Endeavour Mining (EDVMF) AI Stock Analysis

Company Guidance

Endeavor expects to achieve the lower half of its full year production guidance range, with costs within the range and year-to-date ASIC at $1.700 per ounce on a royalty adjusted gold price basis; Q4 is expected to be the strongest production quarter of the year, with higher grades at Hounde, Ity, and Sabodala-Massawa and seasonally lower cash costs. At Mana, production is expected to be significantly below the low end of the production guidance and cost above the top end, while Capital expenditure guidance is unchanged for this year; processing is expected to remain paused until Q1 2027, underground ore mining is expected in Q1 2027 subject to all the relevant regulatory approvals, and underground mining activities are expected to ramp up from quarter 2 onwards. Lafigue is on track to deliver near the top end of its production guidance with cost near the lower end of the range, Ity remains on track to achieve its full year production and cost guidance, and Sabodala-Massawa is well on track to achieve both production and all in sustaining cost guidance. Assafou’s CapEx envelope is $1.2 billion, with spending of around about up to $100 million this year, up to 500 in 2028. Sorry, in 2027 and say about $600 odd million in 28, and first gold expected in H1 2029; Sabodala-Massawa underground expansion Phase 2 is expected to launch in early 2027, targeting commercial production by early 28.