FY-2023 production and AISC guidance on track • Growth projects on budget and on schedule for 2024

OPERATIONAL AND FINANCIAL HIGHLIGHTS(for continuing operations)
Q1-2023 production of 301koz at an AISC of $1,022/oz; On track to achieve full year 2023 guidance with performance weighted towards H2-2023
EBITDA of $206m for Q1-2023; Adjusted EBITDA of $279m for Q1-2023, down 3% over Q4-2022
Net Earnings of $4m for Q1-2023; Adjusted Net Earnings of $70m (or $0.28/sh) for Q1-2023, up 8% over Q4-2022
Operating Cash Flow before changes in WC of $242m (or $0.98/sh) for Q1-2023, down 14% over Q4-2022
Strong financial position at quarter end with $810m cash position in addition to $285m in available sources of financing
Reimbursed in cash the $330m principal amount of its convertible bond in Q1-2023 to minimise shareholder dilution
ROBUST SHAREHOLDER RETURNS
H2-2022 dividend of $100m was paid in Q1-2023, amounting to $400m paid since early 2021
Share buybacks continue to supplement shareholder returns with $11m or 0.4 million shares repurchased in Q1-2023, amounting to $244m or 11.1 million shares repurchased since early 2021
ORGANIC GROWTH
Sabodala-Massawa expansion and the Lafigué greenfield project are both on budget, with 70% and 46% of the initial capital committed respectively, and on schedule for Q2-2024 and Q3-2024 respectively
Strong exploration effort with $22m spent in Q1-2023 out of FY-2023 exploration guidance of $70m; updated resource for Tanda-Iguela greenfield discovery expected to be published in H2-2023
London, 4 May 2023– Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the “Company”) is pleased to announce its operating and financial results for Q1-2023, with highlights provided in Table 1 below.

Table 1: Highlights for Continuing Operations1

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