Slide 1: Corporate Presentation September 2026
CORPORATE PRESENTATION September 2026 1
Slide 2: Table of Contents
TABLE OF CONTENTS 1 Endeavour Overview 2 Financial Results and Outlook 3 Our High Quality Portfolio 4 Working as a Trusted Partner 5 West Africa Insights 6 Appendix 2
Slide 3: Disclaimer & Forward-Looking Statements
DISCLAIMER & FORWARD-LOOKING STATEMENTS Some of the indicators used by Endeavour in this presentation represent non-IFRS financial measures, reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in including sustaining capital per ounce, non-sustaining cap
Slide 4: Endeavour Overview
ENDEAVOUR OVERVIEW 1
Slide 5: Endeavour Has an Unmatched Competitive Advantage in West Africa
Dakar Senegal Mali SABODALA-MASSAWA Burkina Faso KAWSARA Bamako Ouagadougou ENDEAVOUR HOUNDÉ MANA HAS AN UNMATCHED Guinea KALANA Benin KOUTO COMPETITIVE ADVANTAGE IN WEST AFRICA, ONE OF Sierra ASSAFOU LAFIGUÉ Togo Leone THE LARGEST AND MOST SAKASSOU ASSUÉFRY Ghana PROSPECTIVE Liberia ITY Côte d’Ivoi
Slide 6: Company Profile
COMPANY PROFILE Highlights Top shareholders Shareholder register as at 30 June 2026 Ticker LSE | TSX: EDV, OTCQX: EDVMF Shares outstanding as at 31 August 2026 242m Rank Institution name % of S/O 1 BlackRock 18.3% Share price as at 31 August 2026 £47.42 / C$85.72 2 La Mancha 10.1% Market cap as at 3
Slide 7: Our Strategy
OUR STRATEGY Build a resilient business and work as a trusted partner with the ability to reward shareholders MAINTAIN A WORK AS A REWARD HIGH-QUALITY PORTFOLIO TRUSTED PARTNER SHAREHOLDERS Investing in our people Empowering communities Managing our balance sheet prudently Delivering industry-leadin
Slide 8: Maintaining a High Quality Portfolio
MAINTAINING A HIGH QUALITY PORTFOLIO Build a resilient business and work as a trusted partner with the ability to reward shareholders Investing In Operational Portfolio Unlocking People Excellence Management Exploration KEY Developing local talent Delivering against Focused on large, low- Replacing
Slide 9: Operating Model Prioritising Our People
OPERATING MODEL PRIORITISING OUR PEOPLE INVESTING IN PEOPLE Geographic focus provides a strong competitive advantage INSIGHTS › Largest producer in each of our operating countries enhances ability to extract synergies › Leading safety performance with a TRIFR of 0.72, which is well below the industr
Slide 10: Full Year 2026 Guidance on Track
FULL YEAR 2026 GUIDANCE OPERATIONAL EXCELLENCE Guidance on track with Q4-2026 weighted operational performance FY-2026 Guidance GROUP 564koz PRODUCTION H1-2026 $184/oz2 1,090koz 1,265koz H1-2026 Q4 $1,687/oz2 $1,871/oz Weighted operating GROUP performance AISC $1,600/oz FY-2026 Guidance1 $1,800/oz a
Slide 11: Operational Excellence: Guidance Track Record
OPERATIONAL EXCELLENCE OPERATIONAL EXCELLENCE Strong operating performance driving all-in sustaining margin Guidance Track Record Production Guidance 56% 55%1 Actual Production 52% 53% 50% 50% 12 years 48% All-in sustaining margin (%) 39% 40% 1,536koz 36% 28% 1,400koz Out of last 13 beating or 19% 2
Slide 12: Organically Growing Production
ORGANICALLY GROWING PRODUCTION OPERATIONAL EXCELLENCE Production growth to 1.5Moz with class-leading costs Production from continuing operations1 Production from continuing operations 27%% 24 DEBT FUND GROWTH AND DELEVERAGING AND SECTOR LEADING REDUCTION DELIVER SHAREHOLDER SHAREHOLDER SHAREHOLDER R
Slide 13: Assafou Project, Côte d'Ivoire
ASSAFOU PROJECT, CÔTE D’IVOIRE OPERATIONAL EXCELLENCE Final investment decision expected by year-end DEFINITIVE FEASIBILITY STUDY KEY METRICS 320koz $1,026/oz +16year 4.4Moz Production AISC at $2,500/oz Life of Mine Mineral Reserve2 (annual, first 8 years) (annual, first 8 years) 5.0Moz $1,061m $5.1
Slide 14: Sabodala-Massawa, Senegal
SABODALA-MASSAWA, SENEGAL OPERATIONAL EXCELLENCE Underground expansion underpins production growth to ~350koz INSIGHTS Refractory › Underground Expansion targeting the high grade Golouma and Kerekounda underground deposits Non-Refractory is expected to supplement CIL production from FY-2027. › Durin
Slide 15: Strong Construction Track Record
CEO INTRODUCTION STRONG CONSTRUCTION TRACK RECORD OPERATIONAL EXCELLENCE Leveraging our in-house construction expertise TRACK RECORD HOUNDÉ 18 month LAFIGUÉ 21 month Delivered on-schedule in Construction Construction <24 months 2 week 2 month Ramp-up Ramp-up Delivered on or below budget 3.0mtpa 4.0m
Slide 16: Active Portfolio Management
ACTIVE PORTFOLIO MANAGEMENT PORTFOLIO MANAGEMENT An improved portfolio underpinned by high-quality growth projects Portfolio Objectives Endeavour’s portfolio › Focus management efforts on large, long-life, low-cost Current operations1 Projects 2,250 assets Current Regions Divested Regions Mana › Con
Slide 17: Optimising Assets and Replenishing Pipeline
OPTIMISING ASSETS AND REPLENISHING PIPELINE PORTFOLIO MANAGEMENT Strong competition for capital on a returns basis across the portfolio DISCOVERY GENERATIVE EXPLORATION RESOURCE RESOURCE PRODUCTION EXPLORATION TARGETING APPRAISAL DEVELOPMENT > 1.5Moz target NEW CAOB Koun-Fao, Kouto, Koulou annual pr
Slide 18: Our Exploration Methodology
OUR EXPLORATION METHODOLOGY UNLOCKING EXPLORATION 12 – 15Moz of mineral resources targeted over 2026 - 2030 GOLD MINERAL SYSTEM FRAMEWORK Proprietary framework that provides a robust and consistent approach to target tier 1 gold deposits BROWNFIELD GREENFIELD NEW VENTURES 6 – 9Moz at <$40/oz 6Moz at
Slide 19: 5-Year Discovery Outlook
5-YEAR DISCOVERY OUTLOOK UNLOCKING EXPLORATION 6 - 9Moz of MI&I resource discoveries targeted at operating portfolio Risked mean mineral resource discovery targets M&I Resource as at 31 December 20251 12-15Moz Risked Mean Indicated Resource Discovery Target 5-year (2026 – 2030) Mineral resource disc
Slide 20: Largest Exploration Presence in West Africa
LARGEST EXPLORATION PRESENCE IN WEST AFRICA UNLOCKING EXPLORATION Strong focus on near mine and greenfield exploration 43.7 Dakar Senegal SABODALA-MASSAWA KAWSARA Mali Bamako Burkina Faso Ouagadougou $ m MANA H1-2026 exploration SIGUIRI HOUNDÉ Guinea KALANA BANTOU spend KOUTO Benin 2026-2030 explora
