![](https://hugin.info/171882/I/1989583/99456.png)
Endeavour Mining Increases P&P Reserves and M&I Resources
by 32% and 39%, respectively
View News Release in PDF Format
> P&P Reserves up 32% to 5.9Moz; M&I Resources up 39%
to 11.0Moz
- Ity
acquisition added 1.6Moz of P&P reserves and 3.1Moz of M&I
resources
- Successful
exploration replenished 93% of M&I resource ounces depleted in
2015
> Agbaou
reserves and resources increased to above
2014 pre-production levels; free-dig oxide mine life extended by an
additional year
> Tabakoto exploration replenished
103% of M&I resource ounces depleted, despite realizing only
40% of planned campaign
> 2016
exploration budget of $20 million to focus on reserve replacement
and mine life extensions, up from $18 million in 2015
George Town,
February 29th, 2016 - Endeavour Mining (TSX:EDV) (OTCQX:EDVMF)
is pleased to announce that, at year-end 2015, the Company's Proven
and Probable mineral reserves ("P&P reserves") stood at 5.9Moz
of gold (4.7Moz on an attributable basis) and Measured and
Indicated mineral resources ("M&I resources") amounted to
11.0Moz of gold (8.6Moz on an attributable basis), representing a
32% and 39% increase, respectively, over the previous year on a
100% basis.
Neil Woodyer, CEO
of Endeavour, stated: "We are very pleased with our 2015
exploration program as the success achieved through reserve
replacement and mine life extension at both Agbaou and Tabakoto is
expected to generate immediate value.
Furthermore, the
value-accretive Ity mine acquisition has added 1.6Moz of reserves
and 3.1Moz of M&I resources, at an implied price of $9 per
attributable M&I resource ounce which compares very favorably
to our average discovery cost.
In light of our
expected capacity to increase exploration expenditure in coming
years, in accordance with our anticipated significant increase in
cash flow generation, in 2016 we plan to conduct a strategic review
of our portfolio to establish our long-term exploration strategy
and to prioritize targets."
Table 1: YoY Reserve and
Resource Variation[1]
On a 100%
basis,
in '000 ounces |
As at December 31,
2014 |
As at December 31,
2015 |
Variation |
P&P
Reserves |
4,505 |
5,925 |
+1,420 |
+32% |
M&I
Resources |
7,901 |
10,973 |
+3,072 |
+39% |
Inferred
Resources |
2,463 |
2,443 |
(20) |
(1%) |
As shown in Table 2, a total of
494koz were depleted during 2015, with 61% and 93%, respectively,
of depleted P&P reserves and M&I resources being
replenished. Exploration additions (excluding the Ity mine
acquisition) amounted to 460koz of M&I resources, which
includes the negative impact of reducing the gold price estimate
from US$1,600/oz to US$1,500/oz for the Agbaou, Nzema and Youga
mines. A total of 302koz were added to reserves (exclusive of
depletion), as a result of the resource conversion at the Agbaou
and Tabakoto mines.
Table 2: P&P Reserves and
M&I Resources replenished in 2015
On a 100% basis,
in '000 ounces |
2015
Ore Depletion1 |
P&P Reserve Depletion/Replacement |
|
M&I Resource Depletion/Replacement |
Ounces
added/removed2 |
% of depletion
replenished |
|
Ounces
added2 |
% of depletion
replenished |
Tabakoto |
162 |
+80 |
49% |
|
+167 |
103% |
Nzema3 |
73 |
(67) |
(91%) |
|
(27) |
(37%) |
Youga |
75 |
+3 |
4% |
|
+64 |
86% |
Agbaou |
184 |
+285 |
155% |
|
+256 |
139% |
Sub-total |
494 |
+302 |
61% |
|
+460 |
93% |
Ity4 |
7 |
+1,620 |
|
|
+3,113 |
|
Total |
501 |
+1,921 |
|
|
+3,573 |
|
1
Depletion on a processed ore contained ounce
basis
2 Includes exploration ounces delineated and changes due to
gold price and cut-off grade. Excludes ore depleted.
