Endeavour Mining PLC, trading under the symbol EDVMF on the PNK exchange, reported earnings per share of $0.90, exceeding estimates.
The company produced 341,000 ounces of gold at an all-in sustaining cost of $1,129 per ounce, contributing to a 12% increase in adjusted EBITDA of $613 million.
Endeavour announced a record dividend of $140 million for the second half of 2024, underscoring its commitment to delivering shareholder value.
Endeavour Mining PLC, trading under the symbol EDVMF on the PNK exchange, is a prominent player in the gold mining industry. The company operates several mines across West Africa and is known for its focus on sustainable mining practices. Endeavour competes with other major gold producers like Barrick Gold and Newmont Corporation.
On May 1, 2025, Endeavour reported earnings per share of $0.90, exceeding the estimated $0.661. This positive earnings surprise reflects the company’s strong operational performance, despite generating revenue of $1.042 billion, which fell short of the estimated $1.247 billion. The company’s ability to surpass earnings expectations highlights its operational efficiency and cost management.
Endeavour’s first-quarter performance was bolstered by rising gold prices, leading to the production of 341,000 ounces of gold at an all-in sustaining cost of $1,129 per ounce. This contributed to a 12% increase in adjusted EBITDA, reaching $613 million. The company’s focus on cost control and efficient production processes has been instrumental in achieving these results.
The company also reported a record free cash flow of $409 million, a 53% increase from the previous quarter. This strong cash flow enabled Endeavour to reduce its net debt by over $350 million, bringing it down to $378 million. The reduction in debt reflects the company’s commitment to strengthening its balance sheet and enhancing financial stability.
Despite a slight decrease in production compared to the previous quarter’s 363,000 ounces, Endeavour announced a record dividend of $140 million for the second half of 2024, paid in early Q2 2025. The company anticipates that total shareholder returns in 2025 will surpass the previous year’s returns, which included $225 million in dividends and an additional $52 million. This demonstrates Endeavour’s focus on delivering value to its shareholders.
