Endeavour Mining Announces Board Change
(Thomson Reuters ONE) -
Endeavour Mining Announces Board Change
View News Release in PDF Format
George Town, August 2, 2016 - Endeavour Mining ("Endeavour") (TSX:EDV) announces
that Frank Giustra has stepped down from the Board of Directors of the Company,
effective July 30, 2016. Mr Giustra has served as a Director of Endeavour since
September 2013.
The Board of Directors thanks Mr Giustra for his commitment and valuable
contribution to Endeavour over the past three years and wishes him well.
Following this announcement, the Board will now be composed of six members,
including Chairman Michael E. Beckett, Ian Cockerill, Ian Henderson, Wayne
McManus, and Naguib Sawiris as Non-executive Directors; and Sébastien de
Montessus as Executive Director and CEO.
The Board, through its Governance and Nominating Committee, will lead a formal
search process to identify potential candidates with a background in mining to
join in the role of independent director.
Contact Information
Vincent Benoit DFH Public Affairs in Toronto
EVP - Strategy & Business Development John Vincic, Senior Advisor
+33 (0)1 70 38 36 96 (416) 206-0118 x.224
vbenoit(at)endeavourmining.com jvincic(at)dfhpublicaffairs.com
Martino De Ciccio Brunswick Group LLP in London
VP - Strategy & Investor Relations Carole Cable, Partner
+33 (0)1 70 38 36 95 +44 7974 982 458
mdeciccio(at)endeavourmining.com ccable(at)brunswickgroup.com
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 575koz and 610koz at an AISC of US$870 to US$920/oz. 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 an initial 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.
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/2032569/756637.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#2032569]
Unternehmensinformation / Kurzprofil:
Datum: 02.08.2016 - 13:52 Uhr
Sprache: Deutsch
News-ID 486817
Anzahl Zeichen: 5020
contact information:
Town:
George Town, Grand Cayman
Kategorie:
Business News
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