Slide 21: New Ventures Exploration
NEW VENTURES EXPLORATION UNLOCKING EXPLORATION Expanding and diversifying our organic growth pipeline › Our New Ventures exploration programme is focussed on expanding Altair Minerals – Guyana and diversifying our organic growth pipeline into new, highly prospective, unexplored, tier-1 gold province
Slide 22: Exploration Track Record
EXPLORATION TRACK RECORD UNLOCKING EXPLORATION 22.4Moz discovered since 2016, more than double production depletion Total M&I resource discoveries M&I resources discovered Exploration spend 7% 22.4 22.4Moz Group M&I resource grade 8% Discovered % of total M&I discoveries 1.5Moz 18% 1.9Moz Moz 4.0Moz
Slide 23: Exploration Track Record: Two Programmes
EXPLORATION TRACK RECORD UNLOCKING EXPLORATION 22.4Moz discovered across two successful exploration programmes M&I discoveries M&I resource as at 31 December 2015 M&I discovered - 2016 - 2021 programme M&I discovered - 2021 - 2025 programme <$ 25/oz Discovery cost 3.5Moz 1.2Moz 2.2Moz 2.6Moz DISCOVE
Slide 24: Quick Timeline from Discovery to Production
QUICK TIMELINE FROM DISCOVERY TO PRODUCTION UNLOCKING EXPLORATION Leveraging trusted partnerships in mining friendly jurisdictions Discovery Maiden Resource Updated Resource Permit Production 2026 Guidance: HOUNDÉ MINE M&I resources: M&I resources: 220-255koz production at KARI AREA DEPOSITS $19/oz
Slide 25: Assafou Project, Côte d'Ivoire
ASSAFOU PROJECT, CÔTE D’IVOIRE UNLOCKING EXPLORATION Significant regional prospectivity INSIGHTS › Exploration discovery target of 1.0 - 1.5Moz of MI&I resources over 2026 – 2030 period at a discovery cost of less than $40/oz. › 22 regional targets on Tanda-Iguela 20+ Targets permits identified foll
Slide 26: Record Free Cash Flow Generation
RECORD FREE CASH FLOW GENERATION Sustained free cash flow growth Free Cash Flow and Free Cash Flow per ounce Free Cash Flow FCF/oz produced $1,350/oz Realised Gold Price1 $761m $642m Free Cash Flow per ounce for H1-2026 $514m $1,350 $1,143 $365m $794 $576 + 19% $2,167/oz $2,481/oz $2,953/oz $3,585/o
Slide 27: Healthy Financial Position
HEALTHY FINANCIAL POSITION Net cash balance sheet position with strong liquidity Evolution of leverage • Net Debt / Net debt (cash) / LTM adjusted EBITDA (Cash) 0.09x ABILITY TO FUND GROWTH AND DELEVERAGING AND INCREASING SECTOR LEADING SHAREHOLDER DELIVER SHAREHOLDER RETURNS SHAREHOLDER RETURNS RET
Slide 28: Sector-Leading Shareholder Returns
SECTOR-LEADING SHAREHOLDER RETURNS Record H1-2026 shareholder dividend announced Cumulative shareholder returns Minimum Returns Returns per ounce produced Supplemental Returns 301m Dividends per Share buybacks share $435m H2 2026 Returns $85m $71m $ Returned to shareholders $80m for HY-2026 $299m $2
Slide 29: Attractive Shareholder Returns
ATTRACTIVE SHAREHOLDER RETURNS Shareholder returns are attractive across gold mining and other sectors 2025 RETURNS PER OUNCE 2025 INDICATIVE YIELD 2025 TSR $0/oz $500/oz $1,000/oz $1,500/oz 0% 1% 2% 3% 4% 0% 50% 100% 150% 200% Lundin Gold $1,377/oz Endeavour 3.5% Endeavour 196.4% AngloGold $512/oz
Slide 30: 2026-2028 Shareholder Returns Programme
~$ bn 2026-2028 SHAREHOLDER RETURNS PROGRAMME Over $1.9bn returned to shareholders since Q1-2021 1 minimum commitment over Shareholder returns programme FY-2026 to FY-2028 Share buybacks Minimum dividends Supplemental dividends Supplemental returns $435m ~$ bn 1 minimum commitment over $71m2 FY-2026
Slide 31: Our Value Creation Approach
OUR VALUE CREATION APPROACH Capital discipline from discovery through to shareholder returns RESOURCE DISCOVERY 22.4Moz discovered Targeting 12-15 Moz DISCOVER at <$25/oz since 2016 between 2026-2030 DEVELOP AGBAOU HOUNDÉ ITY CIL LAFIGUÉ BIOX® ASSAFOU Find high-value Deliver projects 2014 2017 2019
Slide 32: Ability to Reward Shareholders Across Cycles
ABILITY TO REWARD SHAREHOLDERS ACROSS CYCLES Underpinned by a resilient business, disciplined capital allocation and a strong competitive advantage in West Africa RESILIENT BUSINESS + DISCIPLINED CAPITAL ALLOCATION High Quality Being a Prudent Balance Sheet Organic Shareholder Returns Portfolio Obje
Slide 33: Our Purpose Is to Produce Gold That Provides Meaningful Value
OUR PURPOSE IS TO PRODUCE GOLD THAT PROVIDES MEANINGFUL VALUE TO PEOPLE AND SOCIETY We achieve this by... ENVIRONMENT SOCIETY GOVERNANCE Climate change Economic development Respect for human rights Education Zero harm & employee Water stewardship well-being Biodiversity Health Diversity and inclusio
Slide 34: Key Upcoming Catalysts
KEY UPCOMING CATALYSTS Delivering sector leading organic growth and unlocking exploration value UPCOMING CATALYSTS ADVANCING ORGANIC Assafou: mining convention approval Q3-2026 GROWTH UNLOCKING Houndé: Vindaloo Deeps maiden resource H2-2026 EXPLORATION VALUE ADVANCING ORGANIC Sabodala-Massawa: launc
Slide 35: Financial Results and Outlook
FINANCIAL RESULTS AND OUTLOOK 2
Slide 36: Financial Highlights
FINANCIAL HIGHLIGHTS Solid operational performance with lower realised gold prices THREE MONTHS ENDED 30 Jun 31 Mar 30 Jun Q2-2026 vs. (in $ million unless otherwise stated) 2026 2026 2025 Q1-2026 OPERATIONAL HIGHLIGHTS Gold Production, koz Gold Sold, koz Total Cash Cost1, $/oz 283 278 1,593 282 278
Slide 37: On Track to Achieve Full Year Guidance
ON TRACK TO ACHIEVE FULL YEAR GUIDANCE H2-2026 weighted operational performance with strong Q4-2026 expected Production and All-In Sustaining Margin Production, koz All-In Sustaining Margin, $/oz 283koz Realised Gold Price1 306koz 298koz 282koz 283koz Production 264koz Q2-2026 $2,976/oz $2,441/oz $1
Slide 38: Our Cost Base
OUR COST BASE Asset optimisations and organic growth underpin resilient cost base INTERNAL FACTORS IMPACTING AISC EXTERNAL FACTORS IMPACTING AISC ROYALTIES Government royalty rates currently vary CONTRACTORS between 5 - 11% by country and are Large, multi-year contracts in place, ~29% ~23% dependent
Slide 39: Adjusted EBITDA and Adjusted EBITDA Margin
39 ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN Capturing higher margins from higher gold prices Adjusted EBITDA and Adjusted EBITDA Margin Adj. EBITDA Adj. EBITDA Margin 732m Realised Gold Price1 $880m $ Adj. EBITDA $732m Q2-2026 $681m $556m $466m 65% 60% 55% 51% 53% 60% EBITDA margin $ 3,150/oz $3,2
