New PEA Estimates Yearly Gold Production of 161,000 oz at Endeavour’s Hounde Project

Endeavour Mining Corp. (TSX:EDV,ASX:EVR,OTCQX:EDVMF) announced the receipt of a positive NI 43-101 compliant preliminary economic assessment (PEA) for its Burkina Faso-based Hounde gold project, also noting that an updated mineral resource estimate for the project is available.

According to the press release, highlights of the PEA include:

  • Estimated potential average annual production of 161,000 gold ozs per year over a 10 year mine life, with total life of mine production of 1.61 million ozs
  • An average 91% process recovery at a milling rate of 8,000 tonnes per day supplying a conventional gravity/CIL circuit
  • Owner operated open pit mining and a potentially economic portion of the resource of 28 million tonnes grading 2.0 g/t Au (at 0.91 g/t Au cut-off)
  • Initial start-up capital is estimated at $303 million with sustaining capital estimated at $57 million (excluding VAT and import duties)
  • Total initial funding requirement is estimated at $345 million including start-up capital, VAT, import duties and certain first year equipment purchases
  • Forecast life of mine direct cash cost of $563 per ounce (excluding royalties)

Click here to read the full Endeavour Mining Corp. (TSX:EDV,ASX:EVR,OTCQX:EDVMF) press release.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Production/Mining
Gold Project Generators
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply