Endeavour Mining is evolving into a self-sustaining West African gold platform, leveraging high gold prices to strengthen its balance sheet and fund growth. EDVMF generated record free cash flow in 2025, moved to a net cash position in Q1 2026, and established a robust multi-year shareholder return framework. The Assafou project, with a 16-year mine life and low AISC, offers a credible path to a larger, lower-cost production base and significant NPV upside at higher gold prices.