Slide 40: Operating Cash Flow
OPERATING CASH FLOW Strong underlying cash generation impacted by seasonal tax payments Operating Cash Flow Operating cashflow Cash Taxes 317m Realised Gold Price1 $46m $ $23m Operating cash flow $465m Q2-2026 $233m $737m $67m $609m $252m $309m $317m + 70% Cash taxes already paid $ 3,150/oz $3,247/o
Slide 41: Tax Payments
TAX PAYMENTS Cash income and withholding tax payment outlook Group tax payments by year Minesite Tax Withholding Tax INSIGHTS › Income tax payments reflect the prior year’s taxable $17m $296m FY-2025 $23m $362m earnings, while withholding tax payments reflect cash $65m $67m upstreaming in the curren
Slide 42: Operating Cash Flow Bridge
OPERATING CASH FLOW BRIDGE Operating cash flow impacted by gold price and seasonal tax payments INSIGHTS Operating cash flow bridge 1. The realised gold price decreased by $462/oz $737m 1 from $4,810/oz in Q1-2026 to $4,348/oz in Q2- 2026. ($129m) 2 3 2. Gold sold increased by 0.2koz to 278.4koz in
Slide 43: Free Cash Flow
FREE CASH FLOW Record H1-2026 free cash flow, H2 underpinned by seasonally lower cash taxes Free Cash Flow1 Operating Cashflow Free Cashflow Cash used in investing activities $609m $737m $612m $ 149m Free Cash Flow Q2-2026 $476m $309m $317m $252m $166m $104m $149m RECORD Free Cash Flow H1-2026 ($143
Slide 44: Change in Net Debt
CHANGE IN NET DEBT Healthy net cash balance sheet ahead of next organic growth phase INSIGHTS Change in net cash (debt) 1 2 1. Operating activities included $265m in operating cashflow before changes in working capital and a $52m working capital inflow. ($169m) 2. Investing activities included $75m
Slide 45: Net Earnings
NET EARNINGS Adjusted net earnings impacted higher costs and lower realised gold prices INSIGHTS 3 MONTHS ENDED 30 Jun 31 Mar 1. Loss on financial instruments in Q2 included a loss (in $ million) A = Adjustments made for Adjusted Net Earnings of $22m on FX movements between the Euro and 2026 2026 US
Slide 46: Debt Structure
DEBT STRUCTURE Significant reduction in gross debt following full repayment of RCF Change in debt drawn INSIGHTS › The Group had $410m drawn on the Revolving Credit ($m) Interest Rate Maturity 30 Jun 2026 31 Mar 2026 30 June 2025 Facility (RCF) as at 30 June 2026. Subsequent to quarter end, Endeavou
Slide 47: Stable Credit Rating
STABLE CREDIT RATING Credit ratings capped by sovereign rating S&P long-term foreign currency debt credit ratings Côte d’Ivoire BB BB Endeavour (Fitch) BB Fitch rating with Positive Outlook Endeavour (S&P) BB- Burkina Faso CCC+ BB- Senegal CC S&P rating 47
Slide 48: FY-2026 Guidance
FY-2026 GUIDANCE Capital Expenditure Guidance FY-2026 FY-2026 UPDATED H1-2026 (All amounts in US$m) GUIDANCE GUIDANCE Houndé 40 50 90 Production Guidance Ity 16 40 40 Mana 29 60 60 (All amounts in koz, on a 100% H1-2026 FY-2026 GUIDANCE Sabodala-Massawa 26 50 50 basis) Lafigué 38 30 40 Houndé 110 22
Slide 49: Our High Quality Portfolio
OUR HIGH QUALITY PORTFOLIO 3
Slide 50: Safety Performance
50 SAFETY PERFORMANCE Sustained low injury frequency rate TRIFR and hours worked Hours Worked (Millions, 12 month trailing basis) TRIFR (12 month trailing basis)1 41.6m 41.7m 41.6m 38.1m 39.4m 0.72 TRIFR in Q2-2026 1.00 0.99 0.96 0.72 0.72 41.6m Hours worked Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 1
Slide 51: Diversified Portfolio
DIVERSIFIED PORTFOLIO P&P RESERVES M&I RESOURCES FY-2025 2026 Guidance as at 31 Dec 2025 as at 31 Dec 2025 ASSET COUNTRY PRODUCTION AISC PRODUCTION AISC1 CONTAINED GRADE CONTAINED GRADE (koz) (US$/oz) (koz) (US$/oz) GOLD (Moz) (g/t) GOLD (Moz) (g/t) Houndé Burkina Faso 257 1,354 220 – 255 1,800 – 2,
Slide 52: Reserve and Resource Evolution
RESERVE AND RESOURCE EVOLUTION Depletion and model optimisation partially offset by discoveries and gold price increase P&P reserve bridge1 18.4Moz (0.7Moz) (0.4Moz) (0.1Moz) 16.6Moz 1.8Moz (0.5Moz) (0.4Moz) +0.3Moz - P&P reserves FY-2025 vs FY-2024 2024 Year-end Houndé Ity Mana Sabodala- Lafigué As
Slide 53: H1-2026 Performance vs Guidance
H1-2026 PERFORMANCE VS GUIDANCE Group on track to achieve full-year guidance OUTLOOK H1-2026 Production vs Guidance OUTLOOK H1-2026 AISC vs Guidance ON ON $1,300/oz $1,500/oz Ity H1 H1 TRACK TRACK 148koz 285 - 330koz $1,438/oz ON ON $1,800/oz $2,000/oz Houndé H1 H1 TRACK TRACK 110koz 220 - 255koz $2
Slide 54: Houndé Mine
HOUNDÉ MINE Burkina Faso 220-255koz $1,800-2,000/oz 1.90Moz 2.63Moz As at As at 2026 Guidance 2026 Target 31 December 2025 31 December 2025 Production AISC1 P&P Reserves M&I Resources2 Overview The Houndé mine is one of Endeavour’s The goal is to delineate sufficient additional resources cornerstone
Slide 55: Houndé Mine Overview
HOUNDÉ MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 • Greater mining flexibility with multiple available ore sources Resources shown Tonnage Grade Content (Mt) (Au g/t) (Au koz) following stripping at Vindaloo and the incorporation of Kari Pump inclusive of Reserves
Slide 56: Houndé Mine: Higher Grade Expected in Q4-2026
HOUNDÉ MINE Higher grade expected in Q4-2026 as waste stripping advances Q2-2026 vs Q1-2026 INSIGHTS Production and AISC • Production increased due to higher tonnes milled and recovery Production, koz AISC, US$/oz rates. • AISC increased driven by increased sustaining capital, primarily related to w
Slide 57: Houndé Exploration Overview
HOUNDÉ EXPLORATION OVERVIEW Focused on maintaining a +10 year mine life Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Vindaloo airstrip Vindaloo Deeps Kari Fault Karba Kari Deeps TARGET SCREENING Bubble size represents risk- adjusted deposit size Kari Deeps Grand Espoir Karba Kari Fa
Slide 58: Vindaloo Deeps
VINDALOO DEEPS Resource update expected in H2-2026 INSIGHTS Vindaloo Deeps deposit map › Vindaloo Deeps is a thick, high-grade underground extension to the Vindaloo Main pit. › Large, high-grade resource expected to be defined that could significantly increase production outlook and extend mine life
Slide 59: Ity Mine
