gold
TSX-listed Endeavour Mining reports that construction at the Houndé gold project in Burkina Faso remains on-time and within budget.

“The momentum we injected into our business in 2016 has carried over into the first half of 2017 and is reflected in our results across our portfolio,” says Endeavour Mining president and CEO, Sébastien de Montessus, referencing Endeavour Mining’s financial and operating results for the quarter ended June 30, 2017.

“The Endeavour Mining team continues to make steady progress against the four strategic pillars we outlined last year and we are on track to meet the full year guidance.

[quote]“On the operational front, key priorities for Endeavour Mining include the continued focus on cost optimisation, efficient procurement and improved synergies across the organisation while continuing to operate to the highest safety standards,” he explains.

“On the development front, our Houndé project remains on-time and on-budget with first gold pour still on track for the fourth quarter of 2017.

“At Ity, we are finalising an optimisation study to take advantage of the increased resource base, which should support a material increase to the plant size,” continues de Montessus.

“Across the Endeavour Mining portfolio, we are also continuing to see the benefits of our reinvigorated exploration program which has begun to increase resources and confirmed new discoveries in support of our five-year strategic plan and targets,” adds de Montessus.

“Our focus on active portfolio management resulted in the acquisition of Avnel Mining, which added the Kalana gold project in Mali to our project development pipeline.

“Kalana is another high-quality project with exploration upside that fits our strategic portfolio criteria and strengthens our construction pipeline beyond the completion of the Houndé and Ity CIL projects,” outlines de Montessus.

“2017 is an important transition year for Endeavour Mining and we look forward to the remainder of the year as we advance projects and other strategic initiatives in pursuit of our longer term goal of becoming a leading African gold producer,” he concludes.

Feature image credit: Wikimedia