Endeavour Reports Q1-2024 Results [Financial Post (Toronto, Ontario, Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Company Research
Source: Financial Post
On track for 2024 guidance • BIOX® Expansion first gold achieved • Lafigué dry commissioning underway OPERATIONAL AND FINANCIAL HIGHLIGHTS (for continuing operations unless otherwise specified) Q1-2024 production of koz at an AISC of $ /oz; on track to achieve full year 2024 guidance with performance strongly weighted towards H2-2024 Adjusted EBITDA of $ m for Q1-2024 , down over Q4-2023 Adjusted Net Earnings of $ m (or $ /sh) for Q1-2024 , flat over Q4-2023 Operating Cash Flow before changes in WC of $ m (or $ /sh) for Q1-2024 , down over Q4-2023 Healthy financial position with a net debt position of $ m at end Q1-2024 with $ m in cash and available liquidity ORGANIC GROWTH Sabodala-Massawa BIOX Expansion first gold pour completed on 18 April 2024, in only 2 years from construction launch, with project on budget and on schedule; expansion ramping up to nameplate capacity in Q3-2024 Lafigué development project on budget and
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