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