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 enabled the company to deliver production guidance for 11 consecutive years, while maintaining an industry-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 18.6 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–-17 Moz of Measured and Indicated resources over the 2021 to 2025 period, for a discovery cost of less than $25 per Measure and Indicated ounce, having already discovered over 10 Moz.
4.
We returned $903 million to shareholders through dividends and share buybacks over the 2021 to 2023 period, equivalent to over $211 for every ounce produced over the same period.
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 $435 million to shareholders over the 2024 – 2025 period, that it will supplement with additional dividends and share buybacks if the gold price exceeds $1,850 per ounce.
Key stats
1,072 koz
2023 production
2024 guidance: 1,130-1,270 koz
$967/oz
2023 AISC1
2024 guidance: $955-1,035/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.
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