Cockerill lauds Endeavour's strong operational, financial performance
London- and Toronto-listed gold miner Endeavour Mining CEO Ian Cockerill has described 2025 as a strong year of operational performance and a record year of financial performance for the group, adding that the company safely achieved its strategic objectives.
The group achieved a record free cash flow of $1.16-billion for the financial year ended December 31, 2025, while also reporting record shareholder returns of $435-million, which included $350-million in dividends and $85-million in share buybacks.
Endeavour produced 1.21-million ounces of gold at an all-in sustaining cost of $1 433/oz for the 2025 financial year.
It achieved a 244% increase in adjusted net earnings to $782-million, while adjusted earnings before interest, taxes, depreciation and amortisation increased by 75% year-on-year to $2.32-billion.
Net debt, meanwhile, decreased by $574-million to $158-million as at December 31.
"Importantly, higher gold prices, combined with our strong operational performance, are directly translating into increased margins and increased cash flows. Simultaneously, we contributed $2.8-billion to our host economies this year as we increased our in-country procurement, supporting more than 1 200 national and local businesses. Our enhanced economic impact drives shared benefits that are visible, and continues to strengthen our social licence to operate and the long-term resilience of our business," Cockerill comments.
He adds that the company entered 2026 with strong operating momentum and a healthy balance sheet, positioning it well to deliver sector-leading organic growth and sector-leading shareholder returns.
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