Strong Gold Production and Cost Management
In H1 2025, Endeavour produced 647,000 ounces of gold at an average all-in sustaining cost of $1,281 per ounce, a 16% improvement in throughput year-on-year, placing them on track to meet full-year guidance.
Record Free Cash Flow and Shareholder Returns
Endeavour generated $514 million of free cash flow in H1, equivalent to $794 per ounce of gold produced, allowing for a record first-half dividend of $150 million and $69 million in share buybacks.
Increased EBITDA and Margin
Adjusted EBITDA increased by 35% to nearly $1.2 billion from H2 2024, with a 5 percentage point rise in adjusted EBITDA margin to 57%.
Exploration Success and Growth Pipeline
The Assafou Project remains on track for DFS completion by early 2026, with ongoing exploration across various sites showing promising results.