## Endeavour Mining Announces Strong Q2 Results, On Track to Meet Annual Production Guidance
Endeavour Mining (LSE:EDV,TSX:EDV,OTCQX:EDVMF) has recently released its [Q2 operating and financial results](https://www.endeavourmining.com/sites/endeavour-mining-v2/files/2024-07/EDV%20Q2-2024%20News%20Release.pdf), showcasing a strong performance and maintaining its annual production guidance for the 12th consecutive year.
### Q2 Performance Highlights
– Q2 gold production reached 251,000 ounces at an all-in sustaining cost (AISC) of US$1,287 per ounce.
– H1 gold output totaled 470,000 ounces at an AISC of US$1,237 per ounce.
– Full-year guidance for 2024 is set at 1.13 million to 1.27 million ounces of gold, with a focus on H2 performance.
– Revenue for Q2 stood at US$556.8 million, driven by higher gold sales volumes and an increase in the realized gold price.
– Adjusted EBITDA reached US$249 million, a 17% increase from Q1.
– Adjusted net earnings amounted to US$3 million, or US$0.01 per share, and operating cash flow was US$258 million, or US$1.05 per share.
### Growth Projects and Exploration
– Endeavour achieved first gold pours at the Sabodala-Massawa BIOX expansion and Lafigué project in Q2, with full production capacities expected in Q3.
– The company’s exploration spending in H1 was US$56 million, leading to an increased exploration budget for the year due to promising results at key sites.
– CEO Ian Cockerill highlighted the successful delivery of growth projects ahead of schedule, emphasizing their contribution to a more diversified and high-quality portfolio.
### Financial Stability and Market Performance
– Endeavour maintained stable net debt of US$835 million by the end of Q2, positioning the company well as it transitions out of its growth phase.
– Shares of Endeavour closed at C$29.32 on the TSX, showing resilience in a challenging market environment.
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**Securities Disclosure:** I, Giann Liguid, have no direct investment interest in any company mentioned in this article.