ITY MINE Côte d’Ivoire 285-330koz $1,300-1,500/oz 3.18Moz 5.48Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC1 P&P Reserves M&I Resource2 Overview The Ity mine is one of Endeavour’s cornerstone assets. It has the The CIL plant was successfully built ahea
Slide 60: Ity Mine Overview
ITY MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 Tonnage Grade Content • Continued inclusion of new discoveries, including Le Plaque, to Resources shown (Mt) (Au g/t) (Au koz) provide greater mining and processing flexibility. inclusive of Reserves (on a 100% basis)
Slide 61: Ity Mine: Strong Q4-2026 Expected
ITY MINE Strong Q4-2026 expected driven by high grades from the Walter pit Q2-2026 vs Q1-2026 INSIGHTS Production and AISC • Production increased due to higher grades processed and Production, koz AISC, US$/oz higher mill throughput. • AISC decreased primarily due to the higher volume of gold sold a
Slide 62: Ity Exploration Overview
ITY EXPLORATION OVERVIEW Focused on maintaining mine life above 10 years Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Gbampleu Goleu Mahapleu Guiamapleu Gueya Mont-Bâ TARGET SCREENING Bubble size represents MONT-BÂ risk-adjusted deposit size Occurrence applied Gbampleu Probability o
Slide 63: Ity Resource Model
ITY RESOURCE MODEL Significant reserve and resource potential at the Ity Donut INSIGHTS 2023 Grand Ity reserve model1 2024 Grand Ity reserve model2 • Significant resource and Bakatouo NW reserve expansion at Ity, in close proximity to the processing plant. Processing Plant Zia • Added 1.2Moz to the
Slide 64: Goleu
GOLEU High priority target hosting high grade mineralisation INSIGHTS Goleu deposit map › The Goleu target is located approximately 15km south of the Ity processing plant on the wider Ity trend, and contains high grade mineralisation, continuous at depth, that was identified in early FY-2025. › Deve
Slide 65: Gbampleu
GBAMPLEU Promising target on the Toulepleu-Ity greenstone belt INSIGHTS Gbampleu deposit map › The Gbampleu discovery is located in the Toulepleu exploration permit (PR462), 22km south of the Ity processing plant. The prospect sits in the centre part of the Toulepleu-Ity greenstone belt, on the sout
Slide 66: Gbampleu
GBAMPLEU Promising target on the Toulepleu-Ity greenstone belt 66
Slide 67: Mana Mine
MANA MINE Burkina Faso 155-180koz $2,000-2,250/oz 0.60Moz 1.20Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC1 P&P Reserves M&I Resources2 Overview The Mana mine is located in the northern part Recent discoveries resulted in the development of of the hig
Slide 68: Mana Mine Overview
MANA MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 • Mine life extensions through open pit and underground exploration Tonnage Grade Content Resources shown (Mt) (Au g/t) (Au koz) • Increasing development rates across three portals at Wona inclusive of Reserves (on a
Slide 69: Mana Mine: Production Expected to Increase in Q4-2026
MANA MINE Production expected to increase in Q4-2026 Q2-2026 vs Q1-2026 INSIGHTS Production and AISC • Production decreased due to lower grades processed and lower Production, koz AISC, US$/oz recoveries. • AISC primarily increased due to the lower volumes of gold sold and higher sustaining capital
Slide 70: Mana Exploration Overview
MANA EXPLORATION OVERVIEW Focussed on extending mine life to +10 years EXPLORATION RESOURCE TARGETING APPRAISAL Bara Wona Deeps UG Momina TARGET SCREENING Bubble size represents risk- adjusted deposit size Bara Wona Deeps UG Occurrence applied Probability of Momina Stage 70
Slide 71: Wona Deeps
WONA DEEPS Mineralisation remains open at depth below the existing underground INSIGHTS Wona Deeps deposit map › An exploration programme of $5.0 million is planned for FY-2026, focusing on improving resource Wona Deeps Long Section showing Grade Control8.5m Resources 7.0m @ 7.36 g/t definition and
Slide 72: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Senegal 260-305koz $1,350-1,550/oz 2.77Moz 5.19Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC1 P&P Reserves M&I Resources2 Overview The Sabodala-Massawa complex has potential to become a Construction of the Sabodala-Massawa expansi
Slide 73: Sabodala-Massawa Mine Overview
SABODALA-MASSAWA MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 • BIOX throughput optimisation targeting +10-15% Resources shown Tonnage Grade Content inclusive of Reserves (on a 100% basis) (Mt) (Au g/t) (Au koz) • Exploring for new high-grade CIL ore sources on newly
Slide 74: Sabodala-Massawa: Stable CIL Performance
SABODALA-MASSAWA MINE Stable CIL performance with improved BIOX performance expected Q2-2026 vs Q1-2026 INSIGHTS Production and AISC Production, koz AISC, US$/oz 78koz › Production decreased due to lower tonnes milled and lower 67koz 64koz recovery rates. 62koz 61koz › AISC primarily increased due t
Slide 75: Sabodala-Massawa: Underground Expansion Scoping
SABODALA-MASSAWA MINE Scoping underway for high-grade underground expansion INSIGHTS Underground reserves and resources As at 31 December 2025 › Feasibility level scoping work is underway to update the Tonnage Grade Content Sabodala-Massawa underground mine plan. (kt) (Au g/t) (Au koz) Total Sabodal
Slide 76: Unlocking BIOX Throughput and Recoveries
SABODALA-MASSAWA MINE Unlocking BIOX throughput and recoveries BIOX processing history Throughput, kt Recovery, % INSIGHTS BIOX Throughput: 82.0% 78.3% 79.0% › Throughput is targeting 15% above design nameplate by 2027. 76.0% › During FY-2026, throughput and recovery rates are expected to 72.4% 71.0
Slide 77: Near Term Exploration Focussed on Adding High-Grade CIL Ore
SABODALA-MASSAWA MINE Near term exploration focussed on adding high-grade CIL ore INSIGHTS Sabodala-Massawa overview › Following success in the FY-2024 exploration campaign at Sabodala-Massawa, the Kiesta C and Soukhoto high grade, non-refractory deposits were incorporated into the mine plan and are
Slide 78: BIOX Flowsheet
BIOX FLOWSHEET Pebble crusher Primary crushing Refractory ore CIL Plant Flotation Ball mill Gravity SAG mill concentrator Tailings thickening Counter current decantation thickeners BIOX® reactors Regrind mill Neutralization CIL Cyanide Tailings storage destruction facility Elution Electrowinning Fur
