Mining & Metals
Endeavour Mining's Q1 Adjusted Net Earnings Jump YoY
Endeavour Mining's (EDV.TO) adjusted net earnings climbed 64% year over year in the first quarter.Adjusted net earnings were US$370 million, or $1.53 per share, up from $219 million, or $0.90 per share. The results beat the earnings per share estimate of $1.52 for the first quarter, as compiled by FactSet.Adjusted EBITDA was $880 million, an increase from $613 million.The company produced 282,000 ounces, down from 341,000 oz. Sales amounted to 278,000 oz, down from 353,000 oz.All-in sustaining cost rose 11% year over year to $1,834/oz."We remain on track to achieve full-year guidance, with performance weighted towards the second half of the year, reflecting the mining sequence at our Hounde, Mana and Ity mines," said Ian Cockerill, Chief Executive Officer of Endeavour Mining.
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