Slide 1: Corporate Presentation
CORPORATE PRESENTATION March 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 general economic conditions and the impact of credit availability on the timing of cash flows and the measures, including sustaining capital per ounce, non-sustaining ca
Slide 4: Endeavour Overview
ENDEAVOUR OVERVIEW 1
Slide 5: Endeavour Has an Unmatched Competitive Advantage
Dakar Senegal Mali SABODALA-MASSAWA Burkina Faso KAWSARA Bamako Ouagadougou ENDEAVOUR SIGUIRI HOUNDÉ MANA HAS AN UNMATCHED Guinea KALANA BANTOU Benin KOUTO COMPETITIVE ADVANTAGE IN WEST AFRICA, ONE OF Sierra ASSAFOU LAFIGUÉ Togo Leone THE LARGEST AND MOST SAKASSOU ASSUÉFRY Ghana PROSPECTIVE Liberia
Slide 6: Company Profile
COMPANY PROFILE Highlights Top shareholders Shareholder register as at 31 January 2026 Ticker LSE | TSX: EDV, OTXCQ: EDVMF Shares outstanding as at 28 February 2026 242m Rank Institution name % of S/O 1 BlackRock 18.7 Share price as at 28 February 2026 £52.90 / C$98.15 2 La Mancha 10.1 Market cap as
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 0.07 LTM LTIFR compared to an Industry average
Slide 10: Full Year 2026 Guidance
FULL YEAR 2026 GUIDANCE OPERATIONAL EXCELLENCE Strong operating performance expected FY-2026 Guidance GROUP PRODUCTION koz 1,090 1,265 TOP 10 Global gold producer GROUP AISC $/oz 1,600 1,800 FY-2026 Guidance2 at $3,000/oz Sustaining $m LARGEST GROUP CAPITAL gold producer in West Africa 230 EXPENDITU
Slide 11: Operational Excellence
OPERATIONAL EXCELLENCE OPERATIONAL EXCELLENCE Strong operating performance driving all-in sustaining margin Guidance Track Record 65%1 Production Guidance All-in sustaining margin (%) 56% 52% 53% 50% 50% 48% 28% 36% 39% 40% 1,536koz 1,400koz 12 years Out of last 13 beating or 19% 20% 1,365-1,495koz
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 PFS confirms Assafou’s potential as tier 1 asset for Endeavour INSIGHTS PRE-FEASIBILITY STUDY KEY METRICS The DFS envisages a 5Mtpa Gravity/CIL processing plant, based on an updated R&R model, with the key expected differences between the PFS and
Slide 14: 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 15: Active Portfolio Management
ACTIVE PORTFOLIO MANAGEMENT PORTFOLIO MANAGEMENT An improved portfolio underpinned by high quality growth projects Portfolio Objectives Endeavour’s portfolio Current operations1 Projects Divested Operations AISC, $/oz › Focus management efforts on long-life, low-cost assets 2,250 with production abo
Slide 16: 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 Kouto, Koulou annual production V
Slide 17: 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 18: 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 19: Exploration Efforts by Asset
EXPLORATION EFFORTS BY ASSET UNLOCKING EXPLORATION Strong focus on near mine and greenfield exploration 2026-2030 exploration expenditure $540m New Ventures 10% Côte d’Ivoire Estimated total exploration 28% expenditure 2026 - 2030 $100m Greenfield 36% 20% FY-2026 exploration Senegal guidance 6% Burk
Slide 20: New Ventures Exploration
NEW VENTURES EXPLORATION UNLOCKING EXPLORATION Targeting Tier 1 gold provinces with high prospectivity and low exploration maturity OUR STRATEGY › Greenfield exploration programmes through operated exploration and New Ventures will target between 2 and 3 tier 1 greenfield discoveries over the 2026 –
Slide 21: Exploration Track Record
EXPLORATION TRACK RECORD UNLOCKING EXPLORATION 22.4Moz discovered since 2016, more than double production depletion Total M&I resource discoveries M&I resources discovered Exploration spend 7% 22.4 22.4Moz Group M&I resource grade 8% Discovered % of total M&I discoveries 1.5Moz 18% 1.9Moz Moz 4.0Moz
Slide 22: Exploration Track Record
EXPLORATION TRACK RECORD UNLOCKING EXPLORATION 22.4Moz discovered across two successful exploration programmes M&I discoveries M&I resource as at 31 December 2015 M&I discovered - 2016 -2021 programme M&I discovered - 2021 - 2025 programme <$ 25/oz Discovery cost 3.5Moz 1.2Moz 2.2Moz 2.6Moz DISCOVER
Slide 23: 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 2025 Guidance: HOUNDÉ MINE M&I resources: M&I resources: 230-260koz production at KARI AREA DEPOSITS $19/oz
