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Endeavour Mining Reports Q3 Results
ENDEAVOUR REPORTS Q3 RESULTS On-track to achieve upper-end of production guidance and bottom-end of AISC guidance View News Release in PDFView Presentation OPER
About this update from Endeavour Mining Plc
[{"type":"text","content":" ENDEAVOUR REPORTS Q3 RESULTS On-track to achieve upper-end of production guidance and bottom-end of AISC guidance View News Release in PDFView Presentation OPERATIONAL AND FINANCIAL Highlights Production from continuing operations of 139koz in Q3 and 438koz for YTD-2018, on-track to meet the upper-end of the FY-2018 guidance of 555-590koz AISC from continuing operations of $820/oz in Q3 and $759/oz for YTD-2018, on-track to meet the bottom-end of the FY-2018 guidance of $760-810/oz All-In Sustaining Margin of $40m for Q3 totalling $207m for YTD-2018, up 43% over YTD-2017 Operating Cash Flow per share (before non-cash working capital) of $0.42 for Q3 totalling $1.94 for YTD-2018, up 30% over YTD-2017 EPS from continuing operations of $0.14 in Q3 and $0.29 for YTD-2018, up from $(0.13) for YTD-2017 Net Debt of $535m at quarter-end, up from $410m at end of Q2 due to Ity CIL construction progressing ahead of schedule Well positioned to finance the remaining Ity CIL construction cash outflow of ~$122m with $213m in available sources of financing and liquidity in addition to cash flow being generated from operations UPCOMING CATALYSTS Q4 production expected to increase over Q3 following end of rainy season Maiden resource for Kari Pump discovery at Houndé expected to be released in the coming weeks Ity CIL construction progressing on-budget and two months ahead of schedule with first gold pour expected in early-Q2 George Town, November 7, 2018 - Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce its financial and operating results for the third quarter of 2018, with highlights provided in the table below. Table 1: Key Operational and Financial Highlights QUARTER ENDED NINE MONTHS ENDED Sep. 302018 Jun. 30, 2018 Sep. 30, 2017 Sep. 30, 2018 Sep. 30, 2017 VAR YTD-18 vs. YTD-17 PRODUCTION AND AISC HIGHLIGHTS (from continuing operations only) Gold Production, koz 139 147 79 438 252 +74% Realized Gold Price2, $/oz 1,161 1,257 1,198 1,240 1,183 +5% All-in Sustaining Cost1, $/oz 820 780 854 759 834 (9%) All-in Sustaining Margin1,3, $/oz 341 478 344 482 349 +38% CASH FLOW HIGHLIGHTS (includes discontinued operations...