Endeavour Mining reports six-month gold production of 228,000 ozs
Canada NewsWire
VANCOUVER, July 15, 2014
VANCOUVER , July 15, 2014 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF) announces record gold production of 122,517 ounces during Q2 2014 and half year production of 228,429 ounces. This strong gold production performance is a result of each of the four mines either achieving or exceeding key operating parameters.
Neil Woodyer , CEO, stated
" Agbaou and Nzema are performing above expectations and Tabakoto is now positioned to have a strong second half of 2014 as we are ramping up ore production from the new Segala underground mine. With the solid performance from our mines so far this year, we consider that we will be at the upper end of our 400,000 to 440,000 ounce gold production guidance range for 2014. Cash cost and AISC per ounce will be reported in the Q2 2014 financial results to be released in August. However, it is expected that the AISC per ounce for Q2 2014 will be improved as compared to $1,059 /oz in Q1 2014."
Gold production results by mine is provided in Table 1.
Table 1 : Q2 2014 Gold Production for Q1 2014, Q2 2014 and H2 2014 Total
| Ounces | Agbaou | Youga | Tabakoto | Nzema | Total |
| Q1 2014 | 24,086* | 19,867 | 33,472 | 28,487 | 105,912 |
| Q2 2014 | 31,878 | 18,285 | 36,408 | 35,946 | 122,517 |
| Half-year total | 55,964 | 38,152 | 69,880 | 64,433 | 228,429 |
* Includes 9,148 pre-production ounces from January 2014
Qualified Persons
Adriaan "Attie" Roux , Pr.Sci.Nat, Endeavour's Chief Operating Officer, is a Qualified Person under NI 43-101, and has reviewed and approved the technical information related to mining operations in this news release.
About Endeavour Mining Corporation
Endeavour is a Canadian-based gold mining company producing over 400,000 ounces per year from four mines in West Africa. Endeavour is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.
On behalf of Endeavour Mining Corporation
Neil Woodyer
Chief Executive Officer
This news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour's plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business.
SOURCE Endeavour Mining Corporation
