Endeavour Mining Investor Presentation Deck
SHORT TERM REVENUE PROTECTION PROGRAM
Increased certainty of cash flow to achieve corporate objectives
INSIGHTS
> Endeavour entered into a revenue protection
programme in Q1-2022 for a proportion of its
production across FY-2022 and FY-2023, to
provide greater cash flow visibility during its
investment phase.
> Structured as:
-
An upfront low premium collar with a put
price of $1,750 per ounce and a call price of
$2,100 per ounce for 75,000 ounces of
production per quarter, from Q1-2022 until
Q4-2023.
Forward sales contract for approximately
520,000 ounces of production in FY-2022
and 120,000 ounces of production in 2023 at
an average gold price of $1,831 per ounce
and $1,828 per ounce, respectively.
>
In Q1-2022, the realized gold price was within
the collar range.
>
In Q1-2022 the forward sales contracts were
restructured, whereby 165,000 ounces,
previously set to settle in Q1-2022, were
pushed to settle later in the year and overall
were restructured to a higher average price of
$1,840/oz for FY-2022. Only 65,000 ounces
were delivered to settle the forward sales
contracts in Q1-2022.
Gold collars
Gold price in US$/oz
2000
1800
1600
1400
1200
1000
Houndé
construction
Ity CIL
construction
PROTECTED
Growth and shareholder
return focus
Debt
reduction
focus
ENDEAVOUR
MINING
Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22
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