Current revenue distribution by sector:

• Gold production: 100% (2025)

TOP 3 markets by revenue share:

1. Burkina Faso: approx. 40%
2. Côte d'Ivoire: approx. 35%
3. Mali: approx. 25%

Endeavour Mining plc is a leading company in gold production, with revenues entirely derived from this sector. The company's main markets are in West Africa, where it operates several significant mines. Burkina Faso, Côte d'Ivoire, and Mali are the three largest markets, together accounting for the majority of the revenue. These countries offer rich gold deposits and are therefore strategically important locations for Endeavour Mining.

Production sites of Endeavour Mining:

1. Burkina Faso
2. Ivory Coast
3. Senegal

Endeavour Mining plc is a leading gold mining company mainly operating in West Africa. The main production sites are located in Burkina Faso, Ivory Coast, and Senegal. The company focuses on exploration, development, and operation of gold mines in these regions to maximize its production capacity and optimize resource utilization.

Current production capacity: 1.4 million ounces of gold per year (2023)
Expected production growth: 5% annually until 2025
Investment budget for exploration and development: 200 million USD (2023)

Endeavour Mining plc is pursuing a growth strategy based on expanding its existing mines and developing new projects. The company plans to increase its production capacity through targeted investments in exploration and development.

A key component of the strategy is optimizing operational efficiency to reduce production costs and increase profitability. In addition, Endeavour Mining is relying on strategic acquisitions and partnerships to expand its resource base and access new markets.

Furthermore, the company is investing in sustainable practices to strengthen its environmental and social responsibility, which is expected to support long-term growth as well.

Main Commodities: Gold

Import Countries: South Africa, Australia, USA

Endeavour Mining plc is primarily engaged in gold mining and imports materials and equipment required for gold mining and processing. The main imports include mining equipment, chemicals for gold processing, and technical services.

South Africa and Australia are significant suppliers of mining equipment and technologies, while the USA often provides chemicals and specialized technical services. These imports are crucial to ensure the efficiency and effectiveness of gold production.

Market Share in West Africa: 20% (estimated, 2025)
Production Cost per Ounce of Gold: $850 USD (2024)
Gold Production: 1.5 million ounces (2024)

Endeavour Mining plc has a significant competitive advantage due to its strong presence in West Africa, where it holds an estimated market share of 20%. This region is known for its abundant gold reserves, and Endeavour has solidified its position through strategic acquisitions and expansions.

Another advantage is the relatively low production cost of about $850 USD per ounce of gold, enabling the company to remain profitable even with fluctuating gold prices. The efficient cost structure and high production capacity of 1.5 million ounces per year secure Endeavour a strong position in the global gold market.

Additionally, Endeavour benefits from a diversified mining base and an experienced management team capable of driving operational efficiency and strategic growth initiatives. These factors contribute to a sustainable competitive advantage.

Institutional Investor Share: approximately 70% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

Endeavour Mining plc has a high institutional investor share, indicating the trust of major financial institutions in the company. This can be attributed to the stable performance and strategic direction of the company.

There were no significant insider transactions in the last quarter, which could indicate a stable internal assessment of the company's valuation. This is often a sign that management has confidence in the company's future development.

Market share of Endeavour Mining plc: Estimated 4.5% (2025)

Top competitors and their market shares:

1. Newmont Corporation: 12.0%
2. Barrick Gold Corporation: 11.0%
3. AngloGold Ashanti Limited: 6.5%
4. Gold Fields Limited: 5.0%
5. Kinross Gold Corporation: 4.8%
6. Endeavour Mining plc: 4.5%
7. Agnico Eagle Mines Limited: 4.0%
8. Sibanye Stillwater Limited: 3.5%
9. Harmony Gold Mining Co. Ltd.: 3.0%
10. Yamana Gold Inc.: 2.8%

Moat of Endeavour Mining plc:

Endeavour Mining plc has a moderate moat, mainly characterized by its strategic positioning in West Africa and its ability to control costs efficiently. In recent years, the company has expanded its production capacities through acquisitions and organic growth, giving it a certain advantage.

Compared to larger competitors like Newmont and Barrick, which have more extensive resources and a more global presence, Endeavour Mining's moat is less pronounced. These larger companies benefit from stronger brand recognition, diversified geographic presence, and more extensive financial resources, giving them a more robust competitive advantage.

Overall, Endeavour Mining's moat is less strong compared to the market leaders, but its regional specialization and efficiency in West Africa provide a certain advantage that is significant in this specific region.

Revenue Growth: 8% (2024) Production: 1.4 million ounces of gold (2024) Operating Cash Flow: $1.2 billion USD (2024)

Endeavour Mining plc recorded a revenue growth of 8% in 2024, attributed to increased gold production and efficient operational processes. Production reached 1.4 million ounces of gold, strengthening the company's position as one of the leading gold producers in West Africa.

The operating cash flow of $1.2 billion USD indicates that the company has a solid financial foundation to finance future investments and potential expansions. This financial stability is a positive indicator for potential investors.

Additionally, in recent years, Endeavour Mining has consistently invested in the exploration and development of new mines, indicating long-term growth potential. The geopolitical stability of the regions where the company operates, as well as the increasing demand for gold as a safe haven in uncertain economic times, could also be positive factors for the stock's future development.

Dividend yield: 2.5% (estimated for 2025)
Dividend history: Continuous payouts since 2020

Endeavour Mining plc has been paying dividends in recent years and aims to continue this practice. The current dividend yield is approximately 2.5%, which can be considered moderate compared to other companies in the mining industry.

The reliability of the payout is supported by the company's stable financial performance and strong position in gold mining. Endeavour Mining is committed to returning a portion of its profits to shareholders, indicating a sustainable dividend policy.