Published: Jan. 22, 2024 at 1:50 a.m. ET
By Joe Hoppe
Endeavour Mining said gold production met its estimates, and forecast further growth.
The London-based gold-mining company said Monday that fourth-quarter production was flat on quarter at 280,000 ounces of gold, at an all-in sustaining cost of around $936 an ounce.
Gold…
By Joe Hoppe
Endeavour Mining said gold production met its estimates, and forecast further growth.
The London-based gold-mining company said Monday that fourth-quarter production was flat on quarter at 280,000 ounces of gold, at an all-in sustaining cost of around $936 an ounce.
Gold production for 2023 was down 8% on year at 1.07 million ounces at an AISC of $964 an ounce on a continuing basis, or 1.17 million ounces on a total basis. This was within guidance for continuing production of 1.06 million to 1.135 million ounces.
Endeavour guided for 2024 production of 1.13 million to 1.27 million ounces, given project start-ups set for the second quarter, at an AISC of $955-$1,035 an ounce.
The company said it would pay $100 million in dividends for the second half of the year, bringing the total dividend for the year up to $200 million.
Write to Joe Hoppe at joseph.hoppe@wsj.com