PRECIOUS METALS

Upbeat Endeavour eyes capital return in 2022 as it takes axe to debt pile

Vincent Benoit, CFO of West Africa-focused gold producer Endeavour Mining, says the company expects to pay a dividend or launch a share buyback as reduced capital expenditure and increased cashflow in the next two to three years could cut debt that shot up in the first quarter from US$536 million in the final three months of 2018 to $635 million at March 31, 2019.