Slide 24: Assafou Project, Côte d'Ivoire
ASSAFOU PROJECT, CÔTE D’IVOIRE UNLOCKING EXPLORATION Developing a tier 1 mining complex INSIGHTS › Tier-1 discovery is expected to become the Group’s next 5.2Moz cornerstone asset › PFS 4.6Moz resource outlined in approximately 2 years at a low discovery cost of $11 per Indicated ounce › DFS targete
Slide 25: Assafou Project, Côte d'Ivoire
ASSAFOU PROJECT, CÔTE D’IVOIRE UNLOCKING EXPLORATION Unlocking satellite targets at Tanda-Iguela INSIGHTS › The Assafou project hosts several satellite targets within 6km of the Assafou deposit › A maiden resource was published at Pala Trend 3, located 1km southwest of the Assafou deposit, highlight
Slide 26: Free Cash Flow Generation
FREE CASH FLOW GENERATION Record operating cash flow and free cash flow in FY-2025 Free cash flow from all operations Operating Cashflow Free Cash Flow Investing Cashflow DEBT REDUCTION FOCUS ABILITY TO FUND GROWTH AND DELIVER SHAREHOLDER RETURNS DELEVERAGING AND SHAREHOLDER RETURNS $1,156m +$ 843m
Slide 27: Sector-Leading Free Cash Flow Generation
SECTOR-LEADING FREE CASH FLOW GENERATION Strong consensus free cash flow generation outlook 20% 16.9% 15.2% 14.8% 14.3% 15% 13.4% 11.8% 2026E FREE 10% 10.7% 10.4% 9.5% 8.1% 7.2% 6.9% 6.5% CASH FLOW 5% 6.4% 5.9% 5.4% YIELD EDV vs peers 0% OceanaGold Kinross Alamos GoldFields Newmont Resolute Agnico E
Slide 28: Robust Financial Position
ROBUST FINANCIAL POSITION Quickly de-leveraging the balance sheet and increasing shareholder returns Evolution of leverage Net debt / LTM adjusted EBITDA DEBT REDUCTION FUND GROWTH AND DELEVERAGING AND FOCUS DELIVER SHAREHOLDER RETURNS SHAREHOLDER RETURNS 0.07x Net debt / LTM Adj. EBITDA 0.55x as at
Slide 29: Sector-Leading Shareholder Returns
SECTOR-LEADING SHAREHOLDER RETURNS Record H2-2025 shareholder dividend announced Cumulative shareholder returns Minimum Returns Returns per ounce produced Supplemental Returns 435m Share buybacks Dividends per $435m share $85m $ Returned to shareholders $299m for FY-2025 $278m $277m $125m $266m $37m
Slide 30: 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 $512/oz
Slide 31: 2026-2028 Shareholder Returns Programme
2026-2028 SHAREHOLDER ~$ bn RETURNS PROGRAMME 1 Increasing commitment to shareholder returns through growth phase minimum commitment over Shareholder returns programme FY-2026 to FY-2028 Share Buybacks Minimum Dividend Supplemental Dividend Proposed supplemental returns $ 1.6bn Returned to sharehold
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: Being a Trusted Partner
BEING A TRUSTED PARTNER Sustainability efforts underpin top ESG ratings Sustainalytics scores1 Low Endeavour MSCI rating evolution2 High 7% Endeavour (2025) 21% Endeavour (2024) Gold 2025 AA Endeavour (2023) Producer Risk Newmont Rating 2024 AA Barrick 71% Eldorado Agnico Eagle Medium 2023 AA IAMGOL
Slide 34: Financial Results and Outlook
FINANCIAL RESULTS AND OUTLOOK 2
Slide 35: Top Half of Production Guidance Achieved
TOP HALF OF PRODUCTION GUIDANCE ACHIEVED Strong operating performance and gold prices driving all-in sustaining margin growth Production and All-In Sustaining Margin Realised Production, koz All-In Sustaining Margin, US$/oz Gold Price1 363koz 34koz $2,225/oz 341koz 306koz 298koz + 264koz Production
Slide 36: Financial Highlights
FINANCIAL HIGHLIGHTS Record free cash flow in Q4 & FY-2025 QUARTER ENDED TWELVE MONTHS ENDED 31 Dec 30 Sept 31 Dec 31 Dec 31 Dec FY-2025 vs. From Continuing Operations1 (in $ million unless otherwise stated) 2025 2025 2024 2025 2024 FY-2024 75% OPERATIONAL HIGHLIGHTS Gold Production, koz 298 264 363
Slide 37: Adjusted EBITDA and Adjusted EBITDA Margin
ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN Increasing adjusted EBITDA generation at stronger margins Adjusted EBITDA and Adjusted EBITDA Margin Adj. EBITDA from continuing operations Adj. EBITDA Margin +46% Realised Gold Price1 $681m $613m $546m $556m Adj. EBITDA Q4-2025 vs Q3-2025 $466m +2pp 58% 59
Slide 38: Operating Cash Flow
