Endeavour Mining is pleased to announce that mining operations are expected to recommence at its Boungou mine in Burkina Faso in the coming weeks, following the mobilization of a West African mining contractor and completion of infrastructure and operating improvements. The Boungou mine has been processing stockpiles since early 2020 while the operation was being prepared for the restart of mining activities. A resumption [...]
Endeavour Mining is pleased to announce that Joanna Pearson is joining the Company in the coming months to assume the role of Executive Vice President and Chief Financial Officer effective early 2021. In the interim, Henri de Joux will continue to act as Interim Chief Financial Officer and Executive Vice President for People and IT. Commenting on the appointment, S?bastien de Montessus, CEO of Endeavour, said: “I am very [...]
2.5 MILLION OUNCES 1.3Moz Indicated resources added - $7.50/oz discovery cost - Updated PEA due Q4-2020. Indicated resource for the Lafigu? deposit has grown by 108% to 2.5Moz at 2.40 g/t Au, based on 0.5g/t cut-off grade Potential to be Endeavour’s highest grade operation with +2.0Moz at grades above 3.50 g/t Au based on a higher cut-off grade of 1.5 g/t Au As 97% of the total resource is classified in the Indicated [...]
HIGHLIGHTS Production of 149koz at an AISC of $939/oz in Q2-2020; Production of 321koz at an AISC of $918/oz in H1-2020 Integration process is largely complete with the SEMAFO assets slotted into Endeavour's well-established West African operating model On track to achieve full year production and AISC guidance for both Endeavour and SEMAFO assets despite COVID-19, resulting in a Pro Forma guidance of 995—1,095koz at an [...]
HIGHLIGHTS: Hounde M&I Resource increased by 554koz to 4.45Moz Au following further resource delineation at the Kari Area Today’s resource increase includes extensions for the Kari West and Kari Center deposits plus maiden resources for the adjacent Kari Gap, Kari South, and Kari Pump NE deposits The Kari Area now accounts for 57% of the Hound? M&I resource, with 2.5Moz of Indicated resources discovered over the past [...]
Endeavour Mining provides notice that it will release its financial results for the second quarter of 2020 on Wednesday August 5, before TSX market open. Management will host a conference call and webcast on the same day, Wednesday August 5, at 8:30am Toronto time to discuss the Company's financial results. The conference call and webcast are scheduled at: 5:30am in Vancouver 8:30am in Toronto and New York 1:30pm in [...]
Resource based on only 35% of holes drilled < $20/oz discovery cost 7 nearby targets confirmed HIGHLIGHTS: ?Le Plaques Indicated resource increased by 43%, ranking the deposit as Itys second largest and the highest grade : Indicated resource has grown to 7.9Mt at 2.66 g/t Au for 689koz while Inferred resource stands at 0.8Mt at 2.10 g/t Au for 52koz : Low discovery cost of
A mining permit has been awarded for the full Kari Area, which hosts the Kari Pump, Kari Center and Kari West discoveries Permitted as an extension of the main Hounde mining permit which benefits from the 2003 Mining Code Mining activities commenced at the high grade Kari Pump deposit, with over 60,000 m of grade control drilling completed in Q2-2020 Hound?’s production is expected to achieve upper end of 2020 guidance [...]
Endeavour Mining is pleased to announce the successful completion of the previously announced La Mancha Holding. Endeavour issued a total of 4,507,720 ordinary shares in the capital of Endeavour to La Mancha for aggregate net proceeds of US$100 million as La Mancha exercised its anti-dilution right in support of the SEMAFO acquisition. Following the investment, Endeavour now has 163,062,165 Shares outstanding with La [...]
Endeavour Mining is pleased to announce the successful completion of the previously announced acquisition of Semafo Inc., effective July 1, 2020. Pursuant to a court-approved plan of arrangement, shareholders of SEMAFO received 0.1422 of an Endeavour ordinary share for each SEMAFO common share held. As a result of the Arrangement, SEMAFO has become a wholly-owned subsidiary of Endeavour. The common shares of SEMAFO will [...]
Endeavour Mining is pleased to announce that it has received a notice from the Minister of Innovation, Science and Industry stating that no order for a national security review of its acquisition of Semafo Inc. will be made under the Investment Canada Act. This represents the conclusion of the previously announced assessment period under the Investment Canada Act, and means that all required regulatory approvals for the [...]
Endeavour Mining Corporation is pleased to announce that its shareholders have voted overwhelmingly in favour of the special resolution in support of the plan of arrangement pursuant to which Endeavour will indirectly acquire all of the SEMAFO common shares on the basis of 0.1422 of an Endeavour common share for each outstanding SEMAFO Share. Sebastien de Montessus, Endeavour President & CEO, commented: “We are pleased to [...]
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