Business
Endeavour Mining Declares Commercial Production of Its Ity Cil Project at Full Nameplate Capacity
Abidjan, April 8, 2019 - Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce commercial production of its Ity CIL project, in Côte d'Ivoi
About this update from Endeavour Mining Plc
[{"type":"text","content":" Abidjan, April 8, 2019 - Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce commercial production of its Ity CIL project, in Côte d'Ivoire, at its full nameplate capacity following a quick ramp up phase. Sébastien de Montessus, President & CEO, stated: \"I would like to congratulate the entire team for their hard work in helping us achieve this major accomplishment for Endeavour. Achieving commercial production at the Ity CIL project marks a transformational moment in our history and an inflection point as we significantly increase our free cash flow capabilities.\" The Ity CIL project began processing ore on February 20, 2019 and achieved its first gold pour on March 19, 2019. Its performance trial testing was recently successfully completed with all key metrics meeting prescribed targets: processing rate exceeding 11,100 tonnes per day, overall plant availability of 96%, and gold recovery rate of 94%. Ity is expected to produce 160-200koz in 2019 at an AISC of $525-590/oz, with the bottom-end of the production guidance corresponding to the 4Mtpa nameplate capacity while the top-end already factored in upsides such as an earlier start date, an expedited ramp-up and the plant producing above its nameplate. QUALIFIED PERSONS Clinton Bennett, Endeavour's Vice-President of Technical Services - a Member of the Australasian Institute of Mining and Metallurgy, is a \"Qualified Person\" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") and has reviewed and approved the technical information in this news release. ABOUT ENDEAVOUR MINING Endeavour Mining is a TSX listed intermediate African gold producer with a solid track record of operational excellence, project development and exploration in the highly prospective Birimian greenstone belt in West Africa. Endeavour is focused on offering both near-term and long-term growth opportunities with its project pipeline and its exploration strategy, while generating immediate cash flow from its operations. Endeavour operates 4 mines across Côte d'Ivoire (Agbaou and Ity) and Burkina Faso (Houndé, Karma) which are expected to produce 615-695koz in 2019 at an AISC of $760-810/oz. For more information, please visit www.endeavourmining.com. CONTACT INFORMATION Martino De Ciccio VP - S...