07:21 AM EDT, 07/31/2024 (MT Newswires) -- Endeavour Mining ( EDVMF ) on Wednesday said second-quarter adjusted profit from continuing operations fell US$3 million, or US$0.01 per share, compared with $41 million, or $0.17 per share, last year.

Revenue increased from $524 million to $556.8 million.

Endeavour is implementing a minimum dividend of US$210 million and US$225 million for fiscal 2024 and 2025. The program will be supplemented with additional dividends and share buybacks, the company said.

The minimum dividend is expected to be paid semi-annually, as long as the prevailing gold price for the dividend period is at, or above, US$1,850/oz and the company has a healthy financial position.