Record Free Cash Flow Generation
Endeavor Mining achieved a record free cash flow of $268 million in Q4 2024, bringing total free cash flow to $365 million in H2 2024.
Significant Production Increase
The company produced 1.1 million ounces of gold in 2024, marking a 34% increase in Q4 as growth projects hit nameplate capacity.
Strong Financial Health and Deleveraging
Endeavor Mining reduced its leverage to 0.55 times net debt to EBITDA by the end of the year, with expectations to reach the target of less than 0.5 times soon.
Increased Shareholder Returns
Declared a record dividend for 2024 of $240 million, supplemented with $37 million of share buybacks, totaling $277 million in shareholder returns.
Improved Sustainability Performance
Achieved an improved 17.3 low-risk rating from Sustainalytics, positioning Endeavor as the best-rated gold producer on the platform.
Exploration Success
Increased group reserves by 32% to 18.4 million ounces and achieved a five-year resource discovery target a year early.