Endeavour Mining (EDV) Corporate presentation summary

Strategic positioning and portfolio overview

• Holds a leading position in West Africa with five operating gold mines and a 2025 production guidance of 1,110–1,260koz at an AISC of $1,150–1,350/oz, targeting 1.5Moz by 2030.

• Portfolio focuses on large, low-cost, long-life assets, with active management and ongoing divestment of non-core assets.

• Maintains strong operational excellence, consistently meeting or exceeding production guidance for 11 of the last 12 years, and delivering a gold production CAGR of 11%.

• Exploration pipeline is robust, with a 5-year target of 12–15Moz in new mineral resources and a $540m exploration budget for 2026–2030.

• ESG leadership is demonstrated by top-tier ratings, sector-leading emissions intensity, and strong local engagement.

Financial performance and outlook

• YTD 2025 production reached 911koz with an AISC of $1,362/oz, and free cash flow generation hit a record $680m.

• Net debt reduced to $453m and leverage to 0.21x by Q3-2025, following full repayment of the revolving credit facility.

• Shareholder returns totaled $233m YTD 2025, with at least $346m expected for the full year, and a new returns program to be announced in Q1-2026.

• Adjusted EBITDA for Q3-2025 was $466m, supported by higher realized gold prices and improved operating cash flow.

• Guidance for 2025 remains unchanged, with production and costs on track, and capital expenditures focused on sustaining and growth projects.

Asset performance and development

• Sabodala-Massawa (Senegal) is expected to achieve the top half of its 2025 guidance, with ongoing technical review and expansion projects.

• Ity (Côte d'Ivoire) and Houndé (Burkina Faso) are both on track to meet production and cost targets, with significant near-mine exploration success.

• Mana (Burkina Faso) is transitioning to full underground operations, with production expected at the upper end of guidance but AISC above the guided range due to higher power and royalty costs.

• Lafigué (Côte d'Ivoire) ramped up ahead of schedule and is expected to achieve the lower half of its production guidance.

• The Assafou project (Côte d'Ivoire) is advancing towards DFS completion in Q1-2026, with a 4.6Moz resource outlined at a low discovery cost.