Slide 79: CIL Flowsheet
CIL FLOWSHEET Pebble crusher Gravity concentrator Primary crushing Stockpile A SAG mill Ball mill -150+45mm Primary crushing Stockpile B Ball mill Secondary crushing Leach tanks Adsorption tanks Tailings storage Tailings thickening facility BIOX® Float tails Elution Electrowinning Furnace Gold bars
Slide 80: High Grade Reserves & Resources
HIGH GRADE RESERVES & RESOURCES Potential for significant additions given exploration potential Sabodala-Massawa reserves and resources by ore type OXIDE TRANSITIONAL FRESH TOTAL Tonnage Grade Content Tonnage Grade Content Tonnage Grade Content Content (kt) (Au g/t) (Au koz) (kt) (Au g/t) (Au koz) (
Slide 81: Sabodala-Massawa Exploration Overview
SABODALA-MASSAWA EXPLORATION OVERVIEW Targeting near-term non-refractory and longer-term refractory deposits Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Gora Khosa Kawsara Golouma Sika Kerekounda Bakan Sira Soma Gora KA Makana Mafa TARGET SCREENING Bubble size represents risk- adju
Slide 82: Kawsara
KAWSARA Expected to provide near-term CIL ore INSIGHTS › Kawsara is a 10km long mineralised INSET trend, located ~35km southeast of the Permits Kanoumba Exploration Permit Sabodala-Massawa processing plant. Massawa Mining Permit › Potentially major resource with near- Drilling Collars surface minera
Slide 83: Kawsara
KAWSARA Expected to provide near-term CIL ore 83
Slide 84: Kawsara
KAWSARA Expected to provide near-term CIL ore 84
Slide 85: Makana
MAKANA Expected to provide medium-term, high grade CIL ore INSIGHTS › The Makana deposit has the potential to provide high grade CIL ore in the nearer-term, with near-surface mineralisation. › The Makana deposit is located approximately 20km from the Sabodala-Massawa processing plant and is situated
Slide 86: Lafigué Mine
LAFIGUÉ MINE Côte d’Ivoire 170-195koz $1,600-1,800/oz 1.93Moz 2.28Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC1 P&P Reserves M&I Resources2 Overview The Lafigué mine is Endeavour’s newest cornerstone asset. It Construction began in Q4-2022 with first
Slide 87: Lafigué Mine: Throughput Exceeds Nameplate
LAFIGUÉ MINE Throughput continues to exceed design nameplate Q2-2026 vs Q1-2026 INSIGHTS Production and AISC › Production decreased due to a decrease in average grades Production, koz AISC, US$/oz milled and recovery rates. › AISC decreased due to lower sustaining capital related to waste stripping,
Slide 88: Lafigué Exploration Overview
LAFIGUÉ EXPLORATION OVERVIEW Long-term potential to grow endowment Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Corridor WA 01-03 Central Area Corridor Target 04-T12 Corridor WA 02-06 Corridor WA 08 Corridor Target 01 Waste Dump SE Corridor Target 9-11 TARGET SCREENING Bubble size r
Slide 89: Assafou Project
ASSAFOU PROJECT Côte d’Ivoire 320koz $1,026/oz 4.4Moz 5.0Moz As at As at First 8 years First 8 years 31 December 2025 31 December 2025 Production AISC1 P&P Reserves M&I Resources2 Overview The Assafou project will become Endeavour’s next cornerstone asset. It also demonstrates the capabilities of th
Slide 90: Assafou: Endeavour's Next Cornerstone Asset
ASSAFOU Endeavour’s next cornerstone asset INSIGHTS ASSAFOU PROJECT EARLY WORKS Q2-2026: Work Stream Q2-2026 Q3-2026 Q4-2026 Q1-2027 Q2-2027 Q3-2027 Q4-2027 Q1-2028 › Procurement of long-lead items has Early Works been launched. EPCM Award Detailed Design & Engineering › Detailed engineering and des
Slide 91: Assafou Project Upfront Capital Cost
ASSAFOU PROJECT Endeavour’s next cornerstone asset INSIGHTS ASSAFOU PROJECT UPFRONT CAPITAL COST ESTIMATE SUMMARY (-10/+15%) Capital cost summary: CAPITAL COSTS ($M) Pre-production Mining 111.4 › Upfront capital cost of $1.1bn, with Processing Plant Costs 155.8 Group well positioned to continue Reag
Slide 92: Assafou Project DFS Economic Sensitivity
ASSAFOU PROJECT Côte d’Ivoire ASSAFOU PROJECT DFS ECONOMIC SENSITIVITY ASSAFOU PROJECT DFS SUMMARY OPERATION TYPE Gold Price $2,000/oz $2,500/oz $3,000/oz $4,000/oz Mine type Open Pit PRE-TAX Plant type 5.0Mtpa Gravity / CIL Plant NPV5%, $m 1,625 2,909 4,250 6,934 RESERVES & RESOURCES1 IRR, % 23 34
Slide 93: Assafou Exploration Overview
ASSAFOU EXPLORATION OVERVIEW Potential to expand resource beyond the Assafou deposit Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Pala Trend 1 Djani-Yao Pala Trend 2 Pala Trend 3 Dakoua Broukro Attrame Pala SW Koumenagaré Gbokore-Guiende Corridor TARGET SCREENING Bubble size represe
Slide 94: Assafou: Resource Growth Expected
ASSAFOU Resource growth expected at the Assafou deposit INSIGHTS › An exploration programme of $10.0 million is planned for FY-2026 at the Assafou deposit, of which $2.1m was spent in Q2 consisting of over 1,200m of drilling across 4 drill holes. › Drilling is focused on delineating and expanding re
Slide 95: Assafou Cross Section A0600
ASSAFOU Resource growth expected at the Assafou deposit Cross section A0600 95
Slide 96: Assafou Cross Section A0833
ASSAFOU Resource growth expected at the Assafou deposit Cross section A0833 96
Slide 97: Assafou Cross Section A1716
ASSAFOU Resource growth expected at the Assafou deposit Cross section A1716 97
Slide 98: Assafou Cross Section A1766
ASSAFOU Resource growth expected at the Assafou deposit Cross section A1766 98
Slide 99: Assafou Cross Section A1850
ASSAFOU Resource growth expected at the Assafou deposit Cross section A1850 99
Slide 100: Assafou Cross Section A1866
ASSAFOU Resource growth expected at the Assafou deposit Cross section A1866 100
Slide 101: Assafou Cross Section A2316
ASSAFOU Resource growth expected at the Assafou deposit Cross section A2316 101
Slide 102: Assafou Cross Section A2333
ASSAFOU Resource growth expected at the Assafou deposit Cross section A2333 102
Slide 103: Assafou Cross Section A2416
ASSAFOU Resource growth expected at the Assafou deposit Cross section A2416 103
Slide 104: Assafou Cross Section A2966
ASSAFOU Resource growth expected at the Assafou deposit Cross section A2966 104
Slide 105: Pala Trend 2 and 3
