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Endeavour Mining PLC on Thursday announced a higher dividend and increased gold output in 2025 amid a sharply higher gold price, while fourth-quarter production was lower on-year. The London-based gold producer targeting West Africa said gold production was 1.2 million ounces in 2025, up 9.6% from 1.1 million ounces in 2024. Even better for Endeavour, the average realised gold price shot up 38% to $3,244 per ounce in 2025 from $2,349 in 2024. In the fourth quarter alone, Endeavour Mining produced 298,000 ounces of gold, down 18% from 363,000 ounces a year prior, but the average realised gold price surged 50% to $3,873 per ounce in the quarter from $2,590 a year before. The firm announced a second half dividend of 83 US cents per share, up 46% from 57 cents a year ago. That brings the total payout for 2025 to $1.45 per share, a 48% rise from 98 cents. ‘Looking ahead, we will significantly increase minimum shareholder returns over the 2026 to 2028 period, as we simultaneously build Assafou, returning at least $1.0 billion subject to a minimum gold price of $3,000 per ounce, and that could more than double at prevailing gold prices through increased supplemental returns,’ said Chief Executive Officer Ian Cockerill. For 2026, the firm targets gold output between 1.09 million and 1.27 million ounces, in line with 2025’s production of 1.2 million ounces. Production guidance at Sabodala-Massawa in Senegal was raised due to an expected increase in carbon-in-leech processing plant throughput, among others. Sabodala-Massawa is expected to produce between 260,000 and 305,000 ounces of gold in 2026, between 5.1% lower and 11% higher than 274,000 ounces in 2025, which was up 20% from 229,000 ounces in 2024. Endeavour Mining shares were up 5.4% to 4,776.00 pence each on Thursday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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