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Endeavour reports strong Q1-2022 results

Endeavour reports strong Q1-2022 results & highlighted, 1: Q1-2022 gold production of 357koz, up +14% over Q1-2021, while AISC remained relatively flat at $848/oz. 2: Well positioned to meet FY-2022 guidance of 1,315-1,400koz at an AISC of $880-930/oz. 3: Net cash position increased by $90m during the quarter to $167m despite $101m paid in capital returns to shareholders.

Endeavour Mining announced that the Management will host a conference call and webcast. Sebastien de Montessus, President and CEO, commented: “We are pleased to have started the year on a strong footing with both production and all-in sustaining costs well positioned to meet full year guidance.

This performance has resulted in robust cash flow generation during the quarter which, in line with our capital allocation framework, was used to further strengthen our balance sheet, to continue our attractive shareholder returns programme, and to reinvest back into our business.

Our net cash position has improved by $90 million to reach $167 million by the end of the quarter, and we also returned more than $100 million to shareholders over the period through dividends and buybacks.

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