Endeavour offers a compelling investment proposition built on a foundation of operational excellence, robust financial performance and commitment to responsible mining.
We are a top 10 global gold producer focussed on building and maintaining a high-quality portfolio of assets, geographically focussed in West Africa and diversified across five mines and three countries.
We are committed to generating robust cash flow to invest in organic growth through exploration and project development, while also offering an attractive shareholder returns programme to continue delivering long-term value for our investors.
Why invest
1.
Endeavour has a strong track record of operational excellence underpinned by its high quality portfolio, which has resulted in +1.2Moz produced, while maintaining a class-leading AISC.
2.
Endeavour has leveraged its in-house construction expertise and West Africa’s attractive operating environment to deliver five growth projects on budget, on schedule and in under two years, over the last decade.
The company continues to advance its pipeline of near-term growth opportunities, focussed on large, low-cost and long mine life projects capable of achieving an attractive +20% return.
3.
Endeavour holds the largest exploration portfolio in West Africa’s underexplored Birimian Greenstone Belt.
Its exploration programme has delivered 20.7 Moz of Measured and Indicated resource discoveries over the last eight years, more than double the production depletion over the same period, at the low discovery cost of less than $25 per ounce. The company remains on track to achieve its five -year discovery target of 12–15 Moz of mineral resources over the 2026 to 2030 period, for a discovery cost of less than $40 per Measure and Indicated ounce.
4.
Over the 2021 - 2025 period Endeavour has returned $1.6 billion to shareholders in the form of dividends and share buybacks, 83% above its minimum commitment over the period, and equivalent to 38% of its market capitalisation from the start of the programme.
Endeavour is committed to returning capital to shareholders through its updated shareholder returns programme, reflecting its transition to a phase focused on cash flow generation, the company will return at least $1 billion to shareholders over the 2026 – 2028 period provided the realised gold price over the dividend period exceeds $3,000/oz.Endeavour expects to further increase its supplemental returns through additional dividends and share buybacks.
Key stats
1,209 koz
Preliminary 2025 production
2026 guidance: 1,090 - 1,265 koz
$1,435/oz
Preliminary 2025 AISC1
2026 guidance: $1,600/oz - $1,800/oz
Diversified
Across multiple countries and mines
+10 years
Production visibility
Strong
Capital allocation discipline
- This is an Alternative Performance Measure (non-GAAP measure). Please refer to the Annual Report 2023 Financial Review (pages 62 to 71) for definitions and reconciliation of Alternative Performance Measures to IFRS.
Throughout our history, Endeavour has been committed to creating a resilient business by effectively managing our high-quality portfolio across the lifecycle.
