Endeavour Mining plc (EDV.L) on Thursday reported a strong increase in profitability in the first quarter of 2026 compared with a year earlier, mainly supported by higher revenue.
Earnings before tax rose sharply to $706.9 million from $345.0 million, supported by a significant reduction in losses on financial instruments, which improved to a loss of $1.0 million from $100.3 million a year earlier.
Earnings from operations climbed to $724.8 million from $465.8 million.
Earnings attributable to shareholders rose to $353.9 million from $173.2 million. Earnings per share increased to $1.44 from $0.70.
Adjusted earnings from operations attributable to shareholders of the Company rose to $370 million or $1.53 per share from $219 million or $0.90 per share last year.
EBITDA also improved strongly, rising to $872 million from $540 million, and Adjusted EBITDA increased to $880 million from $613 million.
Revenue rose to $1.349 billion from $1.042 billion last year.
Looking ahead, the company said it remains on track to meet its full-year guidance, while noting that performance is expected to be weighted toward the second half of the year.
Endeavour Mining shares closed at C$76.47 on Wednesday, down 2.59%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.