3 Nzema ore depletion is based on EDV ore and excludes
purchased ore
4Ity is included for the post-acquisition period of November
28 to December 31, 2015
Agbaou
Mine
At Agbaou, the $5.8 million
exploration program successfully delineated 256koz of M&I
resources, mainly comprised of soft oxide ore from the West pit
extension. Total mineral reserves increased by 11% over the
previous year, from 926koz to 1,027koz, despite the depletion of
184koz following the record production achieved in 2015. M&I
resources increased by 6% over the previous year, from 1,109koz to
1,181koz, with nearly 90% converted to reserves.
The current reserve is now 13%
greater than the 2014 pre-production reserve of 0.9Moz.[2] The
exploration program fully replaced the soft material mined during
2015 and added an additional year of free-dig oxide mine life,
which should allow the mine to maintain its current production
level over the next few years.
In 2016, exploration is expected
to focus on the North pit and South pit extensions, the Agbaou
South target, and to generate targets beyond the current resource
boundaries.
Tabakoto
Mine
At Tabakoto, the $7.8 million
exploration program focused primarily on the underground drilling
of mineralized zones below development in the Tabakoto and Segala
mines. Despite realizing only 40% of the planned underground
exploration campaign due to the lack of drilling access and
flooding, exploration successfully replenished 103% of the M&I
resources depleted, however only 49% of reserves were replenished
due to the delays encountered. Surface exploration delineated an
open pit M&I resource of 0.9Mt at 3.45g/t Au containing 105koz
at the Tabakoto Northwest deposit.
In 2016, the focus will be
directed towards delineating additional underground resources and
resource-to-reserve conversion. Furthermore, exploration is
expected to test the potential extension of the Kofi B deposit and
to generate new open pit targets on the Kofi trend, which lies
immediately north of Randgold's Loulo property.
Ity Mine
Following the acquisition of the
Ity mine in November 2015, the short-term exploration objective was
to add heap-leachable resources and subsequently convert them into
reserve. Subsequently, the heap leach reserve now stands at 191koz,
up 10% compared to the amount communicated in September 2015.
Furthermore, several targets have been identified and are currently
being drilled, which should allow the mine to continue to extend
its heap leach mine life.
New targets are expected to be
drilled on the Ity property in 2016, aimed at delineating
additional resources for the CIL project. Furthermore, Endeavour
has strategically applied for adjacent exploration tenements in
light of the exploration success achieved at Ity over the recent
years, which allowed its M&I resources to increase from
0.2Moz[3] to 3.1Moz
between 2012 and 2015.
Nzema
Mine
Since the mine life of the Adamus
pit extends to 2019 based on reserves, no significant exploration
capital was allocated in 2015. Consequently, the reserve and
resource variances are due to mining depletion and a lower gold
price used for the resource estimate.
Youga
Mine
Youga reserve and resource
variances are mainly due to mining depletion as no significant
exploration capital was allocated in 2015. The resource depletion
was partially offset by changes in technical parameters used to
estimate the resources (increased pit-shell due to lower mining
cost estimates which more than compensated for the lower gold price
used).
Houndé
Project
The reserve and resource estimates
for Houndé remain unchanged.
Contact
Information
Vincent
Benoit
EVP - Strategy & Business
Development
+33 (0)1 70 38 36 96
vbenoit@endeavourmining.com
Martino De
Ciccio
VP - Strategy & Investor
Relations
+33 (0)1 70 38 36 95
mdeciccio@endeavourmining.com
Brunswick Group
LLP
Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.com
Qualified Persons
Adriaan "Attie"
Roux, Pr.Sci.Nat, Endeavour's Chief Operating Officer, is a
Qualified Person under NI 43-101, and has reviewed and approved the
technical information related to mining operations in this news
release. Michael Alyoshin, MAusIMM CP Min,
Endeavour's Chief mining engineer, is a Qualified Person under NI
43-101, and has reviewed and approved the information ore depletion
information related to mining operations in this news release.
Gérard De Hert, EurGeol, Vice President
Exploration is the Qualified Person overseeing Endeavour's
exploration projects in West Africa and has reviewed and approved
the exploration and resource information in this news release.