PALA TREND 2 AND 3 Near-surface mineralisation to supplement near-term production at the Assafou project INSIGHTS Pala Trend 2 and 3 deposit map PALA TREND 3 › Maiden M&I resource of 4.7Mt @ 1.55g/t (0.2Moz Au) effective 31 Dec 2025 › High-grade continuous oxide resources start at surface and provid
Slide 106: Pala Cross Section A1166
ASSAFOU Resource growth expected at Pala 3 Pala 3 cross section A1166 106
Slide 107: Pala Cross Section A1266
ASSAFOU Resource growth expected at Pala 3 Pala 3 cross section A1266 107
Slide 108: Pala Cross Section A1366
ASSAFOU Resource growth expected at Pala 3 Pala 3 cross section A1366 108
Slide 109: Pala Cross Section P2800
ASSAFOU Resource delineation at Pala 2 Pala 2 cross section P2800 109
Slide 110: Pala Cross Section A3000
ASSAFOU Resource delineation at Pala 2 Pala 2 cross section A3000 110
Slide 111: Koulou Gold Investment
INSIGHTS › Endeavour has strategically invested c$10m in Koulou Gold for a 19.9% ownership stake, through three investments in May 2024, March 2025 and April 2026. Koulou Gold Côte d’Ivoire KOULOU GOLD INVESTMENT has four high priority projects: Assuéfry project › The Assuéfry property is located im
Slide 112: East Star Resources Joint Venture
INSIGHTS › On 25 October 2025, Endeavour signed a partnership-style joint venture (“Joint Venture”) with East Star Resources (LSE:EST)(“East Star”), a Kazakhstan based gold and base metals explorer, EAST STAR RESOURCES JOINT VENTURE Kazakhstan targeting tier-1 gold deposits in the Central and Northe
Slide 113: The Kazakh Economy
GOLD PRODUCTION2, Moz 4.2% 3.3 3.1 KAZAKHSTAN 2.7 CAGR 2.3 2.3 2.3 2.2 2.2 2.2 2.2 2.0 1.6 THE KAZAKH 1.4 ECONOMY Kazakhstan is Central Asia’s 2021 2013 2014 2015 2016 2017 2018 2019 2020 2022 2023 2024 2025 largest economy. While it has long relied on energy POLITICAL ECONOMIC2 RESOURCE EXPORTS3 ex
Slide 114: The Guiana Shield
“ ATLANTIC OCEAN eueAny Q1SIHS VNVIND JHL PARTNERSHIP W/ ALTAIR | GREATER OKO | KALANA H tee om ») BOMBORE : os smu LIBERIA BRAZIL SOUTH AMERICA AFRICA © Endeavour Assets (PEP) © Other Gold Assets ~ = Shear Zone : @ Greenstone Belt Proven ' > Greenstone Terrain Inferred ru Sediments Undivided Crysta
Slide 115: Altair Minerals
KEY INSIGHTS › Altair operates the recently consolidated Greater Oko land package, which is the largest consolidated exploration land package in Guyana at 590km2. Guyana ALTAIR MINERALS › Altair’s properties are located immediately adjacent to Oko West (80.3Mt at 2.10g/t for 5.4Moz M&I resources) an
Slide 116: The Guyanese Economy
GOLD EXPLORATION BUDGET1, $M 74.7 64.9 56.4 50.5 THE GUYANESE 38.4 31.7 29.5 26.2 ECONOMY 25.3 23.9 20.5 16.9 15.1 13.4 International tax 7.9 Operating Guyana is one of the fastest 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 growing economies in the world with a GDP gr
Slide 117: Kalana Project
QUICK FACTS (100% BASIS) based on 2021 PFS RESERVES AND RESOURCES as at 31 December 2025 Ownership 80% EDV Mine Type Open Pit Tonnage Grade Content Resources shown (Au koz) Mali KALANA PROJECT (Mt) (Au g/t) Mill Type 3.0Mtpa Gravity / CIL Plant inclusive of Reserves (on a 100% basis) LIFE OF MINE PR
Slide 118: Working as a Trusted Partner
WORKING AS A TRUSTED PARTNER 4
Slide 119: Our Purpose Is to Produce Gold That Provides Meaningful Value
OUR PURPOSE IS TO PRODUCE GOLD THAT PROVIDES MEANINGFUL VALUE TO PEOPLE AND SOCIETY We achieve this by... ENVIRONMENT SOCIETY GOVERNANCE Climate change Economic development Respect for human rights Education Zero harm & employee Water stewardship well-being Biodiversity Health Diversity and inclusio
Slide 120: Being a Trusted Partner: 2025 Economic Contribution
BEING A TRUSTED PARTNER 2025 economic contribution and ESG performance highlights 2025 SUSTAINABILITY REPORT HIGHLIGHTS FULL YEAR ESG REPORTING $2.8bn $919m $309m Economic Contribution Paid to host Wages and related to host countries governments payments in country $1.6bn 95% 33% Spent on in-country
Slide 121: Significant Impact to Host Economies 2021-2025
BEING A TRUSTED PARTNER Significant impact to host economies over the 2021-2025 period PHASE 1 ESG STRATEGY: 2021-2025 IMPACT Economic Economic Access to Education and contribution development healthcare employability $3.3bn1 $6.6bn1 55,000 38,000 Paid to host governments In-country procurement Peop
Slide 122: Continuous Improvement in ESG Ratings
CONTINUOUS IMPROVEMENT IN ESG RATINGS Reflecting increased transparency, disclosure and engagement Severe B- AA AA AA AA AA C+ A C Medium Low Low BBB C- C- 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 B B 54 B- 53 49 C C C 45 39 D- 2019 202
Slide 123: Towards Net Zero
TOWARDS NET ZERO INSIGHTS › Net Zero ambition for Scope 1 and 2 emissions by 2050 Emissions Intensity target of 2026 › Medium-term target: 30% reduction in Scope 1 and 2 intensity by 2030 <600ktCO2e/oz › These targets are aligned with the Paris Agreement (< 2°C global warming) 30% reduction in CO2-e
Slide 124: Energy Sources
ENERGY SOURCES SNAPSHOT OF OUR POWER SOURCES AND OPPORTUNITIES Senegal Côte d’Ivoire Burkina Faso Country Profile Country Profile Country Profile • 80% Fossil, 20% Renewables (Solar, Wind, Hydro) • Well-developed national infrastructure • 49% Imported, 51% National Production Mines & Main Power Sour
Slide 125: Water Stewardship
WATER STEWARDSHIP Water stress index INSIGHTS › Our approach is to use water as efficiently as possible Low <10% › We pay for the water we withdraw as part of our water permits Low-Medium 10-20% › Water withdrawal intensity for the Group Medium-high increased to 44.3 KL/oz due to increased water 20-
Slide 126: Responsible Tailings Management
RESPONSIBLE TAILINGS MANAGEMENT INSIGHTS Endeavour’s TSFs › Conduct regular internal and external audits, results are reported back to senior management and the Board. › In 2026, we established Endeavour's Independent Tailings Review Board (ITRB). › The ITRB has been created to provide independent t
Slide 127: Protecting the Environment
PROTECTING THE ENVIRONMENT PROTECTING INSIGHTS THE ENVIRONMENT TARGETS › We are committed to protecting and conserving nature and biodiversity. Protect >200 hectares Group-wide & 2026 › Our Environmental policy includes a commitment to No Net Loss of Critical Habitat. launch biodiversity initiative
