Business
ENDEAVOUR MINING PRODUCES 82,400 OUNCES OF GOLD AND REPAYS YOUGA PROJECT DEBT FACILITY IN 2010
Jan. 10, 2011 (Canada NewsWire Group) -- Toronto Stock Exchange: EDV  GEORGE TOWN,...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n\n Jan. 10, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nToronto Stock Exchange: EDV \n\n\nGEORGE TOWN, Grand Cayman, Jan. 10 /CNW/ - Endeavour Mining Corporation\n ("Endeavour" or the "Corporation") is pleased to report it produced\n 82,400 ounces of gold in 2010 at its Youga Mine, Burkina Faso and has\n fully repaid the US$27.9 million Youga project debt facility in 2010.\n\n\nHighlights\n\n\n\n82,400 ounces of gold production at the Youga Mine in 2010\n\n\nYouga Mine gold production forecast to increase to 84,000 ounces in 2011\n\n\nCash cost in 2011 expected to be approximately US$600 per ounce\n\n\nCorporation fully repaid the outstanding US$27.9 million Youga project\n debt facility\n\n\nCorporation is effectively debt-free and has cash and marketable\n securities of approximately US$200 million (including cash component of\n approximately US$165 million) and an undrawn acquisition credit\n facility of an additional US$100 million\n\n\nYouga is forecast to generate US$32 million of free operating cash flow\n during 2011\n\n\nUS$10 million budgeted in 2011 for accelerated exploration campaign at\n Youga\n\n\n\nGold Production Guidance 2011\n\n\nIn 2010 Endeavour produced 82,400 ounces of gold.  The Corporation is\n targeting 84,000 ounces of gold production in 2011 with cash costs\n expected to be approximately US$600 per ounce (excludes royalties).\n\n\nBased on a US$1,350 gold price, the Corporation expects the Youga Mine\n to gener...