06:45 AM EDT, 05/02/2024 (MT Newswires) -- Endeavour Mining ( EDVMF ) on Thursday said first-quarter adjusted net earnings declined as gold production fell.

Endeavour reported first-quarter adjusted net earnings attributable to shareholders of US$41 million, or US$0.17 per share, down from US$65 million, or US$0.26 per share, a year ago. The result missed the S&P Capital IQ consensus normalized EPS estimate of US$0.21 for the quarter.

Adjusted EBITDA also fell to US$213 million from US$240 million in the year-ago quarter.

The company produced 219,000 ounces of gold during the quarter, down from 243,000 ounces in the same three months of last year.

Endeavour said it is on track to achieve full-year 2024 guidance, with performance strongly weighted toward the second half of the year.

The company's share price at last look was down 2.3% to 1,656.70 British pounds in early London trading on Thursday.