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Endeavour Mining Corp. (TSX:EDV,ASX:EVR,OTCQX:EDVMF) announced that it has received the final mining permit necessary to operate its Burkina Faso-based Hounde gold project.
Endeavour Mining Corp. (TSX:EDV,ASX:EVR,OTCQX:EDVMF) announced that it has received the final mining permit necessary to operate its Burkina Faso-based Hounde gold project.
As quoted in the press release:
The mining permit was previously approved by the Council of Ministers and has now been signed as a mining decree by the President of Burkina Faso, and other governmental authorities.
The decree grants Houndé Gold Operation SA (the Burkina Faso operating subsidiary of Endeavour) an industrial mining permit for development and operation of the Houndé Gold Project.
The mining permit is valid for 20 years from February 5, 2015 and can be renewed for additional periods of 5 years. The project is expected to benefit from the fiscal and other provisions of the current Mining Code (2003).
Neil Woodyer, CEO of Endeavour Mining, commented:
We are very pleased to receive the mining permit for the Houndé gold project. We have been reviewing the results of the 2014 Houndé exploration program and are undertaking an update on the project economics and anticipate updating the market on those results shortly. We look forward to the opportunity to add another mine to our portfolio in a country where we have had much success operating the Youga Mine.
Click here to read the full Endeavour Mining Corp. (TSX:EDV,ASX:EVR,OTCQX:EDVMF) press release.