Endeavour Mining Results Presentation Deck slide image

Endeavour Mining Results Presentation Deck

MANA, BURKINA FASO Wona underground development being expedited Q1-2022 vs Q4-2021 INSIGHTS > Production of 53koz remained consistent with the prior quarter as higher grades processed largely offset lower tonnes milled and slightly lower recoveries. Underground tonnes of ore mined increased as the Wona underground development continues to advance, development progressed 1,452 meters across the two declines during Q1-2022, creating access to more ore zones. AISC decreased in Q1-2022 due to lower underground mining unit costs and lower haulage costs associated with a smaller amount of tonnes moved from the deeper levels of the Wona open pit. OUTLOOK Mana is on track to produce between 170-190koz in FY-2022 at an AISC of $1,000-1,100/oz. Open pit mining activities at Wona open pit are expected to conclude at the end of Q2-2022 and the Maoula satellite pit is expected to commence in H2- 2022. Underground mining activities continue to progress as planned with Siou stope production remaining consistent and Wona underground development continuing with expected first stope production in Q3-2022. Production and AISC Production, koz 52koz $954/oz Q1-2021 For The Period Ended OP tonnes ore mined, kt AISC, US$/oz 49koz PRODUCTION, KOZ Total cash cost/oz AISC/OZ $1,016/oz Key Performance Indicators Q2-2021 OP total tonnes mined, kt OP strip ratio (incl. waste cap) UG tonnes ore mined, kt Tonnes milled, kt Grade, g/t Recovery rate, % 49koz $1,029/oz Q3-2021 Q1-2022 470 1,644 2.50 199 622 2.94 92 53 948 1,000 54koz $1,116/oz Q4-2021 Q4-2021 529 2,695 4.09 180 651 2.75 93 54 1,070 1,116 ENDEAVOUR MINING 53koz $1,000/oz Q1-2022 Q1-2021 355 8,532 23.01 245 604 2.90 90 52 907 954 32
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