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Endomines posts record H1 2025, shares fall after cost and investment concerns

Endomines reports record numbers for H1 2025: revenue rose 61% to €34.7m and net profit climbed to €10.4m, supported by higher gold production and margin improvement. In Q2 production growth slowed temporarily due to the replacement of a jaw crusher and the use of ore with lower gold content. Investors reacted negatively to higher cash costs (€1,642/oz), low cash balances and extensive drilling and investment plans for expansion, causing the stock to fall after the release. Management still expects production to grow 10–20% in 2025 and plans a large drilling campaign and a multi-stage expansion plant aimed at much higher future production. » More on de.investing.com