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NEWS RELEASE - LSE & TSX : EDV All amounts in US $ ENDEAVOUR MINING ENDEAVOUR REPORTS RECORD Q2-2021 RESULTS ; WELL POSITIONED TO ACHIEVE TOP - HALF OF FULL YEAR PRODUCTION GUIDANCE OPERATIONAL AND FINANCIAL HIGHLIGHTS • Q2-2021 production up 18 % over Q1-2021 to 409koz , while AISC decreased by $ 15 / oz to $ 853 / oz • • Strong H1-2021 performance of 756koz at an AISC of $ 860 / oz positions the Group well to meet the top half of its FY - 2021 production guidance of 1,365-1,495koz at an AISC of $ 850-900 / oz Adjusted Net Earnings ( from cont . operations ) of $ 183m or $ 0.73 / share in Q2-2021 ; $ 276m or $ 1.20 / share in H1-2021 • Operating Cash Flow before working capital ( from cont . operations ) of $ 286m or $ 1.13 / share in Q2-2021 ; $ 549m or $ 2.39 / share in H1-2021 • Healthy balance sheet at quarter - end with Net Debt to adjusted EBITDA leverage ratio of 0.07x ; Net Debt decreased by $ 85m during the quarter to $ 77m and gross debt decreased by $ 120m SHAREHOLDER RETURNS PROGRAMME • First dividend of $ 60m paid on 5 February 2021 for the 2020 fiscal year • • Declaration of H1-2021 interim dividend of $ 70m , with record date set at 10 September 2021 ; well positioned to deliver more than the minimum committed dividend of $ 125m for the full year Share buybacks continue to supplement shareholder returns with a total of $ 70m of shares repurchased since April 2021 , $ 59m of which were repurchased in Q2-2021 ORGANIC GROWTH • Construction of Sabodala - Massawa Phase 1 expansion on schedule for completion by year - end ; DFS underway for Sabodala - Massawa Phase 2 expansion , Fetekro , and Kalana projects • Group on track to discover over 2.5Moz of Indicated resources in 2021 ; significant discoveries recently made at Ity , Houndé , Sabodala - Massawa and Fetekro London , 4 August , 2021 - Endeavour Mining plc ( LSE : EDV , TSX : EDV , OTCQX : EDVMF ) ( ' Endeavour ' or the ' Group ' or the ' Company ' ) is pleased to announce its financial and operating results for Q2-2021 and H1-2021 , with highlights provided in Table 1 below . Management will host a conference call and webcast on Wednesday 4 August , at 8:30 am ET / 1:30 pm BST . For instructions on how to participate , please refer to the conference call and webcast section at the end of the news release . Table 1 : Consolidated Highlights¹ THREE MONTHS ENDED 30 June 31 March All amounts in US $ million , unless otherwise stated 2021 2021 30 June 2020 SIX MONTHS ENDED 30 June 30 June Δ Η1-2021 2021 2020 vs. H1-2020 OPERATING DATA Gold Production , koz 409 347 149 756 321 + 136 % All - in Sustaining Cost² , $ / oz 853 868 941 860 916 ( 6 ) % Realised Gold Price , $ / oz 1,791 1,749 1,680 1,771 1,603 + 10 % CASH FLOW FROM CONTINUING OPERATIONS³ Operating Cash Flow Before Changes in Working Capital 286 263 75 549 170 + 223 % Operating Cash Flow Before Changes in Working Capital² , $ / share 1.13 1.27 0.67 2.39 1.54 + 55 % Operating Cash Flow 300 207 53 507 153 + 231 % Operating Cash Flow² , $ / share 1.19 0.99 0.48 2.21 1.38 + 60 % PROFITABILITY FROM CONTINUING OPERATIONS³ EBITDA² 363 333 23 696 124 + 461 % Adjusted EBITDA² 400 306 99 706 206 + 243 % Net Earnings / ( loss ) Attributable to Shareholders² 127 87 ( 38 ) 213 ( 22 ) ( 1068 ) % Net Earnings per Share , $ / share 0.50 0.42 ( 0.35 ) 0.93 ( 0.20 ) ( 565 ) % Adjusted Net Earnings Attributable to Shareholders² 183 93 49 276 74 + 273 % Adjusted Net Earnings per Share² , $ / share 0.73 0.45 0.44 1.20 0.66 + 82 % SHAREHOLDER RETURNS Dividends paid Share buyback ( commenced in Q2-2021 ) FINANCIAL POSITION HIGHLIGHTS Net Debt / ( Net Cash ) ² 2,4 Net ( Cash ) / Debt / Adjusted EBITDA ( LTM ) ratioʻ 60 59 77 0.07 162 0.16 473 1.00 60 59 T n.a. n.a. 77 473 ( 84 ) % 0.07 1.00 ( 93 ) % All amounts include Teranga assets from 10 February , 2021 2This is a non - GAAP measure . Refer to the non - GAAP measure section of the Management Report . ³ From Continuing Operations excludes the Agbaou mine which was divested on 1 March , 2021. LTM means last twelve months .