Endeavour produces 702koz of gold in H1 2022, increases half year dividend by 43% to $100 million kitconews gold silver metals economics finance mining investing
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The company's H1 2022 all-in sustaining costs from continuing operations of $900/oz increased by $62 per ounce over H1 2021 with higher AISC at Boungou, Ity, and Wahgnion, offset by lower AISC at Mana and Sabodala-Massawa. For H1 2022, net comprehensive earnings of $169.3 million was recognised, a decrease on the earnings of $256.2 million recognised in H1 2021 due to the loss on financial instruments of $72.0 million recorded in H1-2022.
President and CEO Sebastien de Montessus commented:"We are very pleased with our solid operating and financial performance over the first six months of the year, which has resulted in robust operating cash flow generation of more than $550 million. We are very proud to be on track to achieving both production and AISC guidance for the tenth consecutive year, despite the macro environment, which is a reflection of the resilience of our business and the strong dedication of our team.
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