Endeavour Mining Corporation: Endeavour Reports Strong Q1-2021 Results
Production up 102% l AISC down 3% l CFPS pre-WC up 48% l Adjusted EPS up 111%
Q1-2021 HIGHLIGHTS
Strong Q1-2021 performance with production up +102% over Q1-2020 to 347koz, while AISC decreased by 3% to $868/oz
Well positioned to meet FY-2021 guidance of 1,365-1,495koz at AISC of $850-900/oz following successful integration of Teranga assets
Adjusted Net Earnings up $78m over Q1-2020 to $105m; up 111% on a per share basis to $0.50/sh
Operating Cash Flow before working capital up $170m over Q1-2020 to $265m; up 47% on a per share basis to $1.28/sh
Endeavour Mining Corporation: Endeavour Reports Record FY-2020 Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Endeavour Reports Record Q4-2020 Preliminary Results and 2021 Guidance
PRELIMINARY RESULTS AND 2021 GUIDANCE
Achieved top end of production guidance l Net Debt reduction of ∼$600m in 2020 l Net Cash position of ~$70m at year-end
HIGHLIGHTS
Record Q4-2020 production of 344koz, a 41% increase over Q3-2020 while AISC decreased by 15% to ~$770/oz
Record consolidated FY-2020 production of 908koz, a 39% increase over FY-2019, while AISC increased by 5% to ~$860/oz
Eighth consecutive year of achieving annual guidance, reaching the top end of production and low end of AISC guidance, in spite of the global COVID-19 pandemic
Net Cash position of ~$70m achieved at year-end, marking a Net Debt reduction of ~$245m during Q4-2020 and ~$600m during FY-2020
Endeavour Announces the Sale of its Non-Core Agbaou Mine
January 22, 2021 07:00 ET | Source: Endeavour Mining Corporation Endeavour Mining Corporation
NON-CORE AGBAOU MINE
Abidjan, January 22, 2021 - Endeavour Mining (TSX:EDV) (OTCQX: EDVMF) is pleased to announce that it has entered into an agreement (the “Agreement”) to sell its 85% interest in its non-core Agbaou mine in Côte d’Ivoire to Allied Gold Corp (“Allied Gold”) for a consideration of up to $80 million with further upside through its equity exposure and a Net Smelter Return (“NSR”) royalty.
Sébastien de Montessus, President and CEO of Endeavour, commented: “The sale of our interest in the Agbaou mine to Allied Gold is in line with our strategy of actively managing our portfolio to focus management efforts on high margin, long-life core assets.
Endeavour Mining Corporation: Endeavour Announces the Sale of its Non-Core Agbaou Mine
NON-CORE AGBAOU MINE
Abidjan, January 22, 2021 - Endeavour Mining (TSX:EDV) (OTCQX: EDVMF) is pleased to announce that it has entered into an agreement (the Agreement ) to sell its 85% interest in its non-core Agbaou mine in Côte d Ivoire to Allied Gold Corp ( Allied Gold ) for a consideration of up to $80 million with further upside through its equity exposure and a Net Smelter Return ( NSR ) royalty.
Sébastien de Montessus, President and CEO of Endeavour, commented: The sale of our interest in the Agbaou mine to Allied Gold is in line with our strategy of actively managing our portfolio to focus management efforts on high margin, long-life core assets.