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  The miner’s free cash flow increased from $38m in 2019 to $476m across last year, with the fourth quarter alone delivering $261m.

  On top of the strong financial figures, the company reduced its net debt by $603m in 2020 to end the year with a net cash position of $75m.

  Last year’s record production total came as a result of a record Q4 output of 344,000 oz – a 41% increase on Q3.

  De Montessus said the improved production figures arrived as the company realised the full benefits from the integration of the Semafo assets and the ramp-up of the high-grade Kari Pump deposit at Houndé.

  The company confirmed it has upgraded its previous 2021 production guidance from between 900,000 oz and 990,000 oz to 1.35 million oz and 1.48 million oz.

  “Looking ahead to 2021, we are focused on progressing our organic growth opportunities through mine life extensions, asset optimisation, and green and brownfield exploration,” said De Montessus.

  “The most promising of these is the Phase 1 and 2 expansions at Sabodala-Massawa which will help transform the mine into a tier-one asset.”

  Endeavour’s CEO said the company are also excited to continue working towards securing a premium listing on the London Stock Exchange as it seeks to broaden its appeal to a “wider group of potential investors”.

  He added: “We believe that our robust business, upcoming catalysts, and our attractive shareholder return programme, which offers an attractive dividend that will be supplemented with the introduction of a share buyback programme, offers a compelling value proposition for both existing and new shareholders.”

• [Editor:Catherine Ren]