Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) delivered a fourth-quarter earnings beat with strong free cash flow generation, while analysts at Jefferies see the next key catalyst as the feasibility study for its Assafou project, expected later this quarter. The West Africa-focused gold miner reported adjusted earnings per share of $0.93 for the fourth quarter of 2025, topping the Visible Alpha consensus estimate of $0.88.
Jefferies analysts reiterated a “Buy” rating on Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) after the gold producer capped 2025 with a stronger-than-expected fourth quarter, while issuing 2026 guidance broadly in line with market expectations. The brokerage said Endeavour's fourth-quarter production of 298,000 ounces beat both its own forecast and consensus estimates, noting the company met its FY guidance after a solid finish to the year.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) told investors it achieved its FY-2025 guidance and declared a record second-half dividend of US$200 million. The gold miner reported FY-2025 gold production of 1.209 million ounces in the year, at an all-in cost (AISC) of around US$1,435 per ounce.
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Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has laid out an ambitious five-year exploration plan aimed at adding 12 to 15 million ounces of gold at a discovery cost of under $40 an ounce, analysts at Jefferies highlighted on Tuesday. Jefferies said the scale of the program distinguishes the company in a sector struggling to find high-quality new deposits.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has set a five-year exploration target of 12 to 15 million ounces of new resources between 2026 and 2030. The company said it expects average discovery costs will remain below $40 per ounce.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) shares climbed 10% to 3,536p on Thursday after the company posted another strong quarter, powered by high gold prices, firm output and sharply improved cash generation. For the nine months to September, the group produced 911,000 ounces of gold, up 23% on the same period last year and on track for the top half of its annual target of 1.11–1.26 million ounces.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has delivered another strong quarter, using record gold prices to boost cash generation, trim debt and step up cash returns, while keeping this year's production and cost guidance intact. For the nine months to the end of September, the West Africa-focused miner produced 911,000 ounces of gold, up 23% on the same period last year and on track for the top half of its full-year target of 1.11–1.26 million ounces.
JP Morgan has launched its coverage on West African gold producer Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) with an 'Overweight' rating and a £50 per share price target, implying around 63% upside from current levels. Endeavour's low-cost production base and growth potential across Côte d'Ivoire, Senegal, and Burkina Faso make it one of the most attractive gold names in the EMEA region, JP analyst Patrick Jones said.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it remains on course to meet its full-year production and cost targets after a robust performance in the first half of 2025, reporting production of 647,000 ounces of gold. The West Africa-focused precious metals group's all-in sustaining cost, a measure that reflects the total cost to produce each ounce, was $1,281 per ounce for the period, a modest increase of 4% compared with last year.
Berenberg has reiterated its “buy” recommendation on Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF), setting a price target of 3,300p. That's a near 45% premium to Monday's trading price of 2,282p, on the view that the West African gold producer's best days lie ahead.
Perenti has secured a $1.1 billion underground mining contract with an Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) subsidiary for the Mana gold complex in Burkina Faso. The deal, announced on Monday, is part of a broader series of agreements the mining services company has secured in recent weeks, totalling more than $2.1 billion.