OPERATING CASH FLOW Strong operating cashflow with increased production and gold prices Operating cash flow Realised Operating cashflow from continuing operations Gold Price1 $609m $494m +$ 300m Operating cash flow Q4-2025 vs Q3-2025 $381m $309m $252m + 97% Operating cash flow $2,590/oz $2,783/oz $3
Slide 39: Operating Cash Flow Bridge
OPERATING CASH FLOW BRIDGE Higher gold sales and improved working capital driving higher operating cash flow INSIGHTS Operating cash flow bridge 1. The realised gold price for continuing 2 3 operations, inclusive of realised losses on gold hedges as part of the Group’s Revenue 5 $609m Protection Pro
Slide 40: 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 years taxable FY-2024 $17m $296m FY-2025 $23m $362m $65m $67m earnings, while withholding tax payments reflect cash upstreaming in the
Slide 41: Free Cash Flow
FREE CASH FLOW Record free cash flow in Q4-2025 Free Cash Flow Operating Cashflow Free Cash Flow $609m Investing Cashflow $494m $409m $476m +$ 310m $381m Free Cash Flow Q4-2025 vs Q3-2025 $309m $268m $252m $166m $104m + 187% ($85m) Free cash flow ($113m) ($133m) Q4-2025 vs Q3-2025 ($148m) ($143m) Q4
Slide 42: Change in Net Debt
CHANGE IN NET DEBT Improving gross debt, net debt and leverage in Q4-2025 INSIGHTS Change in net debt 1 1. Operating activities included $625m in $453m operating cashflow before changes in working capital and a $16m working capital outflow. 2. Investing cash outflows included $47m of sustaining capi
Slide 43: Robust Financial Position
ROBUST FINANCIAL POSITION Quickly de-levered balance sheet; well positioned to deliver organic growth and shareholder returns Evolution of net debt Net debt/LTM Net debt (cash), $m Adj. EBITDA $732m 0.07x Net debt / LTM Adj. EBITDA as at 31 December 2025 $469m $453m $378m Expect to maintain leverage
Slide 44: Net Earnings from Continuing Operations
NET EARNINGS FROM CONTINUING OPERATIONS Adjusted net earnings increased quarter on quarter INSIGHTS 3 MONTHS ENDED 1. The Group recognised a non-cash impairment of $193m 31 Dec 30 Sept (in $ million) A = Adjustments made for Adjusted Net Earnings in relation to the Bantou and Nbanga properties in 20
Slide 45: Debt Structure
DEBT STRUCTURE Significant reduction in gross debt following full repayment of RCF Change in debt drawn INSIGHTS ($m) Interest Rate Maturity 31 Dec 2025 30 Sep 2025 30 Dec 2024 › The Group’s Revolving Credit Facility (RCF) remained fully undrawn at 31 December 2025. $500m Senior Notes 5.00 % Oct 202
Slide 46: Stable Credit Rating
STABLE CREDIT RATING S&P credit rating is capped by sovereign rating S&P long-term foreign currency debt credit ratings Endeavour BB- BB- Côte d’Ivoire BB- S&P rating Senegal CCC+ Stable Outlook across all Burkina Faso CCC+ jurisdictions 46
Slide 47: Short Term Revenue Protection Programme
SHORT TERM REVENUE PROTECTION PROGRAMME Increased certainty of cash flows during growth and debt reduction phases INSIGHTS Gold collars Gold price in US$/oz › In Q4-2025, approximately 50koz were 4,800 delivered into a collar with an average call 4,600 price of $2,400/oz and an average put price 4,4
Slide 48: Tackling Inflationary Pressures
TACKLING INFLATIONARY PRESSURES Stable cost base supporting improving margins INTERNAL FACTORS IMPACTING AISC EXTERNAL FACTORS IMPACTING AISC CONTRACTORS ROYALTIES Multiyear contracts in place ~20% ~22% Government royalty rates vary on mining contractors at Ity between 5 - 10% by country and and Man
Slide 49: FY-2026 Guidance
FY-2026 GUIDANCE Capital Expenditure Guidance FY-2025 FY-2026 GUIDANCE (All amounts in US$m) Houndé 37 50 Production Guidance Ity 33 40 Mana 88 60 (All amounts in koz, on a 100% FY-2025 FY-2026 GUIDANCE Sabodala-Massawa 42 50 basis) Lafigué 8 30 Houndé 257 220 — 255 Corporate 2 — SUSTAINING CAPITAL
Slide 50: Our High Quality Portfolio
OUR HIGH QUALITY PORTFOLIO 3
Slide 51: Safety Performance
SAFETY PERFORMANCE Continued industry leading safety record LTIFR and hours worked Hours Worked (Millions, 12 month trailing basis) LTIFR (12 month trailing basis)1 41.6m 39.4m 38.0m 38.1m 39.4m 0.07 LTIFR in Q4-2025 0.13 0.05 0.05 0.05 0.07 +2.2m Hours worked Q4-2025 vs Q3-2025 Q4-2024 Q1-2025 Q2-2
