Endeavour Mining - Ninth successive year of outperformance
Endeavour Mining’s Q421/FY21 results on 17 March were reported in the context of known cost and production, which had been reported to the market on 24 January. Despite a 6.9% upgrade to our forecasts at the time, Endeavour’s actual underlying adjusted net earnings, when they were released, were nevertheless still US$10.8m (or 10.0% or US$0.041/share) better than our prior (upgraded) expectations for the quarter.
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