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Investegate |Endeavour Mining Corporation Announcements | Endeavour Mining Corporation: Endeavour Reports Record Q4-2020 Preliminary Results and 2021 Guidance


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 ....

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