Endeavour Announces Q1 Gold Production of 124,000 Ounces

Endeavour Mining Corp. (TSX:EDV,ASX:EVR,OTCQX:EDVMF) announced that during the first quarter of 2015 it produced 124,000 ounces of gold. The company anticipates that all-in sustaining costs per ounce for the quarter should be near the mid-point of its guidance range of $930 to $980.

Neil Woodyer, CEO of Endeavour, commented:

We are still finalizing our costs for Q1 2015, but the current AISC/oz estimate for the group is near the middle of the $930 to $980 guidance range. Our best performance comes from the Agbaou Mine with mine-level AISC/oz estimated below $600 during Q1 2015, which compares to $621 during 2014. Our most important cost improvement is at the Tabakoto Mine with mine-level AISC/oz estimated at approximately $1,150 during Q1 2015, which compares to $1,335 during 2014. Overall, we are very pleased with the production of 124,000 ounces, the continued outstanding performance at Agbaou, and the downward AISC trend at Tabakoto as it moves toward its guidance range for the year.

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

Endeavour is a Canadian-based intermediate gold mining company producing 500,000 ounces per year from four mines in West Africa. Endeavour 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.