Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Endeavour Mining ( (TSE:EDV) ) has shared an announcement.
Endeavour Mining reported a strong start to 2026, delivering Q1 production of 282,000 ounces of gold at an all-in sustaining cost of $1,834 per ounce and record adjusted EBITDA of $880 million, up 29% quarter-on-quarter. Record free cash flow of $613 million and a swing to a $405 million net cash position strengthen the balance sheet and support both the Assafou development project and an ambitious capital returns strategy.
The group has returned $1.6 billion to shareholders over the past five years and plans a 2026–2028 programme with a minimum $1 billion in dividends, potentially rising above $2 billion including supplemental payouts and buybacks at current gold prices. A definitive feasibility study confirmed Assafou as a potential cornerstone asset with projected output of 320,000 ounces per year at low costs and robust economics, while ongoing exploration, portfolio optimisation and improved ESG ratings reinforce Endeavour’s positioning for long-term growth and value creation for host countries and investors.
More about Endeavour Mining
Endeavour Mining is a London- and Toronto-listed gold producer focused on West African operations, with a portfolio of cornerstone mines including Houndé, Mana and Ity. The company targets sector‑leading organic growth and returns, underpinned by large-scale projects such as the Assafou development and a strong exploration pipeline across key gold districts.
See more data about EDV stock on TipRanks’ Stock Analysis page.