Gold producer Endeavour Mining increases adjusted net earnings in Q3, reiterates 2023 guidance

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Indonesia Berita Berita

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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Senior gold producer Endeavour Mining today reported Q3 2023 production from continuing operations of 281 thousand ounces, unchanged from Q3 2022, at all-in sustaining costs of $967/oz .

The company’s revenue from continuing operations increased from $467 million in Q3 2022 to $530 million in Q3 2023, primarily due to higher realized gold price, while net comprehensive earnings from continuing operations decreased from $96 million in Q3 2022 to $74 million in Q3 2023.

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