UK's Endeavour Mining Q1 adjusted EBITDA jumps 29% on gold prices

Endeavour Mining

30/04/2026 07:15

Overview

UK-based gold miner's Q1 revenue rose yr/yr on higher realized gold prices

Adjusted EBITDA for Q1 hit record $880 mln, up 29% from prior quarter

Company repurchased $30 mln in shares during Q1; FY guidance maintained

Outlook

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

Company raises 2026 full-year withholding tax guidance to $150-$170 mln due to higher gold prices

Endeavour expects to return at least $2 bln to shareholders over 2026-2028 at current gold prices

Result Drivers

HIGHER GOLD PRICES - Co said increased realized gold prices drove revenue and cash flow growth in Q1

LOWER OPERATING EXPENSES - Co attributed reduced operating expenses to lower production and inventory build-up at Ity and Sabodala-Massawa

HIGHER ROYALTY COSTS - Co said royalty costs increased due to higher realized gold prices and increased rates in Côte d’Ivoire

Company press release: ID:nGNE2TxWnr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
$370 mln
Q1 Net Income
$354 mln
Q1 Adjusted EBITDA
$880 mln
Q1 Adjusted Free Cash Flow
$829 mln
Q1 EBITDA
$872 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 GBp5,175.00, about 24.9% above its April 29 closing price of GBp4,143.00

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)