Endeavour Mining Investor Presentation Deck
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Q1-2022 vs Q4-2021 INSIGHTS
> Production decreased from 105koz in Q4-2021 to 96koz
in Q1-2022 primarily due to the lower average grade
milled and slightly lower recoveries and mill throughput.
SABODALA-MASSAWA MINE
Lowest AISC achieved since acquiring the mine
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Mining was focussed on the Sofia North, Sofia Main and
the Sabodala pits, whilst activity at the Massawa Central
Zone is ramping up. Tonnes milled decreased slightly
due to an increased proportion of fresh ore from the
Sofia Main and Sofia North pits in the feed, which was
partially offset by continued high mill availability.
Average grade milled decreased due to a lower
proportion of high grade ore from the Sofia Main pit and
a higher proportion of ore from the Sofia North pit.
AISC decreased from $592 per ounce in Q4-2021 to
$578 per ounce in Q1-2022 largely due to sustaining
capital timing compounded with slightly higher unit
mining and processing costs.
OUTLOOK
> Sabodala-Massawa is on track to produce between
360-375koz in FY-2022 at an AISC of $675-725/oz.
In Q1-2022 mining activities started at the Massawa CZ,
where activities will continue for the rest of the year.
ENDEAVOUR
MINING
Production and AISC
Production, koz
75koz
$749/oz
Q1-2021
For The Period Ended
Tonnes ore mined, kt
Total tonnes mined, kt
Strip ratio (incl. waste cap)
Tonnes milled, kt
Grade, g/t
Recovery rate, %
PRODUCTION, KOZ
Total cash cost/oz
AISC/OZ
COO video presentation
AISC, US$/oz
96koz
$637/oz
Q2-2021
Key Performance Indicators¹
106koz
$655/oz
Q3-2021
Q1-2022
1,708
12,076
6.07
1,054
3.10
89
96
448
578
E
Website
105koz
$592/oz
Q4-2021
Q4-2021
1,719
12,789
6.44
1,081
3.41
90
105
458
592
Latest technical report
96koz
$578/oz
Q1-2022
Q1-2021
(1) For comparative purposes, performance indicators, excluding costs, include the pre-acquisition period from 1 January 2021 to 10 February 2021. Costs are from the
post-acquisition period commencing February 10 2021.
1,622
10,713
5.62
1,027
2.48
90
75
564
749
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