Business
ENDEAVOUR MINING REPORTS INCREASED GOLD PRODUCTION, AND NET INCOME OF US$7.6 MILLION FOR QUARTER ENDED SEPTEMBER 30, 2010
ENDEAVOUR MINING REPORTS INCREASED GOLD PRODUCTION, AND NET INCOME OF US$7.6 MILLION FOR QUARTER ...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n\n Nov. 15, 2010 (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, Nov. 15 /CNW/ - Endeavour Mining Corporation\n ("Endeavour" or the "Corporation") today reported net income of US$7.6\n million or US$0.08 per share for the quarter ended September 30, 2010. \n As a result of the purchase of Etruscan Resources Inc. ("Etruscan") on\n September 10, 2010, the Corporation's results include the producing\n Youga Gold Mine for the 20-day period September 11 to September 30,\n 2010.\n\n\nAt September 30, 2010 the Corporation had cash and cash equivalents of\n US$187.8 million, marketable securities of US$34.9 million, and project\n debt of US$29 million at the 90% owned Youga Gold Mine in Burkina Faso,\n West Africa.\n\n\nOperational Highlights (for the full quarter ended September 30, 2010)\n\n\n\n236,023 tonnes of ore mined at an average grade of 3.07 g/t\n\n\nGold production of 23,173 ounces, up 21% from 19,220 ounces in the same\n period in 2009\n\n\nGold sales of 24,004 ounces, up 30% from 18,520 ounces in the same\n period in 2009\n\n\n\n16,024 ounces were sold at an average price of US$1,215 per ounce and\n 7,980 ounces were delivered into the $700 per ounce hedge\n\n\n\nTotal cash cost of US$598 per gold ounce sold, down 23% from US$783 per\n ounce in the same period of 2009\n\n\nOperating cash flow from mine operations of US$10.5 million\n\n\nFor the 20-day operating perio...