Endeavour is advancing its tier-one Assafou project, which has secured its environmental permit and is expected to receive its exploitation permit and definitive feasibility study completion in early 2026, with first gold planned for the second half of 2028, and is pursuing an exploration plan to discover 12–15 million ounces of resources between 2026 and 2030 at discovery costs below $40 per ounce, aimed at extending mine lives, adding new West African projects and entering three new high-potential jurisdictions.
More about Endeavour Mining
Endeavour Mining is a top-ten global gold producer focused on West Africa, operating multiple mines and development projects in the region. The company’s core business is the exploration, development and production of gold, with a strategy centred on maintaining competitive all-in sustaining costs while funding organic growth and returning capital to shareholders through dividends and share buybacks.
Find detailed analytics on EDV stock on TipRanks’ Stock Analysis page.