[𝐈𝐍𝐃𝐄𝐗 𝐏𝐀𝐆𝐄] Exploration represents one of the most important drivers of value for @endeavourmining, having added over 20-million ounces to its portfolio at a low production cos...

Endeavour Mining highlights exploration as a key value driver, citing >20Moz added to its gold portfolio since 2016 at low cost. For the desk, this reinforces the medium-term supply pipeline and supports the view that well-capitalized producers can offset depletion via brownfield/near-mine success. It’s a constructive read-through for quality gold equities (reserve replacement, margin durability) rather than an immediate spot-gold catalyst. Watch for follow-through in guidance on AISC, reserve life, and project timelines as the tradeable inputs.