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Record cash flow of $761M driven by high gold prices despite lower production and rising costs.

Company Fundamentals
30 Jul 2026
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Bullish
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Endeavour Mining reported a record first-half free cash flow of $761 million, boosted by a 55% rise in gold prices averaging $4,579 per ounce. Despite a 13% drop in production to 564,000 ounces and a 46% increase in all-in sustaining costs to $1,871 per ounce, the company saw adjusted EBITDA rise 38% to $1.61 billion and net earnings increase 69% to $672 million. The miner maintained its full-year production guidance of 1.09 to 1.265 million ounces and plans a final investment decision on the Assafou project by year-end, alongside launching the Sabodala-Massawa underground expansion in the second half. Shareholders received a record $301.5 million through dividends and buybacks.

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