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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.

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

Endeavour Mining's Ity gold mine site in Cote D'Ivoire

"Our focus now is on cash flow as we are conscious of our debt," said Benoit, who also disclosed another target was to massively boost Endeavour's return on capital employed (ROCE) from the current 8%