Endeavour Mining Boosts Gold Production Expectations

Endeavour Mining reports a significant rise in fourth quarter gold production, moving from 280k to 363k ounces. Looking ahead, the firm anticipates a 15% growth in fiscal year 2025, signaling strong operational efficiency and a robust outlook for investors.

Date: 30-01-2025

AI Rating: 7

**Production Performance**: Endeavour Mining plc reported a notable increase in gold production during its fourth quarter, achieving 363 thousand ounces compared to 280 thousand ounces in the prior year. This rise indicates improved operational efficiency and a positive trend in output. The company's total gold production for fiscal year 2024 was 1.103 million ounces, aligning with earlier projections but slightly below its forecasted range of 1.130 million to 1.270 million ounces. Notably, the lower production can be attributed to less output from the Sabodala-Massawa site. **Outlook for 2025**: Looking towards fiscal year 2025, the company expects gold production to range between 1.11 million ounces and 1.26 million ounces, which translates to an increase of up to 157 thousand ounces or approximately 15% over the 2024 production figures. This anticipated growth is expected to stem from several factors, including full-year contributions from the Lafigué mine, increased output from the Mana mine due to the expansion of the Wona underground deposit, and enhanced production at Sabodala-Massawa attributed to higher throughput, grades, and recoveries. The positive trajectory in expected gold production for the upcoming fiscal year reflects Endeavour Mining's commitment to increasing operational capabilities and capitalizing on new mining efficiencies.

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