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Endeavour raises prospect of doubling payout in 2026
['David Mckay']
Miningmx
ENDEAVOUR Mining said it could pay additional dividends and buy back shares potentially doubling its targeted minimum annual payout of $1bn for 2026.
For 2025, Endeavour will therefore pay a total dividend of $350m and have bought shares worth $85m.
However, the group’s CEO Ian Cockerill said today in the firm’s December quarter update this payout could be eclipsed at prevailing gold prices.
Shares in Endeavour Mining climbed 5.7% in London taking gains over the last 12 months to about 211%.
Earlier today, Gold surged above $5,500 an ounce as thin liquidity, a weaker dollar and investor flight from sovereign assets fueled a nine-day rally, said Bloomberg News.