The Qualified Persons for the
mineral resources and mineral reserves are listed as footnotes to
the tables provided in the Appendix to this new release
About Endeavour Mining Corporation
Endeavour Mining is a TSX-listed
intermediate gold mining company which operates 5 West African
mines in Côte d'Ivoire, Mali, Burkina Faso and Ghana. In 2016, it
expects to produce between 575,000 and 600,000 ounces at an all-in
sustaining cost of US$875 to US$925 per ounce. Endeavour Mining is
focused on effectively managing its existing assets to maximize
cash flow as well as pursuing organic and strategic growth
opportunities that benefit from its management and operational
expertise.
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, including
but not limited to: risks related to the successful integration of
acquisitions; risks related to international operations; risks
related to general economic conditions and credit availability,
actual results of current exploration activities, unanticipated
reclamation expenses; changes in project parameters as plans
continue to be refined; fluctuations in prices of metals including
gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; delays in the completion of
development or construction activities, changes in national and
local government regulation of mining operations, tax rules and
regulations, and political and economic developments in countries
in which Endeavour operates. Although Endeavour has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such 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.
APPENDIX 1: Mineral
Reserves and Resources Statement and Notes |
Resources
inclusive of Reserves |
On a 100% basis |
|
On an attributable basis |
Tonnage
(Mt) |
Grade (Au
g/t) |
Content (Au
koz) |
|
Tonnage
(Mt) |
Grade (Au
g/t) |
Content (Au
koz) |
Nzema Mine (90% owned)1 |
Proven Reserves |
3.2 |
2.25 |
230 |
|
2.9 |
2.25 |
207 |
Probable Reserves |
1.5 |
2.57 |
125 |
|
1.4 |
2.57 |
113 |
P&P Reserves |
4.7 |
2.35 |
356 |
|
4.2 |
2.35 |
320 |
Measured Resource |
22.4 |
1.36 |
976 |
|
20.2 |
1.36 |
878 |
Indicated Resources |
12.2 |
1.31 |
514 |
|
11.0 |
1.31 |
463 |
M&I Resources |
34.6 |
1.34 |
1,490 |
|
31.1 |
1.34 |
1,341 |
Inferred
Resources |
5.9 |
1.28 |
244 |
|
5.3 |
1.28 |
219 |
Youga Mine (90% owned)2 |
Proven Reserves |
1.9 |
1.49 |
93 |
|
1.7 |
1.49 |
83 |
Probable Reserves |
0.6 |
1.95 |
37 |
|
0.5 |
1.95 |
33 |
P&P Reserves |
2.5 |
1.59 |
130 |
|
2.3 |
1.59 |
117 |
Measured Resource |
8.1 |
1.24 |
321 |
|
7.3 |
1.24 |
289 |
Indicated Resources |
9.7 |
1.54 |
480 |
|
8.7 |
1.54 |
432 |
M&I Resources |
17.8 |
1.40 |
801 |
|
16.0 |
1.40 |
721 |
Inferred
Resources |
3.1 |
1.53 |
150 |
|
2.8 |
1.53 |
135 |
Agbaou Mine (85% owned)3 |
Proven Reserves |
1.9 |
2.53 |
156 |
|
1.6 |
2.53 |
132 |
Probable Reserves |
11.3 |
2.40 |
871 |
|
9.6 |
2.40 |
741 |
P&P Reserves |
13.2 |
2.42 |
1,027 |
|
11.2 |
2.42 |
873 |
Measured Resource |
1.9 |
2.67 |
166 |
|
1.6 |
2.67 |
141 |
Indicated Resources |
12.5 |
2.53 |
1,014 |
|
10.6 |
2.53 |
862 |
M&I Resources |
14.4 |
2.54 |
1,180 |
|
12.3 |
2.54 |
