Endeavour Mining reports strong Q1-2026 results with record adjusted EBITDA of $880 million and free cash flow of $613 million, driven by robust operational performance and higher gold prices. The company remains on track to meet FY-2026 guidance, with a focus on H2-2026 weighted performance. Key highlights include a net cash position of $405 million, a $1 billion minimum dividend program for 2026-2028, and significant progress on the Assafou development project, which is expected to become a cornerstone asset with 320kozpa production at low AISC. Exploration efforts continue to expand resources at core assets, and the company maintains a strong commitment to shareholder returns, with total returns expected to exceed $2 billion at prevailing gold prices.
| Financial Metric | Q1-2026 | Q4-2025 | Q1-2025 | YoY Change | QoQ Change |
|---|---|---|---|---|---|
| Revenue (US$ million) | 1,349 | 1,274 | 1,042 | +29.5% | +5.9% |
| Adjusted EBITDA (US$ million) | 880 | 681 | 613 | +43.6% | +29.2% |
| Free Cash Flow (US$ million) | 613 | 476 | 409 | +50.0% | +28.8% |
| Net Cash/(Net Debt) (US$ million) | 405 | (158) | (378) | +211.9% | +356.3% |
| Gold Production (koz) | 282 | 298 | 341 | -17.3% | -5.4% |
| All-in Sustaining Cost (US$/oz) | 1,834 | 1,648 | 1,129 | +62.4% | +11.3% |