Slide 52: Diversified Portfolio
DIVERSIFIED PORTFOLIO P&P RESERVES M&I RESOURCES 2025 Actuals 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
Slide 53: Group Operating Performance by Asset
GROUP OPERATING PERFORMANCE BY ASSET Stable production in FY-2026 with H2 weighted performance due to phased waste stripping Production, koz AISC, US$/oz 274koz 260-305koz 343koz 319koz 285-330koz 229koz $1,350 - $1,300 - 1,550/oz 1,500/oz $1,158/oz $1,248/oz $1,197/oz $919/oz Sabodala Ity Massawa 2
Slide 54: 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 55: Houndé Mine
HOUNDÉ MINE Burkina Faso 220-255koz $1,800-2,000/oz 1.90Moz 2.63Moz As at As at 2026 Guidance 2026 Target 31 December 2025 31 December 2025 Production AISC P&P Reserves M&I Resources1 Overview The Houndé mine is one of Endeavour’s The goal is to delineate sufficient additional resources cornerstone
Slide 56: Houndé Mine
HOUNDÉ MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 • Greater mining flexibility with multiple available ore sources Resources shown Tonnage Grade Content (Mt) (Au g/t) (Au koz) following stripping at Vindaloo and the incorporation of Kari Pump inclusive of Reserves
Slide 57: Houndé Mine
HOUNDÉ MINE Higher stripping expected in FY-2026 with H2-2026 weighted production Q4-2025 vs Q3-2025 INSIGHTS Production and AISC Production, koz AISC, US$/oz › Production decreased slightly due to lower grade ore 109koz processed, partially offset by higher recovery rates 92koz and an increase in m
Slide 58: Houndé Exploration Overview
HOUNDÉ EXPLORATION OVERVIEW Focused on maintaining a +10 year mine life Exploration Strategy EXPLORATION RESOURCE TARGETING APPRAISAL Vindaloo airstrip Vindaloo Deeps Vindaloo airstrip Kari Fault Karba Kari Deeps TARGET SCREENING Bubble size represents risk- adjusted deposit size Kari Deeps Kari Fau
Slide 59: Vindaloo Deeps
VINDALOO DEEPS Mineralisation remains open at depth below the current pit shell INSIGHTS Vindaloo Deeps deposit map › During FY-2023, drilling below the Vindaloo deposit identified two additional mineralised zones at depth, confirming the potential to delineate a sizeable, high grade underground res
Slide 60: Ity Mine
ITY MINE Côte d’Ivoire 285-330koz $1,300-1,500/oz 3.18Moz 5.48Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC P&P Reserves M&I Resources1 Overview The Ity mine is one of Endeavour’s cornerstone assets. It has the The CIL plant was successfully built ahea
Slide 61: Ity Mine
ITY MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 Tonnage Grade Content • Continued inclusion of new discoveries, including Le Plaque, to Resources shown (Mt) (Au g/t) (Au koz) provide greater mining and processing flexibility. inclusive of Reserves (on a 100% basis)
Slide 62: Ity Mine
ITY MINE Stable production outlook for FY-2026 Q4-2025 vs Q3-2025 INSIGHTS Production and AISC Production, koz AISC, US$/oz › Production decreased due to lower average grades processed, partially offset by an increase in mill 84koz 84koz 84koz 77koz 74koz throughput. $1,269/oz › AISC increased due t
Slide 63: 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 MONTA-BÂ risk-adjusted deposit size Occurrence applied Gbampleu Probability
Slide 64: 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 Bakatouo › Added 1.2Mo
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: 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. › A ma
Slide 68: Mana Mine
MANA MINE Burkina Faso 155-180koz $2,000-2,250/oz 0.60Moz 1.20Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC P&P Reserves M&I Resources1 Overview The Mana mine is located in the northern part Recent discoveries resulted in the development of of the high
Slide 69: Mana Mine
MANA MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 • Mine life extensions through open pit and underground exploration Tonnage Grade Content Resources shown (Mt) (Au g/t) (Au koz) • Increasing development rates across three portals at Wona inclusive of Reserves (on a
Slide 70: Mana Mine
MANA MINE Increased Q4-2025 production due to higher average grade Q4-2025 vs Q3-2025 INSIGHTS Production and AISC Production, koz AISC, US$/oz › Production increased due to higher average grades 46koz 46koz processed, tonnes milled and recovery rates. 41koz 41koz 39koz › AISC decreased due to highe
Slide 71: 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 71
Slide 72: Wona Deeps
WONA DEEPS Mineralisation remains open at depth below the existing underground INSIGHTS Wona Deeps deposit map › A total of 7,600m of drilling has been performed in FY-2025 across 12 drill holes to test the extent of Wona Deeps Long Section showing Grade Control8.5m Resources 7.0m @ 7.36 mineralisat
Slide 73: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Senegal 260-305koz $1,350-1,550/oz 2.77Moz 5.19Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC P&P Reserves M&I Resources1 Overview The Sabodala-Massawa complex has potential to become a Construction of the Sabodala-Massawa expansio
Slide 74: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2025 • BIOX throughput optimisation targeting +10-15% Resources shown Tonnage Grade Content inclusive of Reserves (on a 100% basis) (Mt) (Au g/t) (Au koz) • Exploring for new high-grade CIL ore sources on newly
Slide 75: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Strong production expected in FY-2026 Q4-2025 vs Q3-2025 INSIGHTS Production and AISC1 Production, koz AISC, US$/oz 78koz › Production increased due to an increase in the average 70koz 72koz processed grade and recovery rates through the CIL 62koz 61koz plant, partially offset
Slide 76: Sabodala-Massawa Mine BIOX CIL
SABODALA-MASSAWA MINE Overview of Sabodala-Massawa technical review Reserves and resources Detailed review of eight non-refractory and refractory deposits, incorporating 317km of drilling across 7,300 additional grade- control drill holes, confirmed the tonnage, grade and endowment of all deposits u
Slide 77: Sabodala-Massawa Mine
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 Tonnage (kt) Grade (Au g/t) Content (Au koz) the Sabodala-Massawa underground mine plan. Total Sabodal
Slide 78: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Unlocking BIOX throughput and recoveries INSIGHTS BIOX processing history Throughput, kt Recovery, % BIOX Throughput: 82.0% Q4-2025 recoveries impacted by higher › Throughput is targeting 15% above design nameplate by Q1-2026. 78.3% Sulphide:Sulphur content ore in the mill feed
Slide 79: Sabodala-Massawa Mine
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 80: 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 81: 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 82: 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 83: 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 84: Kawsara
KAWSARA Expected to provide near-term CIL ore INSIGHTS › Kawsara is a 10km long anomaly that INSET includes the Tama Toya and Sira Permits Kanoumba Exploration Permit targets. Massawa Mining Permit › The anomaly was drilled in Q1-2024, Drilling Collars identifying a potentially large resource DD wit
Slide 85: Kawsara
KAWSARA Expected to provide near-term CIL ore 85
Slide 86: 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 87: Lafigué Mine
LAFIGUÉ MINE Côte d’Ivoire 170-195koz $1,600-1,800/oz 1.93Moz 2.23Moz As at As at 2026 Guidance 2026 Guidance 31 December 2025 31 December 2025 Production AISC P&P Reserves M&I Resources1 Overview The Lafigué mine is Endeavour’s newest cornerstone asset. It Construction began in Q4-2022 with first g
Slide 88: Lafigué Mine
LAFIGUÉ MINE Throughput continues to exceed design nameplate Q4-2025 vs Q3-2025 INSIGHTS Production and AISC Production, koz AISC, US$/oz › Production increase due to higher average grades processed, while tones milled and recovery rates 60koz remained consistent with the prior quarter. 53koz 48koz
Slide 89: Lafigué Exploration Overview
LAFIGUÉ EXPLORATION OVERVIEW Long-term potential to grow endowment Exploration Strategy EXPLORATION RESOURCE DISCOVERY TARGET TARGETING APPRAISAL (2021-2025) 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 T
Slide 90: Assafou Project
