Record Free Cash Flow Generation
Endeavour generated a record $409 million of free cash flow during the first quarter of 2025, representing $1,199 for every ounce of gold produced. This marks the fourth consecutive quarter of free cash flow growth.
Strong Gold Production
Produced 341,000 ounces of gold at an all-in sustaining cost of $1,129 per ounce, placing the company on track to achieve its full-year guidance.
Improved Financial Position
The company reduced its net debt by $354 million, with leverage significantly reduced to 0.22x net debt to adjusted EBITDA, well below the long-term target of 0.5x.
Record Shareholder Returns
Increased dividends and share buybacks, with $52 million of share buybacks completed year-to-date, reflecting a commitment to delivering increased shareholder returns.
Positive Exploration Outcomes
The Assafou project is on track for a resource update in the second half of the year, with a focus on increasing the endowment and advancing the definitive feasibility study.
Strong Safety Performance
The group reported a lost time injury frequency rate (LTIFR) of only 0.05 during the quarter, indicating strong safety measures.
Successful Commissioning of Solar Plant
Completed the commissioning of a solar plant at Sabodala-Massawa to support the improvement in emissions intensity and reduce fuel consumption and power costs.