- Endeavour Mining reported today that its FY-2022 production from continuing operations amounted to 1,400koz of gold , achieving the top end of the guided 1,315-1,400koz range.
The company's revenue decreased by $134.0 million from $2,642.1 million in FY-2021 to $2,508.1 million in FY-2022 due to the lower gold sales compared to the prior period, which was partially offset by the higher realized gold price. Gold sales from continuing operations decreased from 1,478koz in FY-2021 to 1,393koz in FY-2022.
Importantly, as previously announced, Endeavour's FY-2022 dividend amounts to $200.0 million or approximately $0.81 per share, which represents $50.0 million or 33% more than the minimum dividend commitment for the year. President and CEO Sebastien de Montessus commented,"2022 was another successful year for Endeavour during which we delivered on all our objectives and met guidance for a tenth consecutive year. Strong operating performance generated over $1.0 billion in operating cash flow which has allowed us to deliver significant value to all stakeholders while continuing to fund our organic growth and improving our balance sheet strength with more than $120 million of net cash at year end.