Business
Endeavour Mining reports six-month gold production of 228,000 ozs
VANCOUVER , July 15, 2014 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corp...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\nVANCOUVER, July 15, 2014 /CNW/ - Endeavour Mining Corporation (\"Endeavour\" or the \"Corporation\") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF) announces record gold production of 122,517 ounces during Q2 2014 and half year production of 228,429 ounces. This strong gold production performance is a result of each of the four mines either achieving or exceeding key operating parameters.  \n\nNeil Woodyer, CEO, stated\n\n\"Agbaou and Nzema are performing above expectations and Tabakoto is now positioned to have a strong second half of 2014 as we are ramping up ore production from the new Segala underground mine.  With the solid performance from our mines so far this year, we consider that we will be at the upper end of our 400,000 to 440,000 ounce gold production guidance range for 2014.  Cash cost and AISC per ounce will be reported in the Q2 2014 financial results to be released in August.  However, it is expected that the AISC per ounce for Q2 2014 will be improved as compared to $1,059/oz in Q1 2014.\"  \n\nGold production results by mine is provided in Table 1.\n\nTable 1: Q2 2014 Gold Production for Q1 2014, Q2 2014 and H2 2014 Total \n\n\n\n\nOunces\n\n\nAgbaou\n\n\nYouga\n\n\nTabakoto\n\n\nNzema\n\n\nTotal\n\n\n\nQ1 2014\n\n\n24,086*\n\n\n19,867\n\n\n33,472\n\n\n28,487\n\n\n105,912\n\n\n\nQ2 2014\n\n\n31,878\n\n\n18,285\n\n\n36,408\n\n\n35,946\n\n\n122,517\n\n\n\nHalf-year total\n\n\n55,964\n\n\n38,152\n\n\n69,880\n\n\n64,433\n\n\n228,429\n\n* Includes 9,148 pre-production ounces from January 2014\n\nQualified Persons\n\nAdriaan \"Attie\" Roux, Pr.Sci.Nat, Endeavour's Chief Operating Officer, is a Qualified Person under NI 43-101, and has reviewed and approved the technical information related to mining operations in this news release.\n\nAbout Endeavour Mining Corporation\n\nEndeavour is a Canadian-based gold mining company producing over 400,000 ounces per year from four mines in West Africa.  Endeavour is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.\n\nOn behalf of Endeavour Mining Corporation\n\nNeil WoodyerChief Executive Officer\n\nThis news release contains \"forward-looking statements\" including but not limited to, statements with respe...