ASSAFOU PROJECT Côte d’Ivoire 329koz $892/oz 4.1Moz 4.6Moz As at As at First 10 years First 10 years 31 December 2024 31 December 2024 Production AISC P&P Reserves M&I Resources1 Overview The Assafou project will become Endeavour’s next cornerstone asset. It also demonstrates the capabilities of the
Slide 91: Assafou Project
ASSAFOU PROJECT Côte d’Ivoire ASSAFOU PROJECT PFS ECONOMIC SENSITIVITY ASSAFOU PROJECT PFS SUMMARY OPERATION TYPE Gold Price $1,500/oz $1,900/oz $2,000/oz $2,500/oz Mine type Open Pit PRE-TAX Plant type 5.0Mtpa Gravity / CIL Plant NPV5%, $m 860 1,882 2,148 3,408 RESERVES & RESOURCES1 IRR, % 18 31 34
Slide 92: Assafou Project
ASSAFOU PROJECT Tanda-Iguela Property, Côte d’Ivoire 92
Slide 93: Assafou Project
INSIGHTS › PFS, based on 31 October 2023 cut-off was completed in December 2024. › Definitive Feasibility Study ("DFS") was immediately launched with key updates Côte d’Ivoire ASSAFOU PROJECT on critical path items outlined below: › Lycopodium, the lead consultant for the DFS and Endeavour’s EPC or
Slide 94: Assafou Project
INSIGHTS › 4.6Moz Indicated resource outlined in approximately two years after discovery at a low discovery cost of $11 per indicated ounce Côte d’Ivoire ASSAFOU PROJECT › Tanda-Iguela property has the potential to become another cornerstone asset for Endeavour › Assafou deposit is amenable to open
Slide 95: 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 SW Pala Koumenagare Gbokore-Guiende Corridor TARGET SCREENING Bubble size represe
Slide 96: Assafou
ASSAFOU Resource growth expected at the Assafou deposit INSIGHTS Assafou deposit map › During Q2 and Q3-2025, infill drilling on the Assafou deposit was completed and confirmed the existing resource model, providing increased confidence in the initial phases of ore mining planned at the deposit. › A
Slide 97: Assafou
ASSAFOU Resource growth expected at the Assafou deposit 97
Slide 98: Pala Trend 2
PALA TREND 2 Near-surface mineralisation to supplement near-term production at the Assafou project INSIGHTS Pala Trend 2 deposit map › Drilling at Pala Trend 2 commenced in FY-2024, identifying a 3km long mineralised trend at contact between Tarkwaian sediments and the Birimian basement. › Over 3,33
Slide 99: Pala Trend 2
PALA TREND 2 Near-surface mineralisation to supplement near-term production at the Assafou project 99
Slide 100: Pala Trend 3
PALA TREND 3 Near-surface mineralisation to supplement near-term production at the Assafou project 100
Slide 101: Koulou Gold Investment
INSIGHTS › Endeavour has strategically invested $6.8m in Koulou Gold for a 19.07% ownership stake, through two investments in May 2024 and March 2025. Koulou Gold has four high Côte d’Ivoire KOULOU GOLD INVESTMENT priority projects: Assuéfry project › The Assuéfry property is located immediately Eas
Slide 102: East Star Resources Joint Venture
INSIGHTS › Building a long-term organic growth pipeline by leveraging early-stage exploration companies operating in highly prospective, immature, gold terranes. EAST STAR RESOURCES JOINT VENTURE Kazakhstan › On 25 October 2025, Endeavour signed a partnership-style joint venture (“Joint Venture”) wi
Slide 103: The Kazakh Economy
GOLD PRODUCTION2, Moz 4.6% 3.3 3.1 KAZAKHSTAN 2.7 CAGR 2.3 2.3 2.3 2.2 2.2 2.2 2.0 1.6 THE KAZAKH 1.4 ECONOMY Kazakhstan is Central Asia’s 2017 2013 2014 2015 2016 2018 2019 2020 2021 2022 2023 2024 largest economy. While it has long relied on energy POLITICAL ECONOMIC RESOURCE EXPORTS3 exports, min
Slide 104: 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 105: Bantou Project
INSIGHTS › Acquired through Endeavour’s acquisition of SEMAFO in 2020 and currently consists of eight mineralised zones with diverse Burkina Faso BANTOU PROJECT mineralisation styles and grades within the prolific Houndé Greenstone Belt. › The Inferred resource is comprised of three main areas with
Slide 106: Greenfield Siguiri Licenses
106 GREENFIELD SIGUIRI LICENSES Guinea
Slide 107: Working as a Trusted Partner
WORKING AS A TRUSTED PARTNER 4
Slide 108: 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 109: Being a Trusted Partner
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 110: Significant Impact to Host Economies
