11:56 AM EDT, 05/01/2025 (MT Newswires) -- (Updates shares.)

Endeavour Mining ( EDVMF ) on Thursday reported a jump in first-quarter adjusted earnings that beat analyst estimates.

The company adjusted profit, excluding most one-time items, rose to US$219 million, or US$0.90 per share, from US$41 million, or US$0.17, in the year-prior quarter, topping the FactSet consensus estimate of US$0.63 per share.

Revenue rose to US$1.04 billion from US$473 million. The result beat the FactSet estimate for revenue of US$872.9 million.

Adjusted EBITDA rose to US$613 million from US$213 million.

Gold production increased to 341,000 ounces from 219,000 ounces. The company sold 353,000 ounces of gold, up from 225,000 ounces.

Endeavour is on track to achieve its 2025 production guidance of 1.11-million to 1.26-million ounces with all-in sustaining cost guidance of US$1,150 to US$1,350 per ounce.

Endeavour shares were last seen up $0.94 to $38.29 on the Toronto Stock Exchange.

Price: 38.29, Change: +0.94, Percent Change: +2.52