Endeavour Mining Announces Results of Annual General Meeting
(Thomson Reuters ONE) -
Endeavour Mining Announces Results
of Annual General Meeting
View News Release in PDF Format
George Town, June 28, 2016 - Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF)
is pleased to announce the voting results of its Annual General Meeting of
Shareholders held on Tuesday, June 28, 2016. Shareholders voted to re-elect the
nominees for the Company's Board of Directors ("The Board").
Sébastien de Montessus has been appointed as Chief Executive Officer ("CEO"),
effective today, replacing Mr. Neil Woodyer who has also decided to step down
from the Board. The Board of Directors wishes to thank Mr. Woodyer for his
significant contribution to the growth of the Company.
Michael Beckett, Chairman of the Board of Directors commented, "I am pleased
that all proposed resolutions have been passed and thank all our shareholders
for their continuing support. I would like to pay particular tribute to Neil
Woodyer as he steps down as CEO. It was Neil's vision that created Endeavour,
and under his leadership the business has grown from a single operating mine to
become a leading West African gold producer with 5 mines in operation and 2
advanced development projects. He created a company that has delivered
significant value for shareholders and he leaves it well placed to continue its
growth trajectory. On behalf of the company and its investors, we thank him for
his considerable achievements and wish him every success for the future."
"I would also like to welcome Sebastien de Montessus as CEO. We are very pleased
that he will lead the company in the next phase of its development. Sebastien's
experience and expertise in the mining industry ensures that Endeavour is in
good hands as we continue to pursue our growth strategy. In addition, over the
coming months we plan to review and improve our corporate governance to achieve
industry best practice," added Mr. Beckett.
Sébastien de Montessus, CEO of Endeavour, said: "Neil should be rightly proud of
his achievements. He led the growth of a company that today contains a
portfolio of low cost assets with exceptional prospects for future growth,
including Hounde, Ity and Karma, and that is backed and supported by a strong
balance sheet and a quality team with a first class track record of project
construction and operation. I am very excited to lead Endeavour into the next
phase of its growth and to generate value for the company's shareholders and
stakeholders."
The results for each resolution were as follows:
Resolution Votes For % For Votes Withheld % Withheld
-------------------------------------------------------------------------
Elect Michael Beckett 38,715,255 67.49% 18,652,401 32.51%
-------------------------------------------------------------------------
Elect Ian Cockerill 57,134,342 99.59% 233,314 0.41%
-------------------------------------------------------------------------
Elect Frank Giustra 57,316,574 99.91% 51,082 0.09%
-------------------------------------------------------------------------
Elect Ian Henderson 54,009,767 94.15% 3,357,889 5.85%
-------------------------------------------------------------------------
Elect Wayne McManus 52,869,561 92.16% 4,498,095 7.84%
-------------------------------------------------------------------------
Elect Sébastien de Montessus 57,313,641 99.91% 54,015 0.09%
-------------------------------------------------------------------------
Elect Miguel Rodriguez 56,181,240 97.93% 1,186,416 2.07%
-------------------------------------------------------------------------
Elect Naguib Sawiris 56,032,936 97.67% 1,334,720 2.33%
-------------------------------------------------------------------------
Appoint Deloitte LLP 60,837,119 99.73% 164,748 0.27%
-------------------------------------------------------------------------
About Endeavour Mining Corporation
Endeavour Mining is a TSX-listed intermediate gold producer, focused on
developing a portfolio of high quality mines in the prolific West-African
region, where it has established a solid operational and construction track
record.
Endeavour is ideally positioned as the major pure West-African multi-operation
gold mining company, operating 5 mines in Côte d'Ivoire (Agbaou and Ity),
Burkina Faso (Karma), Mali (Tabakoto), and Ghana (Nzema). In 2016, it expects to
produce between 535koz and 560koz at an AISC of US$870 to US$920/oz, excluding
Karma which is in the commissioning stage. Endeavour is currently building its
Houndé project in Burkina Faso, which is expected to commence production in Q4-
2017 and to become its flagship low-cost mine with an average annual production
of 190koz at an AISC of US$709/oz over a 10-year mine life based on reserves.
The development of the Houndé project is expected to lift Endeavour's group
production +900kozpa and decrease its average AISC to circa $800/oz by 2018,
while exploration aims to extend all mine lives to +10 years.
Contact Information
DFH Public Affairs in Toronto
Vincent Benoit
John Vincic
EVP - Strategy & Business Development (416) 206-0118 x.224
+33 (0)1 70 38 36 96 jvincic(at)dfhpublicaffairs.com
vbenoit(at)endeavourmining.com
Brunswick Group LLP in London
Martino De Ciccio
Carole Cable, Partner
VP - Strategy & Investor Relations +44 7974 982 458
+33 (0)1 70 38 36 95 ccable(at)brunswickgroup.com
mdeciccio(at)endeavourmining.com
Endeavour Mining | Executive Office | Bureau 76, 7 Boulevard des Moulins,
Monaco 98000
This news release contains "forward-looking statements" including but not
limited to, statements with respect to Endeavour's plans and operating
performance, the estimation of mineral reserves and resources, the timing and
amount of estimated future production, costs of future production, future
capital expenditures, and the success of exploration activities. Generally,
these forward-looking statements can be identified by the use of forward-looking
terminology such as "expects", "expected", "budgeted", "forecasts", and
"anticipates". Forward-looking statements, while based on management's best
estimates and assumptions, are subject to risks and uncertainties that may cause
actual results to be materially different from those expressed or implied by
such forward-looking statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Please refer to Endeavour's most recent
Annual Information Form filed under its profile at www.sedar.com for further
information respecting the risks affecting Endeavour and its business.
View News Release in PDF Format:
http://hugin.info/171882/R/2023486/751814.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Endeavour Mining Corporation via GlobeNewswire
[HUG#2023486]
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2016 - 14:12 Uhr
Sprache: Deutsch
News-ID 480400
Anzahl Zeichen: 8483
contact information:
Town:
George Town, Grand Cayman
Kategorie:
Business News
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