Endeavour Reports Strong FY-2025 Results

About this update from Endeavour Mining Plc

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Q4-2025 production of 298 koz at an AISC of $ 1,648 /oz. FY-2026 production guidance of 1,090-1,265koz at AISC of $ 1,600 - 1,800 /oz. ","length":227,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":227,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Adjusted EBITDA of $2,316m for FY-2025, up +75% over FY-2024; $681m for Q4-2025. ","length":80,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":80,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Adjusted net earnings of $782m (or $3.23/sh) for FY-2025, up +244% over FY-2024; $225m (or $0.93/sh) for Q4-2025. ","length":113,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":113,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" FCF of $1,156m ($956/oz produced) for FY-2025, up +269% over FY-2024; $476m ($1,597/oz produced) for Q4-2025. ","length":109,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":109,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Net Debt reduced by $574m during FY-2025 to $158m; Net debt / Adj. EBITDA (LTM) leverage ratio of 0.07x at year end . ","length":116,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":116,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":" SECTOR LEADING SHAREHOLDER RETURNS AND ORGANIC GROWTH ","length":53,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Record FY-2025 shareholder returns of $ 435 m ( $360/oz produced) including dividends of $ 350 m or $1.45/sh and share buybacks of $ 85 m. Since 2021, over $1.6bn has been returned, 83% above the minimum commitment. ","length":208,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":208,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Updated 2026-2028 programme with ~ $1.0bn minimum dividend that will be supplemented with additional dividends and buybacks; total returns are expected to more than double the minimum commitment, at prevailing gold prices. ","length":221,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":221,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Assafou's environmental and exploitation permits are approved and exploration success increased reserves +6% (+0.3Moz) and M&I resources +13% (+0.6Moz); DFS in Q1-2026, targeting first gold for H2-2028. ","length":210,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":210,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" 2026-2030 exploration strategy target to discover 12 - 15Moz of MI&I resources for a discovery cost of less than $40/oz. ","length":124,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":124,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":" Year-end M&I resources of 25.0Moz (increased 0.4Moz before depletion), down 1.1 Moz or 4% due to depletion, model optimisation and cost model alignment, offset by +1.5Moz of discoveries at Assafou, Sabodala-Massawa and Ity. P&P reserves of 16.6Moz, down 1.8 Moz or 10% due to depletion and model optimisation. ","length":315,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":315,"olType":false}]}]}],"length":1879},{"type":"text","content":" London, 5 March 2026 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the “Company”) is pleased to announce its operating and financial results for Q4-2025 and FY-2025, with highlights provided in Table 1 below.","length":251,"tagName":"p"},{"type":"text","content":" Table 1: Operating and financial highlights from continuing operations 1 ","length":71,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"rowspan":"2","style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" All amounts in US$ million unless otherwise specified ","length":53,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:center;vertical-align:middle;vertical-align:middle;","val":[{"type":"text","content":" THREE MONTHS ENDED 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Management will host a conference call and webcast today, Thursday 5 March 2026, at 8:30 am EST / 1:30 pm GMT. For instructions on how to participate, please refer to the conference call and webcast section at the end of the news release. Today the Management Discussion & Analysis, audited Financial Statements and Annual Report for the year ended 31 December 2025 have been submitted to the National Storage Mechanism and filed on SEDAR+. The documents will shortly be available to view on the Company’s website and at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 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","length":545,"tagName":"p"},{"type":"text","content":" Simultaneously, we contributed $2.8 billion to our host economies this year as we increased our in-country procurement, supporting more than 1,200 national and local businesses. Our enhanced economic impact drives shared benefits that are visible, and continue to strengthen our social license to operate and the long-term resilience of our business. ","length":350,"tagName":"p"},{"type":"text","content":" This resilience is underpinned by our tier 1 Assafou project, where the DFS is approaching completion in Q1, and both the environmental and the exploitation permits have been approved, significantly de-risking the project timeline, which is targeting first gold in H2-2028. Our exploration programme successfully increased reserves and resources at Assafou incorporating additions at Assafou and the Pala satellite deposits, highlighting the growing scale of this tier 1 complex. 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","length":1,"tagName":"p","attribs":{}}]},{"style":"text-align:center;vertical-align:middle;border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:middle;","val":[{"type":"text","content":" 1,350 ","length":5,"tagName":"p","attribs":{}}]}]}],"length":391},{"type":"text","content":" 1 The impact of higher royalty rates as a result of a higher gold prices of $4,227/oz and $3,486/oz for Q4-2025 and FY-2025, respectively, ( exclusive of the impact of the revenue protection programme and the Sabodala-Massawa gold stream), versus $2,000/oz guided gold price. CASH FLOW SUMMARY ","length":292,"tagName":"p"},{"type":"text","content":"The table below presents the cash flow and net debt position for Endeavour for the three months ended 31 December 2025, 30 September 2025, and 31 December 2024, and the year ended 31 December 2025 and 31 December 2024, with accompanying explanations below.","length":256,"tagName":"p"},{"type":"text","content":" Table 7: Cash Flow and Net Debt ","length":31,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"text-align:center;vertical-align:middle;vertical-align:middle;","val":[{"type":"text","content":" THREE MONTHS ENDED ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"text-align:center;vertical-align:middle;vertical-align:middle;","val":[{"type":"text","content":" YEAR ENDED ","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"max-width:48%;width:48%;min-width:48%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" All amounts in US$ million unless otherwise specified ","length":53,"tagName":"p","attribs":{}}]},{"style":"max-width:2%;width:2%;min-width:2%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Notes","length":5,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:middle;","val":[{"type":"text","content":"31 December 2025","length":17,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:middle;","val":[{"type":"text","content":"30 September 2025","length":23,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:middle;","val":[{"type":"text","content":"31 December 2024","length":17,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:center;vertical-align:middle;border-bottom:solid black 1pt;vertical-align:middle;","val":[{"type":"text","content":"31 December 2025","length":17,"tagName":"p","attribs":{}}]},{"style":"max-width:10%;width:10%;min-width:10%;text-align:center;vertical-align:middle;border-bot...

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