What’s next for Endeavor Mining’s share price after a set of record-breaking results?
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In the first few minutes of trading today (6 March), i Try Mine (LSE:EDV) share price was little changed as investors reacted to the release of the West African gold miner’s results for the year ended 31 December 2025.
But do they tell us anything we don’t already know?
It’s easy peasy
On the other hand, being a manager of Endeavor Mining is probably relatively easy FTSE 100 jobs at the moment. A rising gold price means the club’s revenue and profits are rising without Ian Cockerill – or his management team – doing anything different.
Indeed, a look at today’s press release shows that 2025 was a record year with free cash flow of $1.16bn, an increase of 269% over 2024. As a result, the group was able to reduce its total debt by $416m.
Impressively, adjusted earnings per share rose 246% to $3.23. Proudly, the group noted that it has now met the guidelines for 12 of the last 13 years. And with shareholder returns reaching $435m, another record was broken during the year.
However, given that gold has increased by 60% by the year 2025, such a good performance was completely predictable. Business is, literally, a gold mine.
But the accounts are backwards. They tell us what happened rather than what will (or might) happen in the future. In a way, the publication of team numbers for 2025 is irrelevant. We all knew they would be fine.
However, this year could be even better. Since the beginning of 2026, the price of the precious metal has increased by 18%. If it stays at this level (or goes higher), goodness knows how much money Endeavor Mining will be able to make.
Big challenges
From a performance standpoint, nothing has really changed. The industry remains one of the most challenging around. The group’s detailed analysis of the problems it may face – things like weather, natural disasters, strikes, changes in laws, and political instability to name a few – reminds us that investing in this sector is a big risk.
And of course, the price of gold can go down. Although uncertainty around the world has boosted the prices of the precious metal, they could easily fall if things start to calm down. Endeavor Mining’s share price may then drop significantly.
But gold markets thrive on uncertainty. Before this week’s events in the Middle East, when gold changed hands at around $5,000 an ounce, many economists were predicting further increases. Now, there is talk that $6,000 could be there. And there is no immediate sign that the meeting is about to end.
Demand from the world’s major banks remains strong and the rise in energy prices this week could lead to higher inflation if the conflict in the Middle East continues. Traditionally, gold has been seen as a hedge against rising prices. For those investors who are comfortable with the level of risk, I think Endeavor Mining is still a stock to consider given the current global environment.