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 111: Continuous Improvement in ESG Ratings
CONTINUOUS IMPROVEMENT IN ESG RATINGS Reflecting increased transparency, disclosure and engagement C+ Severe AA AA AA AA C A Medium C- C- BBB Low Low 2019 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 B B 54 B- 53 49 C C C 45 39 D- 2019 2020 2021 2022 2023
Slide 112: 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 <600tCO2e/oz › These targets are aligned with the Paris Agreement (< 2°C global warming) 30% reduction in CO2-e/
Slide 113: 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 114: Water Stewardship
WATER STEWARDSHIP Water stress index INSIGHTS › Our approach is to use water as efficiently as 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 inc
Slide 115: 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. › We support the Global Industry Standard on Tailings Management (GISTM) and are working towards alignment. › Annual tailings disclo
Slide 116: 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 117: 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 118: 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 119: 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, an increase of 12% compared to the 256 received in 2024, largely due to issues regarding
Slide 120: 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. 1100 Birth Certificates Lvolution Academy University 844 Job Experience Supporting disabled & (site init
Slide 121: Targeting Zero Harm
TARGETING ZERO HARM INSIGHTS Lost time injury frequency (LTIFR) All injury frequency rate (AIFR) › Reported 0.07 LTIFR, well below industry -73% -16% benchmark. 0.26 3.66 3.47 › Malaria incidence rate reduced 73% to 53 0.20 2.86 3.08 2.77 2.74 following the ongoing success of a community malaria pro
Slide 122: 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 123: 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 124: Governance Framework
GOVERNANCE FRAMEWORK THE BOARD ESG Committee Audit & Risk Committee Quarterly 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 Tech Supply Investor Public Performance Servic
Slide 125: Strong and Diverse Corporate Governance
STRONG AND DIVERSE CORPORATE GOVERNANCE Size of Board = 10 Nationalities represented on the Board Board experience by sector Strategy & Leadership International Business 9 7 1 Metals & Mining Finance & Accounting Public Policy Operations & Exploration Corporate Governance Sustainability & Non-Execut
Slide 126: West Africa Insights
WEST AFRICA INSIGHTS 5
Slide 127: 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 128: 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 129: Endeavour Holds One of the Largest Land 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 SIGUIRI KALANA BANTOU IN WEST AFRICA KOUTO ASSAFOU Sierra Togo Leone LAFIGUÉ Ghana SAKASSOU ASSUÉFRY Côte d’Ivoire Liberia IT
Slide 130: West Africa Is the 4th Largest Exploration Focus
GOLD INDUSTRY EXPLORATION BUDGET 2024 In US$ millions Canada Australia WEST AFRICA IS West Africa USA $436m THE 4TH LARGEST Mexico EXPLORATION FOCUS China Argentina ACROSS THE GLOBE Peru Côte d’Ivoire $118m Chile Given that exploration spend often Brazil Ghana 20% Ecuador foreshadows future producti
Slide 131: 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 132: 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 133: 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 $108/oz West African projects have the lowest capital intensity of any region
Slide 134: West Africa Is the Fastest-Growing Gold Producing Region
WEST AFRICAN PRODUCTION GROWTH Burkina Faso Côte d’Ivoire Mali Senegal Guinea Ghana Other1 % of Mine Supply WEST AFRICA 16Moz 14% IS THE FASTEST- GROWING GOLD 14Moz 12% PRODUCING REGION 12Moz 10% 10Moz compound annual 8.5% growth rate 1990-2024 8% 8Moz 6% 6Moz production increase +85% over last deca
Slide 135: West African Gold Production by Country
WEST AFRICAN GOLD PRODUCTION BY COUNTRY FY-2024 gold production by country WEST AFRICA 15Moz IS THE LARGEST GLOBAL GOLD 12Moz PRODUCING REGION 11Moz 6 out of the top 10 senior gold producers 9Moz have a presence in West Africa, with Endeavour being the largest producer in the region. 7Moz 5Moz 4Moz
