Q4 2025 Endeavour Mining plc Earnings Call Transcript
Key Points
- Endeavour Mining PLC (EDVMF) delivered a strong operational performance in 2025, producing 1.2 million ounces of gold at an all-in sustaining cost of $1,433 per ounce.
- The company generated a record $1.2 billion in free cash flow, equivalent to over $955 for every ounce of gold produced.
- Endeavour Mining PLC (EDVMF) returned a record $435 million to shareholders in 2025, which is 93% above their minimum commitment for the year.
- The company has committed to a minimum dividend of over a billion dollars over the next three years, with potential for additional dividends and share buybacks.
- Endeavour Mining PLC (EDVMF) contributed $2.8 billion to host countries, including $919 million in direct contributions to host governments, demonstrating strong stakeholder engagement.
- The company's proven and probable reserves decreased by 10% in 2025, driven by production depletion and reserve model optimizations.
- All-in sustaining costs are expected to increase in 2026 due to higher royalty rates and increased waste stripping activities at certain mines.
- The company did not fully replenish reserves in 2025, although they discovered 1.5 million ounces at key sites.
- Endeavour Mining PLC (EDVMF) recorded $193 million in impairments, largely across exploration properties, indicating potential challenges in exploration.
- The company faces potential cost pressures from increased royalty rates in Cote d'Ivoire and a weaker USD/EUR exchange rate assumption for 2026.
Good day and thank you for standing by. Welcome to Endeavor's mining 4th quarter and full year 2025 results webcast. At this time, all participants are in listen-only mode. After management's presentation, there will be the question-and-answer sessions. So for those who wish to ask a question, please dial in the phone line. Please note that due to time constraints, we will be prioritizing questions from covering analysts. Today's conference call is being recorded and a transcript of the call will be available on the Endeavours website tomorrow. I would now like to hand the call over to Endeavour's Vice President of Investor Relations, Jack Garman. Please go ahead.
Hello everyone and welcome to Endeavour's Q4 and 4 year 2025 results webcast.
Before we start, please note our usual disclaimer.
On the call today, I'm delighted to be joined by Ian Cockerrell, Chief Executive Officer, Guy Young, Chief Financial Officer, and Jarria Traore, Executive Vice President of Operations
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
