Endeavour Mining Reports Record Free Cash Flow and Maintains Guidance Amid Operational Challenges
Endeavour Mining reported strong first-half performance in Q2 2026 with $761 million in free cash flow, a 19% increase from the second half of 2025. Adjusted EBITDA reached a record high of $1.6 billion and net cash stood at $254 million by quarter-end. The company returned over $300 million to shareholders through dividends and buybacks during this period. Despite operational challenges, including wet-season conditions affecting production in the third quarter, Endeavour maintained its full-year guidance for output and costs. However, sustaining capital expenditures were raised from $230 million to $280 million due to ongoing growth projects like Assafou and Sabodala-Massawa underground expansion. The Mana mine is expected to miss production targets following disruptions, while a fatal accident at Lafigué prompted enhanced safety measures. Management remains focused on capital returns and organic growth, with plans for final investment decisions by year-end.
Tickers: $SKHYV
Topics: adjusted EBITDA free cash flow gold production guidance maintenance