Endeavour Mining's 2025 cash flow rises on high gold prices

Endeavour Mining

05/03/2026 07:13

Overview

Gold miner's FY-2025 adjusted EBITDA rose 75%, with adjusted net earnings up 244%

Record FY-2025 free cash flow of $1.2 bln, up 269% from FY-2024

Company returned $435 mln to shareholders, 93% above minimum commitment

Outlook

Endeavour forecasts FY-2026 production of 1,090-1,265 koz at AISC of $1,600-$1,800/oz

Company targets minimum $1 bln dividend over 2026-2028, potentially doubling at current gold prices

Endeavour aims to discover 12-15 Moz of resources by 2030 at <$40/oz discovery cost

Result Drivers

HIGHER GOLD PRICES - Increased realised gold prices significantly boosted margins and cash flows

PRODUCTION INCREASE - Full-year commercial production from Sabodala-Massawa BIOX plant and Lafigué mine contributed to higher output

EXPLORATION SUCCESS - Increased reserves and resources at Assafou and other sites enhanced growth prospects

Company press release: ID:nGNE1D4tTs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
$225 mln
Q4 Net Income
$68 mln
Q4 Adjusted EBITDA
$681 mln
Q4 Adjusted Free Cash Flow
$625 mln
Q4 EBITDA
$471 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Endeavour Mining plc is GBp5,000.00, about 3.1% above its March 4 closing price of GBp4,848.00

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)