Business
Endeavour Mining sells non-core Rare Earths shareholding for US$5.3M cash
VANCOUVER, April 29, 2013 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corpor...
About this update from Endeavour Mining Plc
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 29, 2013 /CNW/ - Endeavour Mining Corporation (\"Endeavour\" or the \"Corporation\")\n (TSX:EDV), (ASX:EVR), (OTCQX:EDVMF) has sold its entire 38.5%\n shareholding in Namibia Rare Earths Inc. (TSX:NRE).  Endeavour sold its\n 30,000,000 shares of NRE at CDN$0.18 for cash proceeds of US$5.3\n million. \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-looking statements\" including but\n not limited to, statements with respect to Endeavour's plans and\n operating performance, the estimation of mineral reserves and\n resources, the timing and amount of estimated future production, costs\n of future production, future capital expenditures, and the success of\n exploration activities. Generally, these forward-looking statements can\n be identified by the use of forward-looking terminology such as\n \"expects\", \"expected\", \"budgeted\", \"forecasts\" and \"anticipates\".\n Forward-looking statements, while based on management's best estimates\n and assumptions, are subject to risks and uncertainties that may cause\n actual results to be materially different from those expressed or\n implied by such forward-looking statements, including but not limited\n to: risks related to the successful integration of acquisitions; risks\n related to international operations; risks related to general economic\n conditions and credit availability, ...