Endeavour Mining initiates mining at Agbaou and completes power
line installation
VANCOUVER, Oct. 15, 2013 /CNW/ - Endeavour Mining
Corporation ("Endeavour" or the "Corporation")
(TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces that mining has begun at
its
Agbaou Gold Mine in C?te d'Ivoire. Construction continues on-plan
for
initial production in Q1 2014, with recent progress in power
line
installation, process plant infrastructure and
recruitment.
Agbaou Gold Mine Construction Highlights:
The project is more than 90% physically complete and remains on
budget
Power line tower construction and stringing of the 15 km 91KV line
is
complete. The high voltage transformer has been installed at
Agbaou
substation
Delivery of mining equipment has been ongoing, including two D9
dozers,
seven of the 777 haul truck fleet, and both Liebherr 9350
excavators.
Mining of the South Pit began earlier this week
ROM starter pad and Mine Services Area construction is complete
Process plant construction is 94% complete
Major reagents have arrived on-site. In addition,
commissioning,
operational and insurance spares are on-site.
Recruitment of staff and contract workers is progressing well
and
includes a focused effort towards hiring from local communities.
All
management positions have been secured
Recent community projects include construction of a local primary
school
and teachers' quarters (completed in August) and rehabilitation of
the
maternity health center and midwife housing.
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About Endeavour Mining Corporation
Endeavour is a gold producer
delivering growth.? Endeavour owns
three
gold mines producing more than 300,000 ounces per year in
Mali, Ghana
and Burkina Faso.? Endeavour's annual gold production is forecast
to
exceed 400,000 ounces per year during 2014, including the start-up
of
production at the Agbaou Gold Mine in Cote d'Ivoire scheduled for Q1
2014.? In addition, a January 2013
PEA shows potential for
approximately 150,000 ounces per year from the Hound? Project
in
Burkina Faso, which is being
assessed by a feasibility study during
2013.
Endeavour Mining Corporation is listed on the TSX (symbol EDV) and
ASX
(symbol EVR), and also trades on the OTCQX (symbol EDVMF).
On behalf of Endeavour Mining Corporation
Neil Woodyer
Chief Executive Officer
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.
SOURCE Endeavour Mining Corporation
Image with caption: "Clearing for Agbaou Process Plant,
September 2012 (CNW Group/Endeavour
Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32061.jpg
Image with caption: "Agbaou Gold Mine process plant aerial,
October 2013 (CNW Group/Endeavour
Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32062.jpg
Image with caption: "91KV transformer being lifted into place
(CNW Group/Endeavour Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32063.jpg
Image with caption: "Process plant 91KV substation (CNW
Group/Endeavour Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32064.jpg
Image with caption: "Crushing vault and conveyor (CNW
Group/Endeavour Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32065.jpg
Image with caption: "Mining commences on South Pit (CNW
Group/Endeavour Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32066.jpg
Image with caption: "CAT 777s on South Pit haul road (CNW
Group/Endeavour Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32067.jpg
Image with caption: "New Agbaou Primary School (CNW
Group/Endeavour Mining Corporation)". Image available at:
http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32068.jpg