Endeavour Mining Investor Presentation Deck
OPERATING CASH FLOW
Decreased due to timing of working capital
Operating cash flow from continuing operations bridge
$345m
Q4-2021
operating
cash flows
1
A$45m
Gold price
2
(A$20m)
Production
and associated
expenses
3
A$29m
Operating
expenses
and other¹
4
A$13m
Income taxes paid
5
(A$112m)
Difference in
changes in
working capital
$299m
Q1-2022
operating
cash flows
ENDEAVOUR
MINING
INSIGHTS
1. The realised gold price for continuing
operations increased by $124/oz from
$1,787/oz in Q4-2021 to $1,911/oz in
Q1-2022
2. Gold sold decreased by 31koz from
390koz in Q4-2021 to 359koz in Q1-
2022
3. Operating expenses and other items
decreased by $29m over Q4-2021,
largely driven by lower salaries paid.
4. Income taxes paid decreased by $13m
over Q4-2021 to $29m in Q1-2022, due
to the inclusion of a one-off payment
of $12m related to the settlement of a
tax assessment for the Massawa
project in Q4-2021
5. Working capital was an outflow of
$70m in Q1-2022, a decrease of $112m
over Q4-2021 mainly due to an
increase in stockpiles, a decrease in
trade and other payables and an
increase in trade and other receivables.
(1) Operating expenses and other include operating expenses, royalties, corporate costs, acquisition and restructuring, exploration costs, foreign exchange, settlement of other financial assets and liabilities,
settlement of DSUS, PSUs and options and other cash expenses.
37View entire presentation