Endeavour Profit Jumps as Gold Surge Offsets Output Drop

Endeavour Mining's Q1-2026 profit soared with adjusted net earnings at $370m (up from $225m YoY) as realized gold prices hit $4,810/oz, more than offsetting a production drop to 282koz from 341koz. EBITDA climbed to $872m from $540m, driving record free cash flow of $613m and a net cash position of $405m, versus prior net debt. Management reaffirmed FY production guidance of 1,090-1,265koz, unveiled $1bn+ dividends through 2028 plus extras above $3,000/oz gold, and advanced Assafou project with $5.1bn NPV at $4,000/oz. This underscores gold's bullish momentum boosting miner returns.