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Replies to post #212 on Endeavour Mining PLC (EDV)
VANCOUVER, Nov. 13, 2015 /CNW/ - Endeavour Mining Corporation ("Endeavour Mining") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF) announces Q3 2015 gold production of 124,893 ounces resulting in an all-in sustaining margin of $26.1 million. Over the nine month period to September 30, 2015, Endeavour Mining has produced 379,802 ounces at an AISC/oz of $917 resulting in an all-in sustaining margin of $98.2 million. Endeavour Mining's operations continue to perform well and are positioned to deliver at the high end of production guidance of 475,000 to 500,000 ounces with AISC/oz below our full-year $930 to $980/oz guidance range.
(All amounts in US dollars unless otherwise indicated)...
... Neil Woodyer, CEO, stated
"We continue to be pleased with our operations this quarter as we remain on track to deliver at the high end of our full-year production guidance at an AISC/oz below our $930 to $980 guidance range. At the start of the year, we forecasted our free cashflow, before tax and financing costs, at $100 million at $1,200 gold price. Actual free cash flow for the nine months to September 30 with our actual realized gold price of $1,178 is $72.5 million or 73% of the full year target.
We are in the process of closing the La Mancha transaction and have commenced the integration of the Ity mine into Endeavour Mining's operating and management control systems. The La Mancha transaction is expected to complete next week. The additional operating cash flows generated at the Ity mine and the $63 million cash contribution improves our balance sheet and positions Endeavour Mining to pursue further growth and continue our 'build & acquire' strategy at a low point in this gold price cycle.
The Houndé Project is a priority for the company and our Construction Services team is busy optimizing the construction plan. A construction decision for Houndé is expected in early 2016."
