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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based multi-asset gold producer focused in West Africa. The Company has five operating assets consisting of the Hounde and Mana mines in Burkina Faso, the Ity and Lafigue mines in Cote d’Ivoire, and the Sabodala-Massawa mine in Senegal, two greenfield development projects (Assafou and Kalana) in Cote d’Ivoire and Mali and a portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Cote d’Ivoire, Senegal, and Guinea. The Hounde mine is located in the northern part of the highly prospective Hounde Greenstone Belt, approximately 60 kilometers (km) south of the Mana mine. The Ity mine is located in western Cote d'Ivoire, 480 km west-northwest from Abidjan, in the prefecture of Zouan-Hounien. 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.


TSX:EDV - Post by User

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Post by thisisriskystufon Apr 13, 2015 1:02pm
127 Views
Post# 23623751

Endeavour Mining produced 124,000 oz in Q1 2015 at mid-point

Endeavour Mining produced 124,000 oz in Q1 2015 at mid-pointVANCOUVER, April 9, 2015 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF) announces gold production of 124,000 ounces during Q1 2015, which represents a strong start towards full year production guidance of 475,000 to 500,000 ounces. All-in sustaining costs per ounce for Q1 2015 are estimated to be near the mid-point of the guidance range of $930 to $980. Neil Woodyer, CEO, stated "We are still finalizing our costs for Q1 2015, but the current AISC/oz estimate for the group is near the middle of the $930 to $980 guidance range. Our best performance comes from the Agbaou Mine with mine-level AISC/oz estimated below $600 during Q1 2015, which compares to $621 during 2014. Our most important cost improvement is at the Tabakoto Mine with mine-level AISC/oz estimated at approximately $1,150 during Q1 2015, which compares to $1,335 during 2014. Overall, we are very pleased with the production of 124,000 ounces, the continued outstanding performance at Agbaou, and the downward AISC trend at Tabakoto as it moves toward its guidance range for the year." Table 1: Q1 2015 Gold Production (in ounces) Agbaou Youga Tabakoto Nzema Total Q1 2015 45,322 17,868 33,574 26,979 123,743 The preliminary Q1 2015 production and other financial information in this new release are approximate figures and may differ from the final results included in the Q1 2015 financial statements and MD&A.
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