Earnings Call Summary | ENDEAVOUR MINING PLC(EDVMF.US) Q4 2023 Earnings Conference
Earnings Call Summary | ENDEAVOUR MINING PLC(EDVMF.US) Q4 2023 Earnings Conference
The following is a summary of the Endeavour Mining Plc (EDVMF) Q4 2023 Earnings Call Transcript:
以下是奮進礦業公司（EDVMF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Endeavour Mining produced 1.1 million ounces of gold in 2023, their 11th consecutive year of meeting production guidance.
Despite higher royalty costs, Endeavour reported lower all-in sustaining costs compared to most industry players.
Endeavour spent $448 million on growth capital and returned $266 million to shareholders through dividends and share buybacks.
Endeavour maintained healthy leverage with 0.5 times net debt to adjusted EBITDA.
Stable Q4 production was reported with an improvement in all-in sustaining costs and realized gold price by 2% each, leading to an 11% increase in adjusted EBITDA.
Operating cash flow before working capital increased by 103%, but net debt also increased by $110 million to $555 million due to spending on growth, exploration, and share buybacks.
The predicted AISC guidance for the upcoming period is $1850, and cash leakage for the next year is expected to be around $200 million.
奮進礦業在2023年生產了110萬盎司黃金，這是他們連續第11年達到產量預期。
儘管特許權使用費成本較高，但奮進號報告稱，與大多數行業參與者相比，總維持成本較低。
奮進號在成長資本上花費了4.48億美元，並通過分紅和股票回購向股東返還了2.66億美元。
奮進號保持了良好的槓桿率，淨負債是調整後息稅折舊攤銷前利潤的0.5倍。
報告稱，第四季度產量穩定，總維持成本有所改善，已實現金價各上漲2％，調整後的息稅折舊攤銷前利潤增長了11％。
扣除營運資金前的運營現金流增長了103％，但由於增長、勘探和股票回購方面的支出，淨負債也增加了1.1億美元，達到5.55億美元。
預計AISC未來時期的預期預期爲1850美元，明年的現金流失預計約爲2億美元。
Business Progress:
業務進展：
Endeavour is progressing with the construction of Sabodala-Massawa and Lafigue projects which are on schedule and budget.
Significant exploration success at Tanda-Iguela site, leading to a 303% increase in indicated resource.
The company is transitioning towards enhanced cash flow generation, debt reduction, and increased shareholder returns.
Endeavour complied with responsible gold mining principles across all sites in 2023, emphasizing on safety and sustainable socioeconomic growth.
Production is expected to increase at Sabodala-Massawa and Ity mines in 2024 due to new developments.
Endeavour plans to spend $15 million on the exploration program in 2024, focusing on the Assafou deposit.
The company's future strategy is to generate cash flow from operations, strengthen the balance sheet, reward shareholders, and adopt a careful approach towards mergers and acquisitions.
奮進號正在按計劃和預算建設薩博達拉-馬薩瓦和拉菲格項目。
坦達-伊蓋拉礦場的勘探取得了重大成功，使指示資源增加了303％。
該公司正在向增強現金流、減少債務和增加股東回報的方向過渡。
2023 年，Endeavor 在所有地點都遵守了負責任的金礦開採原則，強調安全和可持續的社會經濟增長。
由於新的開發項目，薩博達拉-馬薩瓦和伊蒂礦山的產量預計將在2024年增加。
奮進號計劃在2024年花費1500萬美元進行勘探計劃，重點是阿薩福礦牀。
該公司的未來戰略是通過運營產生現金流，加強資產負債表，獎勵股東，並對合並和收購採取謹慎的態度。
More details: ENDEAVOUR MINING PLC IR
更多詳情： 奮進礦業公司IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。