1,003 |
Inferred
Resources |
1.2 |
1.71 |
65 |
|
1.0 |
1.71 |
56 |
Tabakoto Mine (80-90% owned)4 |
Proven Reserves |
2.3 |
3.19 |
235 |
|
1.9 |
3.18 |
190 |
Probable Reserves |
4.2 |
3.68 |
491 |
|
3.5 |
3.67 |
413 |
P&P Reserves |
6.4 |
3.50 |
725 |
|
5.4 |
3.50 |
603 |
Measured Resource |
6.3 |
2.86 |
575 |
|
5.1 |
2.85 |
463 |
Indicated Resources |
12.3 |
3.22 |
1,270 |
|
10.5 |
3.17 |
1,068 |
M&I Resources |
18.5 |
3.09 |
1,844 |
|
15.5 |
3.07 |
1,531 |
Inferred
Resources |
9.0 |
3.55 |
1,023 |
|
7.3 |
3.52 |
826 |
Houndé Project (90% owned)5 |
Proven Reserves |
3.7 |
2.48 |
296 |
|
3.3 |
2.48 |
266 |
Probable Reserves |
26.9 |
2.06 |
1,779 |
|
24.2 |
2.06 |
1,601 |
P&P Reserves |
30.6 |
2.11 |
2,075 |
|
27.5 |
2.11 |
1,867 |
Measured Resource |
3.7 |
2.57 |
305 |
|
3.3 |
2.57 |
274 |
Indicated Resources |
34.2 |
2.04 |
2,247 |
|
30.8 |
2.04 |
2,022 |
M&I Resources |
37.9 |
2.09 |
2,551 |
|
34.1 |
2.09 |
2,296 |
Inferred
Resources |
3.2 |
2.62 |
274 |
|
2.9 |
2.62 |
246 |
Ity Mine & CIL Project
(55% owned)6 |
Proven Reserves |
- |
- |
- |
|
- |
- |
- |
Probable Reserves |
30.4 |
1.65 |
1,613 |
|
16.7 |
1.65 |
887 |
P&P Reserves |
30.4 |
1.65 |
1,613 |
|
16.7 |
1.65 |
887 |
Measured Resource |
27.3 |
1.35 |
1,190 |
|
15.0 |
1.35 |
655 |
Indicated Resources |
34.1 |
1.75 |
1,916 |
|
18.7 |
1.75 |
1,054 |
M&I Resources |
61.4 |
1.57 |
3,106 |
|
33.8 |
1.57 |
1,708 |
Inferred
Resources |
14.1 |
1.52 |
687 |
|
7.7 |
1.52 |
378 |
Total |
|
|
|
|
|
|
|
Proven Reserves |
13.0 |
2.41 |
1,009 |
|
11.4 |
2.39 |
879 |
Probable Reserves |
74.8 |
2.04 |
4,916 |
|
55.9 |
2.11 |
3,788 |
P&P Reserves |
87.9 |
2.10 |
5,925 |
|
67.4 |
2.16 |
4,667 |
Measured Resource |
69.7 |
1.58 |
3,533 |
|
52.5 |
1.60 |
2,700 |
Indicated Resources |
115.0 |
2.01 |
7,440 |
|
90.3 |
2.03 |
5,900 |
M&I Resources |
184.6 |
1.85 |
10,973 |
|
142.8 |
1.87 |
8,600 |
Inferred
Resources |
36.5 |
2.08 |
2,443 |
|
27.1 |
2.14 |
1,861 |
Technical
Notes:
1- Nzema
mineral resource update prepared by Eric Acheampong (Endeavour) as
depletion, effective date December 31, 2015, of mineral resource
prepared by N.J. Johnson MAIG (MPR Geological Consultants Pty
Ltd.), Qualified Person for the mineral resources; M. Alyoshin
MAusIMM CP Min (Endeavour) is Qualified Person for Nzema mineral
reserves. Most recent filed report is "Technical Report and Mineral
Resource and Reserve Update for the Nzema Gold Mine, Ghana, West
Africa", effective date December 31, 2012, prepared by N.J. Johnson
MAIG (MPR Geological Consultants Pty Ltd.), Q. De Klerk FAusIMM
(Cube Consulting Pty Ltd.) and W.J.A. Yeo MAIG (Endeavour), A.A.
Roux Pr.Sci.Nat. (Endeavour).
2- Youga K.
Harris CPG (Endeavour) is Qualified Person for Youga mineral
resources; K. Woodman P.Geo. (Endeavour) is Qualified Person for
Ouaré mineral resources; A. de Freitas C.Eng (Endeavour) is
Qualified Person for Youga mineral reserves; Most recent filed
report is "Technical Report, Mineral Resource and Mineral Reserve
Update for the Youga Gold Mine, Burkina Faso, West Africa"
effective date December 31, 2014, prepared by K. K. Woodman, K.
