$EDV @EndeavourMining Q1 Results beats on all numbers

Beat across all metrics driven by production beats at Boungou, Mana and Houndé, and AISC beats at Boungou, Ity and Mana

 

FY-2021 #Gold production guidance of 1,365-1,495koz at AISC of $850-900/oz  

Click the link to view a short video with CEO, Sébastien de Montessus, presenting a summary of Q1 Results:

https://youtu.be/DiqyxdnmKfI

·     Q1 Broker consensus vs. actuals:
(note that the Bloomberg consensus is incomplete)

›         Beat across all metrics driven by production beats at Boungou, Mana and Houndé, and AISC beats at Boungou, Ity and Mana

›         To note that Q1-2021 financial metrics from continuing operations only include the performance of the Teranga assets for the post-acquisition period commencing February 10, 2021 and exclude Agbaou which was sold on March 1.

·     Endeavour is well positioned to meet FY-2021 guidance of 1,365-1,495koz at AISC of $850-900/oz following successful integration of Teranga assets

·     Balance sheet remains healthy with a Net Debt to EBITDA leverage ratio of 0.16x, despite absorbing $332m of Net Debt from Teranga

·     Strong focus on shareholder returns:

›         First dividend of US$60m paid on February 5, 2021

›         Buyback program underway with US$13m of shares already repurchased in Q2-2021 (to date)

·     LSE premium listing on track for mid-June 2021

·     Upcoming catalysts:

TIMING	CATALYST
Q2-2021	Corporate	Capital markets virtual teach-in event ahead of UK listing
Q2-2021	Corporate	Premium LSE Listing
Q3-2021	Afema	Initial resource estimate
Q3-2021	Sabodala-Massawa	Exploration Update
Q3-2021	Exploration	5-year exploration strategy
Q4-2021	Sabodala-Massawa	Completion of Phase 1 plant upgrades
Q4-2021	Sabodala-Massawa	Completion of Definitive Feasibility Study for Phase 2
Q4-2021	Fetekro	Completion of Definitive Feasibility Study