The strong net free cash flow generated by TSX-listed Endeavour Mining in the third quarter ended September 30, marked an important milestone for the West Africa-focused gold producer as it “demonstrates that [the company] has de-risked and repositioned the group as a cash-generating business, after nearly four years of intensive growth-capital spend,” president and CEO Sébastien de Montessus said on Tuesday. As a result, Endeavour is now considered to be “strategically diversified” across multiple assets with stronger long-term planning capabilities, he added, noting that this “provides greater comfort in [Endeavour’s] ability to generate stable cash flows”.