Harris and A. de Freitas of Endeavour.
3- Agbaou
Resource updated from 43-101 technical report titled "Technical
Report Mineral Resource and Reserve Update for the Agbaou Gold Mine
Côte d'Ivoire West Africa" effective December 31, 2014. Update
mineral resources estimates effective December 31, 2015 prepared by
Kevin Harris (CPG), Qualified Person not independent of Endeavour
Mining Corporation. Reserve Update for the Agbaou Gold Mine, Côte
d'Ivoire, West Africa, prepared by Michael Alyoshin MAusIMM CP
(Mining), Qualified Person Not Independent of Endeavour Mining
Corporation.
4- Tabakoto
The breakdown for underground and
open pit reserves is as follows:
|
Underground Reserves |
|
Open Pit Reserves |
(on a 100% basis) |
Tonnage
(kt) |
Grade (Au
g/t) |
Content (Au koz) |
|
Tonnage (kt) |
Grade (Au
g/t) |
Content (Au
koz) |
Proven Reserves |
1,753 |
3.46 |
195 |
|
538 |
2.29 |
40 |
Probable Reserves |
1,958 |
3.86 |
243 |
|
2,195 |
3.51 |
248 |
P&P Reserves |
3,711 |
3.67 |
438 |
|
2,733 |
3.27 |
287 |
K. Harris CPG (Endeavour) is
Qualified Person for Tabakoto and Kofi B, ALinear and Betea mineral
resources; E. Puritch, P.Eng (P&E Mining Consultants Inc.) is
the Qualified Person for the Kofi A, Kofi C, and Blanaid mineral
resources. M. Alyoshin MAusIMM CP Min (Endeavour) is Qualified
Person for open pit mineral reserves; V. Duke ECSA
(Sound Mining) is Qualified Person for underground mineral
reserves. Most recent filed report is "Technical Report and Mineral
Resource and Mineral Reserve Update for the Tabakoto Gold Mine,
Mali, West Africa" effective date December 31, 2013, prepared by G.
de Hert EurGeol (Endeavour); K. Harris CPG (Endeavour); M. Alyoshin
MAusIMM CP Min (Endeavour), V. Duke ECSA (Sound Mining), A.A. Roux
Pr.Sci.Nat.(Endeavour), E. Puritch, P.Eng (P&E Mining
Consultants Inc.), Antoine Yassa, P.Geo (P&E Mining Consultants
Inc.).
5- Hounde M.
Zammit MAIG (Cube Consulting) is an independent Qualified Person
for the Vindaloo mineral resources. Kevin Harris CPG (Endeavour) is
a Qualified Person for the Bouéré and Dohoun mineral resources.
R.M. Cheyne FAusIMM (Oreology) is an independent Qualified Person
for the Vindaloo mineral reserves and the overall mining schedule.
Michael Alyoshin MAusIMM CP Min (Endeavour) is a Qualified Person
for the Bouéré and Dohoun mineral reserves. Most recent filed
report is "Houndé Gold Project - Burkina Faso, Feasibility Study NI
43-101 Technical Report" effective date October 31, 2013, prepared
by M. Zammit MAIG (Cube Consulting), M. Warren MIEAust CPEng
(Lycopodium), R.M. Cheyne FAusIMM (ORELOGY), D. Morgan CPEng
(Knight Piésold), P. O'Bryan MAusIMM (CP) (Peter O'Bryan and
Associates).
