Transcript

Operator

Day. Thank you for standing by. Welcome to Endeavour Mining second quarter and half year 2026 results webcast. At this time, all participants are in listen-only mode. After management's presentation, there will be a question and answer session. For those who wish to ask a question, please dial into the phone line. Please note that due to time constraints, we will be prioritizing questions from covering analysts, and we ask analysts to limit themselves to two questions before jumping back into the queue. Today's conference call is being recorded, and the transcripts of the call will be available on Endeavour's website tomorrow. I would now like to hand the call over to Endeavour's Vice President of Investor Relations, Jack Garman.

Jack Garman — VP of Investor Relations

Hello, everyone, and welcome to Endeavour's Q2 and H1 2026 results webcast. Before we start, please note our usual disclaimer. On the call today, I'm joined by Ian Cockerill, Chief Executive Officer, Guy Young, Chief Financial Officer, Djariat Traore, Executive Vice President of Operations and ESG, and Sonia Scarselli, Executive Vice President of Exploration and Growth. Today's call will follow our usual format. Ian will first go through the highlights of the first half of the year. Guy will present the financials. Djariat will walk you through our operating results by mine, and Sonia will provide an update on our exploration program before handing back to Ian for his closing remarks. We'll then open the line up for questions. I'll now hand over to Ian.

Ian Cockerill — CEO

Thank you, Jack. Hello to everyone joining us on the call today. H1 2026 was a record half year for Endeavour. Our strong operating performance has led to record Free Cash Flow generation and together with our healthy balance sheet, we're well-positioned to meet our strategic objectives, which prioritize organic growth and shareholder returns. Production of 564,000 ounces at an AISC of $1,871 per ounce H1 certainly positions us firmly on track to meet our 2026 guidance with a stronger Q4. Our operational performance drove record Free Cash Flow generation of $761 million. That's up 19% against H2 of last year, despite the significant but expected seasonal tax payments. This cash flow generation supports our balance sheet, which sits in a healthy net cash position of $254 million and underpins our ability to grow the business