Business
ENDEAVOUR MINING REPORTS Q1 2011 CASH FLOW FROM MINE OPERATIONS OF $6.6 MILLION AND ON TRACK TO PRODUCE 84,000 OZS IN 2011
Jun. 13, 2011 (Canada NewsWire Group) -- Toronto Stock Exchange: EDV (All figures are ...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n Jun. 13, 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\n(All figures are in US dollars unless otherwise indicated)\n\n\nGEORGE TOWN, Grand Cayman, June 13, 2011 /CNW/ - Endeavour Mining\n Corporation ("Endeavour" or the "Corporation") (TSX: EDV) today\n announces financial and operational results for the first quarter of\n 2011.\n\n\nAs required by applicable Canadian rules, effective Q1 2011, Endeavour\n has prepared its financial statements in accordance with International\n Financial Reporting Standards ("IFRS"), including the restatement of\n the comparative periods previously reported under Canadian generally\n accepted accounting principles.\n\n\nThe Corporation's Youga Mine in Burkina Faso produced 20,056 ounces of\n gold during Q1 2011 at cash cost of $664 per ounce sold1. Endeavour is pleased to reiterate its production guidance for 2011\n with a production target of 84,000 ounces of gold at cash cost of\n approximately $600 per ounce sold1. At March 31, 2011, the Corporation had cash & equivalents and\n marketable securities of $196 million and was debt-free.\n\n\nFinancial Highlights from Q1 2011\n\n\n\nGold revenues of $26.1 million, which compares to $17.7 million in the\n same quarter of 2010\n\n\nEarnings from mine operations were $8.5 million, which compares to $3.4\n million in the same quarter of 2010\n\n\nOperating cash flow from mine operations was $6.6 million, which\n compare...