6- Ity
The breakdown for the heap leach
operation and CIL project reserves is as follows:
|
Heap Leach Reserves |
|
CIL Reserves |
(on a 100% basis) |
Tonnage
(kt) |
Grade (Au
g/t) |
Content (Au koz) |
|
Tonnage (kt) |
Grade (Au
g/t) |
Content (Au
koz) |
Proven Reserves |
- |
- |
- |
|
- |
- |
- |
Probable Reserves |
2,392 |
2.39 |
184 |
|
27,967 |
1.59 |
1,429 |
P&P Reserves |
2,392 |
2.39 |
184 |
|
27,967 |
1.59 |
1,429 |
K. Body Pr.Sci.Nat. (Coffey) is
the independent Qualified Persons for the Aires, Teckraie, Verse
Ouest, Daapleu, ZiaNE, Ity Flat and Mont Ity mineral resources and
R. Bosc Eur.Geol. (Arethuse) is the independent Qualified Person
for the Walter and Gbeitouo mineral resources. M. Alyoshin MAusIMM
CP Min (Endeavour) is a Qualified Person for the Ity Heap Leach
mineral reserves and J. Baker P.Eng. (SNC-Lavalin) is a Qualified
Person for the CIL mineral reserves. Most recent filed report is
"Technical Report for the Ity Gold Mine, Cote d'Ivoire, West
Africa" effective date July 31, 2015, prepared by K. Body
Pr.Sci.Nat. (Coffey), M. Mudau Pr.Sci.Nat. (Coffey), C. Cunningham
Pr.Eng. (Turnberry), R. Bosc Eur.Geol. (Arethuse), P. Perez P.Eng.
(SGS), J. Baker P.Eng. (SNC-Lavalin), D. Gauthier Eng.
(SNC-Lavalin), P. Larochelle Eng. (SNC-Lavalin) and H. Sangam Eng.
(SNC-Lavalin).
The following notes apply to the
tables:
- Mineral Resources that are not
Mineral Reserves do not have demonstrated economic viability
- Tonnages are rounded to the nearest
100,000 tonnes; gold grades are rounded to two decimal place;
ounces are rounded to the nearest 1,000 ounces. Rounding may result
in apparent summation differences.
- Tonnes and grade measurements are in
metric units; contained gold is in troy ounces.
Gold price and
Cut-off grades:
|
Resources Gold price,
US$/oz |
Resource lower cut-off grade, g/t Au |
Reserves Gold Price,
US$/oz |
Reserve lower cut-off grade, g/t Au |
Nzema |
1,500 |
0.50 |
1,250 |
0.8 to
1.9* |
Youga |
1,500 to 1,600* |
0.50 |
1,150 |
1.0 |
Agbaou |
1,500 |
0.50 |
1,350 |
0.6 to
0.8 |
Tabakoto |
1,350 to 1,600* |
0.5 to 1.5* |
1,250 |
1.1 to
1.9* |
Houndé |
1,500 |
0.50 |
1,300 |
0.4 to
0.8* |
Ity |
1,500 |
0 to 0.5* |
HL: 1,250 CIL: 1,150* |
0.6 to
1.5* |
*Varies by distance from deposit
to the mill, ore type and mining method (OP/UG)
APPENDIX 2: Mine and
Deposit Layouts
Agbaou
Mine
![](https://hugin.info/171882/I/1989583/99476.jpg)
Ity Mine
![](https://hugin.info/171882/I/1989583/99477.jpg)
Tabakoto
Mine
![](https://hugin.info/171882/I/1989583/99478.jpg)
Nzema Mine
![](https://hugin.info/171882/I/1989583/99479.jpg)
Youga Mine
![](https://hugin.info/171882/I/1989583/99480.jpg)
[1] Note: M&I Resources shown are inclusive of P&P
Reserves. Further details concerning the December 31, 2015
available in the Tables and the Notes to Mineral Resources and
Reserves in the appendix of this news release. Further information
concerning the Mineral Resource and Mineral Reserve as at December
31, 2014, is available in the February 19, 2015, press release
entitled "Endeavour Mining increases Mineral Reserves to 4.5Moz
with exploration additions of 870,000 oz in 2014".
[2]
Pre-production P&P reserve amounted to 11Mt at an average grade
of 2.54 g/t Au for 0.9Moz. For more information please consult the
Company's June 11, 2012 press release, available at
www.endeavourmining.com.
[3]Ity's
M&I resource on a 100% basis was 1.6Mt at an average grade of
3.31 g/t Au containing 0.2Moz, as at Dec. 31, 2012.
Nzema Mine
Ity Mine
Agbaou Mine
Youga Mine
View News Release in PDF Format
Tabakoto Mine
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1989583
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