Slide 128: Creating Jobs & Upskilling Talent
CREATING JOBS & UPSKILLING TALENT Our workforce INSIGHTS Our employees, by origin Female employees Nationals Female contractors › Total workforce of 14,615 including 5,381 Local Communities Male employees employees & 9,234 contractors. Expatriates Male contractors › 68% of our Senior Managers are We
Slide 129: Boosting Host Economies
BOOSTING HOST ECONOMIES INSIGHTS FY-2025 Procurement budget FY-2025 Payments to governments National and Local suppliers Senegal › We prioritise in-country suppliers and the Foreign suppliers Côte d’Ivoire development of domestic supply chains to Burkina Faso create employment opportunities. › We co
Slide 130: Community Engagement
COMMUNITY ENGAGEMENT Case study INSIGHTS › 2,321 community consultations held during 2025 › Range of income-generating activities in place, with a focus on the youth and women › 226 grievances received in 2025, a decrease of 12% compared to the 256 received in 2024, largely due to issues regarding c
Slide 131: Education
EDUCATION INSIGHTS › Education is a key priority for Primary Secondary University Internships Endeavour, unlocking socio- School School economic opportunities for members of our host communities. 1,100 Birth Certificates Lvolution Academy University 1,800+ Job Experience (site initiative) Supporting
Slide 132: Targeting Zero Harm
TARGETING ZERO HARM INSIGHTS Lost time injury frequency (LTIFR) Targets › Reported 0.07 LTIFR, well below industry -73% benchmark. 0.26 Target malaria incidence rate of 2026 161/1,000 per employee › 40,000 people reached through malaria 0.20 programmes, including a 77% reduction in workforce malaria
Slide 133: Diversity and Inclusion
DIVERSITY AND INCLUSION INSIGHTS Female representation at Endeavour › Employment of women in mining in West Africa +33% remains relatively new, predominantly due to historical perceptions of the industry and cultural 12% 12% traditions. 11% › We are addressing this bias by actively promoting gender
Slide 134: Ethical Business
ETHICAL BUSINESS INSIGHTS TARGETS › Zero substantiated reports of bribery, corruption, human rights or modern slavery Implement VPSHR compliance audit at 2026 Lafigué and Sabodala-Massawa mines › Set out Group’s 3-year human rights roadmap › Achieved RGMP compliance across all our sites and corporat
Slide 135: Governance Framework
GOVERNANCE FRAMEWORK THE BOARD Quarterly ESG Committee Corporate Governance & Nominating Commitee Audit & Risk Committee Executive Management Committee EVP PA, Security and Social Perf. EVP Operations & ESG Executive ESG SteerCo Quarterly Legal Working groups for Sector Specialists HSE HR Social Tec
Slide 136: Experienced and Diverse Board
EXPERIENCED AND DIVERSE BOARD Size of Board = 9 Nationalities represented on the Board Board experience and skills Strategy & Leadership Health, Safety, Sustainability Finance & Accounting 8 6 1 Metals & Mining International Business West Africa Experience Mergers & Acquisitions Human Resources & Re
Slide 137: West Africa Insights
WEST AFRICA INSIGHTS 5
Slide 138: West Africa's Competitive Advantage
Historically underexplored region; top region for gold discoveries over the last 15 years EXPLORATION WEST AFRICA'S COMPETITIVE Amongst the quickest permitting timelines globally as countries seek to attract investment ADVANTAGE PERMITTING Endeavour is strategically positioned with an unmatched comp
Slide 139: West Africa Ranks 1st for Discoveries
• INDUSTRY EXPLORATION SPEND DISCOVERIES BY AREA For the period between 2010-2024 West Africa 70Moz Ecuador 39Moz Canada 37Moz Indonesia 33Moz WEST AFRICA RANKS USA 31Moz 1ST FOR DISCOVERIES Australia Côte d’Ivoire 30Moz 23Moz China 18Moz The region is significantly under- Burkina Faso 17Moz explore
Slide 140: Endeavour Holds One of the Largest Land Tenement Holdings
UNDER-EXPLORED REGION Dakar Senegal ENDEAVOUR HOLDS ONE OF THE SABODALA-MASSAWA KAWSARA Mali Bamako Burkina Faso Ouagadougou LARGEST LAND MANA HOUNDÉ TENEMENT HOLDINGS Guinea KALANA IN WEST AFRICA KOUTO ASSAFOU Sierra Togo Leone LAFIGUÉ Ghana SAKASSOU ASSUÉFRY Côte d’Ivoire Liberia ITY 60% of greens
Slide 141: West Africa Is the 4th Largest Exploration Focus
GOLD INDUSTRY EXPLORATION BUDGET 2025 In US$ millions 2025 Exploration budget Canada Australia WEST AFRICA1 IS USA West Africa $549m THE 4TH LARGEST Mexico China EXPLORATION FOCUS Côte d’Ivoire $180m Saudi Arabia ACROSS THE GLOBE Argentina Brazil Chile Given that exploration spend often Ghana $112m
Slide 142: Discovery to Production for Gold Mines
DISCOVERY TO PRODUCTION FOR GOLD MINES Average lead time to production since 1990 WEST AFRICA IS Oceania 19 yrs THE FASTEST JURISDICTION TO BUILD A MINE North America 17 yrs Given the importance of mining to West South America 16 yrs African economies, administrations are supportive of the extractiv
Slide 143: West African Projects Are Built Quicker, On-Time and On-Budget
• PRODUCTION GOLD PROJECT CONSTRUCTIONS Based on 44 primary gold projects built since 2010 Project built on time & schedule Project missed budget or schedule WEST AFRICAN Latin America 7 projects 3.0 yrs PROJECTS ARE BUILT QUICKER, ON-TIME North America 10 projects 2.3 yrs AND ON-BUDGET Asia-Pacific
Slide 144: West African Projects Have Low Capital Intensity
GOLD PROJECT CAPITAL INTENSITY Capital intensity calculated as development capital costs divided by M&I Resource as per the feasibility study $146/oz $147/oz WEST AFRICAN PROJECTS HAVE LOW $128/oz CAPITAL INTENSITY $118/oz $108/oz West African projects have the lowest capital intensity of any region
Slide 145: West Africa Is the Fastest-Growing Gold Producing Region
WEST AFRICAN PRODUCTION GROWTH Burkina Faso Côte d’Ivoire Mali Senegal Guinea Ghana Other1 % of Mine Supply WEST AFRICA 16Moz 16% IS THE FASTEST- GROWING GOLD 14Moz 14% PRODUCING REGION 12Moz 12% 10Moz 10% compound annual 8.4% growth rate 1990-2025 8Moz 8% 6Moz 6% production increase +103% over last
Slide 146: West African Gold Production by Country
