Endeavour Mining Results Presentation Deck
DISCLAIMER & FORWARD LOOKING STATEMENTS
Some of the indicators used by Endeavour in this presentation represent non-IFRS financial
measures, including sustaining capital per ounce, non-sustaining capital per ounce, cash cost per
ounce, all in sustaining cash cost per ounce, all in sustaining margin, adjusted EBITDA, adjusted EPS,
operating cash flow pre-working capital and operating CFPS pre working capital. These measures are
presented as they can provide useful information to assist investors with their evaluation of the pro
forma performance. Since the non-IFRS performance measures listed herein do not have any
standardized definition prescribed by IFRS, they may not be comparable to similar measures
presented by other companies. Accordingly, they are intended to provide additional information
and should not be considered in isolation or as a substitute for measures of performance prepared
in accordance with IFRS. Please refer to the non-GAAP measures section of the Company's most
recently filed management discussion and Analysis for a reconciliation of the non-IFRS financial
measures used in this presentation.
This presentation contains "forward-looking statements" within the meaning of applicable securities
laws. All statements, other than statements of historical fact, are "forward-looking statements",
including but not limited to, statements with respect to Endeavour's plans and operating
performance, the timing and amount of estimated future production, costs of future production,
future capital expenditures, the success of exploration activities, the anticipated timing for the
payment of a shareholder dividend and statements with respect to future dividends payable to the
Company's shareholders, the completion of studies, mine life and any potential extensions, the
future price of gold and the share buyback program. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as "expects", "expected",
"budgeted", "forecasts", "anticipates", believes", "plan", "target", "opportunities", "objective",
"assume", "intention", "goal", "continue", "estimate", "potential", "strategy", "future", "aim",
"may", "will", "can", "could", "would" and similar expressions.
Forward-looking statements, while based on management's reasonable estimates, projections and
assumptions at the date the statements are made, are subject to risks and uncertainties that may
cause actual results to be materially different from those expressed or implied by such forward-
looking statements, including but not limited to: risks related to the successful integration of
acquisitions or completion of divestitures; risks related to international operations; risks related to
general economic conditions and the impact of credit availability on the timing of cash flows and the
values of assets and liabilities based on projected future cash flows; Endeavour's financial results,
cash flows and future prospects being consistent with Endeavour expectations amounts sufficient
to permit sustained dividend payments; the completion of studies on the timelines currently
expected, and the results of those studies being consistent with Endeavour's current expectations;
actual results of current exploration activities; production and cost of sales forecasts for Endeavour
meeting expectations; unanticipated reclamation expenses; changes in project parameters as plans
continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign
currency exchange rates; increases in market prices of mining consumables; possible variations in
ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as
anticipated; extreme weather events, natural disasters, supply disruptions, power disruptions,
accidents, pit wall slides, labour disputes, title disputes, claims and limitations on insurance
coverage and other risks of the mining industry; delays in the completion of development or
construction activities; changes in national and local government legislation, regulation of mining
operations, tax rules and regulations and changes in the administration of laws, policies and
practices in the jurisdictions in which Endeavour operates; disputes, litigation, regulatory
proceedings and audits; adverse political and economic developments in countries in which
Endeavour operates, including but not limited to acts of war, terrorism, sabotage, civil disturbances,
non-renewal of key licenses by government authorities, or the expropriation or nationalization of
any of Endeavour's property; risks associated with illegal and artisanal mining; environmental
hazards; and risks associated with new diseases, epidemics and pandemics, including the effects and
potential effects of the global Covid-19 pandemic.
Although Endeavour has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Please refer to Endeavour's prospectus published on 9 June 2021 and
its most recent Annual Information Form filed under its profile at www.sedar.com for further
information respecting the risks affecting Endeavour and its business.
Clinton Bennett, Endeavour's Vice President of Metallurgy and Process Improvement, a Fellow of
the Australasian Institute of Mining and Metallurgy, is a "Qualified Person" as defined by National
Instrument 43-101-Standards of Disclosure for Mineral Projects ("NI 43-101" )and has reviewed and
approved the technical information in this presentation.
Note: All amounts are in US$, except where indicated, and may differ from the Management Report
due to roundingView entire presentation