Slide 136: Favourable Mining Jurisdictions
WEST AFRICAN ECONOMIC AND MONETARY UNION FAVOURABLE MINING JURISDICTIONS Stable mining code and a well-balanced profit-sharing framework to encourage investment into the mining sector. WAEMU has adopted standardised tax principles across member countries, creating consistency that allows Royalty rat
Slide 137: Alignment of Mining Codes
ALIGNMENT OF MINING CODES Well-aligned mining codes across West Africa CÔTE D’IVOIRE BURKINA FASO SENEGAL Low High Rate Low High Rate Government 0 1,000 5.00% 1,5004 1,700 6.00% Royalty rate at 1,000 1,300 5.50% 1,700 2,000 6.50% US$/oz gold 1,300 1,600 6.00% 2,000 3,000 7.00% price Flat 5% Royalty
Slide 138: 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 139: The Senegalese Economy
GOLD PRODUCTION1, koz 712 694 SENEGAL SENEGAL 10% 581 612 561 604 578 SABODALA CAGR MASSAWA MAKABINGUI 408 THE SENEGALESE Mako DIAMBA SUD 262 289 303 306 361 ECONOMY BOTO 190 171 Birimian greenstone belt Endeavour Asset Senegal, has a reputation as Other Gold Asset Other Gold Project 2010 2011 2012
Slide 140: The Ivorian Economy
Birimian greenstone belt Endeavour Asset TONGON GOLD PRODUCTION1, Moz Endeavour Project / Advanced Exploration CÔTE Other Gold Asset 19% 2.4 KONE D’IVOIRE Other Gold Project LAFIGUÉ SEGUELA ASSAFOU CAGR 1.8 1.7 YAOURE 1.5 ABUJAR 1.3 THE IVORIAN ITY MINE Yamoussoukro 1.1 0.9 BONIKRO 0.8 0.8 0.8 ECONO
Slide 141: The Burkinabe Economy
Birimian greenstone belt Endeavour Asset GOLD PRODUCTION1, Moz INATA ESSAKANE Other Gold Asset BURKINA FASO Other Gold Project KARMA TAPARKO 7% 2.9 BOULY 2.7 BISSA CAGR 2.6 2.6 2.5 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 ECONOMY
Slide 142: Appendix
APPENDIX FT / 26 EEE f
Slide 143: Management, Board, Corporate Structure & Remuneration Plans
01 APPENDIX 1 Management, Board, Corporate Structure & Remuneration Plans
Slide 144: Executive Management Team
EXECUTIVE MANAGEMENT TEAM Ian Cockerill Guy Young Djaria Traore Martin White Guénolé Pichevin CEO CFO EVP Operations & ESG EVP & Chief Technical EVP Strategy & Business • Joined in 2024 as CEO and in 2022 • Joined in 2023 • Joined in 2019 Officer Development as a Director • 25+ years experience in s
Slide 145: Board Members
BOARD MEMBERS Srinivasan Venkatakrishnan Ian Cockerill Alison Baker Livia Mahler Alison Henwood1 Chair and Independent Executive Director Independent Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director John Munro Sakhila Mirza Naguib Sa
Slide 146: 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 147: 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-pint of Guidance at $3,300/oz Above of Guidance at $3,300/oz Production2 15% Above the bottom end guidance at 1,090koz Mid-point of guidance Bea
Slide 148: 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 149: Mine Statistics & Additional Information
02 APPENDIX 2 Mine Statistics & Additional Information
Slide 150: Mine Statistics
MINE STATISTICS On a quarterly basis HOUNDÉ ITY MANA SABODALA-MASSAWA LAFIGUÉ (on a 100% basis) Q4-2025 Q3-2025 Q4-2024 Q4-2025 Q3-2025 Q4-2024 Q4-2025 Q3-2025 Q4-2024 Q4-2025 Q3-2025 Q4-2024 Q4-2025 Q3-2025 Q4-2024 Physicals Total tonnes mined – OP1 000t 12,810 12,718 10,833 7,985 7,949 8,120 — — —
Slide 151: Mine Statistics
MINE STATISTICS On a full year basis HOUNDÉ ITY MANA SABODALA-MASSAWA LAFIGUÉ (on a 100% basis) FY-2025 FY-2024 FY-2025 FY-2024 FY-2025 FY-2024 FY-2025 FY-2024 FY-2025 FY-2024 Physicals Total tonnes mined – OP1 000t 50,352 43,116 32,152 30,419 — 930 34,607 43,478 54,040 37,151 Total ore tonnes – OP
Slide 152: Reserves and Resources, 5-year exploration target
03 APPENDIX 3 Reserves and Resources, 5-year exploration target
Slide 153: 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 154: Notes to Reserves and Resources
NOTES TO RESERVES AND RESOURCES As of 31 December 2025 154
Slide 155: Exploration Target Methodology
EXPLORATON 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 manageme
Slide 156: 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