WEST AFRICAN GOLD PRODUCTION BY COUNTRY FY-2025 gold production by country WEST AFRICA 16Moz IS THE LARGEST GLOBAL GOLD PRODUCING REGION 12Moz 11Moz 6 out of the top 10 senior gold producers have a presence in West Africa, with 9Moz Endeavour being the largest producer in the region. 8Moz 6Moz 4Moz
Slide 147: Favourable Mining Jurisdictions
WEST AFRICAN ECONOMIC AND MONETARY UNION FAVOURABLE MINING JURISDICTIONS Stable mining code and a well-balanced profit-sharing framework to encourage investment into the mining sector. WAEMU has adopted standardised tax principles across member countries, creating consistency that allows Royalty rat
Slide 148: Alignment of Mining Codes
ALIGNMENT OF MINING CODES Well-aligned mining codes across West Africa CÔTE D’IVOIRE BURKINA FASO SENEGAL Low High Rate Low High Rate Government 0 1,000 5.00% 1,5004 1,700 6.00% Royalty rate at 1,000 1,300 5.50% 1,700 2,000 6.50% US$/oz gold 1,300 1,600 6.00% 2,000 3,000 7.00% price Flat 5% Royalty
Slide 149: Enhanced Security Platform Due to Scale in the Region
ENHANCED SECURITY PLATFORM DUE TO SCALE IN THE REGION › Security unit structured as a business unit, led by ex-French military › Air strips on sites to avoid use of roads and improve operating efficiencies › Strong relationship with in-country security forces including: › Government › Military › Sec
Slide 150: The Senegalese Economy
GOLD PRODUCTION1, Moz SENEGAL SENEGAL 9% 0.7 CAGR 0.7 0.7 SABODALA 0.6 0.6 MAKABINGUI 0.6 MASSAWA 0.6 0.5 THE SENEGALESE DIAMBA 0.4 Mako 0.4 SUD ECONOMY 0.3 0.3 0.3 0.3 0.2 BOTO 0.2 Birimian greenstone belt Endeavour Asset Senegal, has a reputation as Other Gold Asset Other Gold Project 2010 2011 20
Slide 151: The Ivorian Economy
Birimian greenstone belt Endeavour Asset TONGON GOLD PRODUCTION1, Moz Endeavour Project / Advanced Exploration CÔTE Other Gold Asset 15% 2.1 KONE 2.0 D’IVOIRE Other Gold Project LAFIGUÉ SEGUELA 1.8 1.7 ASSAFOU CAGR 1.5 YAOURE 1.3 ABUJAR 1.1 THE IVORIAN ITY MINE Yamoussoukro 0.9 0.8 0.8 0.8 BONIKRO 0
Slide 152: The Burkinabe Economy
Birimian greenstone belt Endeavour Asset GOLD PRODUCTION1, Moz INATA ESSAKANE Other Gold Asset BURKINA FASO Other Gold Project KARMA TAPARKO 8% 2.9 BOULY 2.7 BISSA CAGR 2.6 2.6 2.5 2.4 Burkina Faso BOMBORE 1.8 Ouagadougou 1.7 THE BURKINABE SANBRADO 1.5 BOUNGOU YARAMOKO MANA 1.3 1.3 1.2 KIAKA 1.1 ECO
Slide 153: Appendix
APPENDIX FT / 26 EEE f
Slide 154: Appendix 1: Management, Board, Corporate Structure & Remuneration Plans
01 APPENDIX 1 Management, Board, Corporate Structure & Remuneration Plans
Slide 155: Executive Management Team
EXECUTIVE MANAGEMENT TEAM Ian Cockerill Guy Young Djaria Traore Rousseau Jooste Guénolé Pichevin CEO CFO EVP Operations & ESG EVP & CTO EVP Strategy & Business • Joined in 2024 as CEO and in 2022 • Joined in 2023 • Joined in 2019 • Joined in 2026 Development as a Director • 25+ years experience in s
Slide 156: Board Members
BOARD MEMBERS Srinivasan Venkatakrishnan Ian Cockerill Alison Baker Alison Henwood John Munro Chair and Independent Executive Director Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Sakhila Mirza Naguib Sawiris Patrick
Slide 157: Corporate Structure
CORPORATE STRUCTURE Issuer Endeavour Mining plc Guarantor Non-Guarantor subsidiary 100% Mining License Endeavour Gold Corporation (Cayman) Restricted Group Exploration Permit 100% 100% 100% 100% 100% 100% Endeavour Canada Holdings Corporation Lafigue Holdings UK Limited Avnel Gold Mining Limited Ity
Slide 158: Short Term Incentive Plan
SHORT TERM INCENTIVE PLAN WEIGHTING 2026 MEASURES THRESHOLD TARGET MAXIMUM (%) Mine free cash flow 15% Better than the low end of guidance at $3,300/oz Mid-point of Guidance at $3,300/oz Above Guidance at $3,300/oz Production2 15% Above the bottom end guidance at 1,090koz Mid-point of guidance Beat
Slide 159: Long Term Incentive Plan
LONG TERM INCENTIVE PLAN 2026 MEASURES WEIGHTING (%) THRESHOLD TARGET MAXIMUM TSR – Performance 25% At the median (10th place) Interpolated Upper quartile (top 5) (Rank 1-20)1 Dividends2 25% Target less $250m $1,087.5m Target plus $250m Net debt3 10% ≤0.50x ≤0.50x ≤0.20x Exploration 15% 5Moz Resourc
Slide 160: Appendix 2: Mine Statistics & Additional Information
02 APPENDIX 2 Mine Statistics & Additional Information
Slide 161: Mine Statistics: Quarterly
MINE STATISTICS On a quarterly basis HOUNDÉ ITY MANA SABODALA-MASSAWA LAFIGUÉ (on a 100% basis) Q2-2026 Q1-2026 Q2-2025 Q2-2026 Q1-2026 Q2-2025 Q2-2026 Q1-2026 Q2-2025 Q2-2026 Q1-2026 Q2-2025 Q2-2026 Q1-2026 Q2-2025 Physicals Total tonnes mined – OP1 000t 12,704 13,584 13,490 9,423 8,863 7,844 - - -
Slide 162: Mine Statistics: Year-to-Date
MINE STATISTICS On a year-to-date basis HOUNDÉ ITY MANA SABODALA-MASSAWA LAFIGUÉ (on a 100% basis) H1-2026 H1-2025 H1-2026 H1-2025 H1-2026 H1-2025 H1-2026 H1-2025 H1-2026 H1-2025 Physicals Total tonnes mined – OP1 000t 26,288 24,824 18,286 16,219 - - 18,072 19,437 29,259 26,317 Total ore tonnes – OP
Slide 163: Appendix 3: Reserves and Resources, 5-Year Exploration Target
03 APPENDIX 3 Reserves and Resources, 5-year exploration target
Slide 164: Reserves and Resources
RESERVES AND RESOURCES As of 31 December 2025, on a 100% Basis Resources shown Tonnage Grade Content Resources shown Tonnage Grade Content Resources shown Tonnage Grade Content inclusive of Reserves (Mt) (Au g/t) (Au koz) inclusive of Reserves (Mt) (Au g/t) (Au koz) inclusive of Reserves (Mt) (Au g/
Slide 165: Notes to Reserves and Resources
NOTES TO RESERVES AND RESOURCES As of 31 December 2025 165
Slide 166: Exploration Target Methodology
EXPLORATiON TARGET METHODOLOGY Target screening to support operations and deliver tier 1 projects into the pipeline Endeavour’s large land position of more than 7,000km2 and comprehensive database over a very large number of exploration targets promotes the application of a general portfolio managem
Slide 167: Contact Us
CORPORATE OFFICE 5 Young Street, London W8 5EH, United Kingdom T: +44 203 011 2723 OPERATIONS OFFICE Abidjan Office, Route du Lycée Technique, Abidjan, 08 BP 872 Abidjan 08, Côte d’Ivoire T: +225 27 22 48 99 00 CONTACT US investor@endeavourmining.com Follow us: TSX.EDV endeavourmining.com LSE.EDV