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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Bullboard Posts
Comment by marben100on Jul 06, 2017 2:52pm
184 Views
Post# 26441260

RE:News

RE:NewsHi MD,

Don't think the fact that the heap leach operation will continue whilst the CIL plant is constructed is new news. Without that there would clearly be a hiatus in Ity output, which is not suggested in any of EDV's presentations.

The question which remains open, is whether the heap leach operation will continue when the CIL plant is complete. I asked about this in one of the calls and was told that the "base case" was for the CIL to take over from the heap leach when it was complete, but the option of running both in parallel was under consideration. I guess the result of that consideration will become apparent when the new DFS is published.

Like you, looking forward to that! Hope the delay is for positive reasons.


Sad to see Attie go. He was a good man, but I have every confidence in Jeremy Langford who, I believe, managed the highly successful new mine construction projects. One of the most positive features of EDV has been its ability to deliver new mines on time and in budget, and with production meeting (or exceeding) expectations. There are few miners you can say that about!

Cheers,
Mark
Bullboard Posts