Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) (LSE:EDV) boosted production from its gold mines in West Africa in the second quarter of by 18% to 409,000 ounces of gold, while all-in sustaining costs decreased by US$15 per ounce to US$853 per ounce.
Total production for the first half of 2021 amounted to 756,000 ounces of gold and an all-in sustaining cost of US$860 per ounce.
That positions the company well to come in at the top half of its full-year production guidance of between 1.365mln ounces and 1.495mln ounces at costs of between US$850 and US$900 per ounce.
Adjusted net earnings from continuing operations during the second quarter rang int at US$183mln, or US$0.73 per share.
Net debt decreased by US$85mln during the quarter to US$77mln and gross debt decreased by US$120mln.
The interim dividend will total US$70mln, with the record date set at 10 September 2021.
Meanwhile, construction of the Sabodala-Massawa Phase 1 expansion is on schedule for completion by year-end and definitive feasibility study is underway for the Sabodala-Massawa Phase 2 expansion, Fetekro, and Kalana projects.
Significant discoveries have recently been made at Ity, Houndé, Sabodala-Massawa and Fetekro.