EDVMF - Endeavour Mining: Record Margins In Q1
- Endeavour Mining released its Q1 2022 results last month, reporting quarterly production of ~357,000 ounces of gold from continuing operations (~367,000 ounces total).
- This translated to an increase in production from the year-ago period, and the company saw minimal increase in costs, benefiting from the divestment of higher-cost assets (Agbaou, Karma).
- Looking ahead, Endeavour is well on track to deliver into its annual production and cost guidance, and investors can look forward to a Lafigue DFS later this year.
- Based on Endeavour's attractive development pipeline, and phenomenal cost profile compared to its peer group, I would view any pullbacks below US$21.00 as low-risk buying opportunities.
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Endeavour Mining: Record Margins In Q1