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Endeavour Mining reports Tabakoto Mill expansion achieves design capacity
VANCOUVER , June 25, 2013 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corp...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\nVANCOUVER, June 25, 2013 /CNW/ - Endeavour Mining Corporation\n (\"Endeavour\" or the \"Corporation\") (TSX:EDV, ASX:EVR, OTCQX:EDVMF)\n announces that the expanded mill at the Tabakoto Gold Mine is now\n operating at design capacity with June throughput expected to average\n 4,000 tpd. The expansion and ramp-up have been completed on time and,\n over the last 10 days, the mill throughput has ranged between 4,300 and\n 4,600 tpd.\n\n\n\n\n\nNeil Woodyer, CEO, stated\n\n\n\"We are very pleased to have completed the mill expansion on plan and on\n budget. The mill is meeting our expectations, which include increasing\n our gold production while reducing our unit operating costs. The\n expanded Tabakoto operation is now producing gold at a rate of\n approximately 150,000 ozs per year.\" \n\n\n\n\n\nThe mill expansion has increased capacity from 2,000 tpd to 4,000 tpd\n and included addition of a SAG mill, additional CIL tanks, an\n additional thickener, a new gravity tower, an in-line leach reactor and\n a new gold room. Feed to the mill during 2013 is approximately 50/50\n from the Djambaye open pit and the Tabakoto underground mine.\n Development of a second underground mine at the Segala deposit is\n proceeding well toward production in early 2014. Development has\n reached 670 metres from the portal.\n\n\nAbout Endeavour Mining Corporation\n\n\nEndeavour is a gold producer delivering growth. Endeavour owns three\n gold mines producing more than 300,000 ounces per year in Mali, Ghana\n and Burkina Faso that are generating significant operating cash flows\n which, together with cash and bullion balances, are funding further\n expansion. Endeavour's annual gold production is forecast to reach\n 450,000 ounces per year during 2014, including the Tabakoto mill\n expansion in 2013 and completion of construction of Agbaou Gold Mine in\n Côte d'Ivoire scheduled for Q1 2014. In addition, a January 2013 PEA\n shows potential for 160,000 ozs per year from the Houndé Project in\n Burkina Faso, which is being assessed by a feasibility study during\n 2013.\n\n\nEndeavour Mining Corporation is listed on the TSX (symbol EDV) and ASX\n (symbol EVR), and also trades on the OTCQX (symbol EDVMF).\n\n\nOn behalf of Endeavour Mining Corporation\n\n\nNeil Woodyer Chief Executive Officer\n\n\nThis news release contains \"forward-lookin...