Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce its financial and operating results for the fourth quarter and full year 2017.
Sébastien de Montessus, President & CEO, stated:
“2017 was yet another strong year for Endeavour. We delivered against all key performance metrics, achieving record production of 663koz, up 12 percent over 2016, while continuing to successfully reduce our costs. Importantly, we were able to significantly increase our operating cash flow with the start-up of our flagship Houndé mine in the fourth quarter, which we commissioned ahead of schedule and under budget. We also continued to improve our portfolio quality with the sale of our non-core Nzema mine and the purchase of the Kalana project.
2018 will be a year in which we continue to build on our strengths and achievements, with the construction of our Ity CIL project progressing on track and on budget and an updated feasibility study planned for Kalana later this year.”