Endeavour Gold production of 132K oz is registered in First Quarter 2016 on-track to meet full-year guidance with higher production expected in the upcoming quarters.
Neil Woodyer, CEO of Endeavour, stated: “Our first quarter results have met our expectations and we are on track to achieve our objectives for 2016."
"The Agbaou and Ity mines are delivering excellent performance and the underground Tabakoto mines should gain momentum in the coming quarters" he adds.
Our group AISC has continued to decrease, achieving $889/oz from our current operations, which provides a solid cash generation foundation.
We have also strengthened our financial position with the cash received from La Mancha following the close of the True Gold transaction. The second quarter will be important for Endeavour with the integration of True Gold’s Karma Mine and its ramp-up to commercial production, and the start of construction at our Houndé project which will ultimately become ourflagship low-cost mine.