Endeavour Terminates Discussions For Potential Transaction With Acacia
(Thomson Reuters ONE) -
ENDEAVOUR TERMINATES DISCUSSIONS FOR POTENTIAL TRANSACTION WITH ACACIA
View News Release in PDF Format
George Town, March 21, 2017 - Endeavour Mining Corporation
(TSX:EDV)(OTCQX:EDVMF) announced today that it has terminated discussions with
Acacia Mining plc regarding a potential corporate transaction, following the
inability to reach an agreement that it believed would create adequate value for
Endeavour shareholders. Endeavour confirmed on January 13, 2017, that it was in
preliminary discussions with Acacia Mining plc regarding a potential
transaction.
Sébastien de Montessus, President & CEO, stated: "Our main focus is to create
long-term value for our shareholders by advancing the strong organic growth
opportunities within our portfolio, which include both the Houndé and Ity CIL
projects and our ambitious five-year exploration program. We will continue to
maintain a disciplined approach to business development opportunities and only
enter into transactions that we believe are aligned with our long-term strategic
objectives and that create value for our shareholders."
CONTACT INFORMATION
Martino De Ciccio DFH Public Affairs in Toronto
VP - Strategy & Investor Relations John Vincic, Senior Advisor
+33 (0)1 70 38 36 95 (416) 206-0118 x.224
mdeciccio(at)endeavourmining.com jvincic(at)dfhpublicaffairs.com
Brunswick Group LLP in London
Carole Cable, Partner
+44 7974 982 458
ccable(at)brunswickgroup.com
ABOUT ENDEAVOUR MINING
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 2017, it expects to
produce between 600koz and 640koz at an AISC of US$860 to US$905/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.
Corporate Office: 5 Young St, Kensington, London W8 5EH, UK
View News Release in PDF Format:
http://hugin.info/171882/R/2088839/788523.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Endeavour Mining Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2017 - 17:50 Uhr
Sprache: Deutsch
News-ID 531604
Anzahl Zeichen: 3703
contact information:
Town:
George Town, Grand Cayman
Kategorie:
Business News
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"Endeavour Terminates Discussions For Potential Transaction With Acacia"
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