Endeavour Mining Reports Fatality at its Tabakoto Mine in Mali
July 11 2016 - 6:24PM
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Endeavour Reports
Fatality at its Tabakoto Mine in Mali
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George Town, July 11, 2016 - Endeavour Mining
Corporation (TSX:EDV)(OTCQX:EDVMF) announces with regret that a
fatal accident has occurred at its Tabakoto Mine in Mali. An
employee fell into a slot raise while working in the underground
mine at approximately 2:30pm on Friday July 8
th, 2016,
and passed away in a Bamako hospital on Saturday evening, July
9
th. Local
authorities in Mali have been notified and have launched an
investigation. Endeavour is cooperating fully with authorities and
is also conducting its own investigation to determine the root
cause of the accident. "We are deeply saddened by this tragic loss
and our sympathies and thoughts at this time are with the
individual's family, friends and colleagues," said Sébastien de
Montessus, CEO of Endeavour. "This incident is a terrible reminder
why safety is our top priority, every day and every shift. We will
thoroughly investigate this incident so we can work to prevent such
a tragedy from re-occurring."
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 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.
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 |
DFH Public Affairs in Toronto
John Vincic
(416) 206-0118 x.224
jvincic@dfhpublicaffairs.com
Brunswick Group LLP in London
Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.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.
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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#2027866
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