Endeavour Mining's Q3: Beating Expectations

Endeavour Mining Corporations Q3 results exceeded expectations, with adjusted earnings of $0.66 per share, a 33% increase from analyst predictions. Despite a slight dip in gold production to 264,000 ounces, the company generated $166 million in free cash flow, equivalent to $629 per ounce. The AISC rose to $1,569 per ounce due to higher royalty costs, but Endeavour reduced gross debt by $425 million. The company reaffirmed its full-year production guidance and announced a new gold exploration joint venture in Kazakhstan.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.