Endeavour Mining

Endeavour, the Africa-focused gold miner, said it expects a better second-half performance as its two new projects ramp up and its mine at Hounde improves. Production in the three months to end March 2024 dropped 22% to 219,000 ounces compared to the same period a year, with gold sold down by a similar percentage at 225,000. » Mehr auf proactiveinvestors.co.uk

Endeavour's announcement that the Sabodala-Massawa BIOX expansion project achieved a first gold pour just two years after construction launch is an important strategic milestone, says broker Stifel. According to the broker, the mine accounts for roughly a third of NAV and refractory ore represents 41% of reserves, so delivery of the BIOX plant is an important strategic milestone. » Mehr auf proactiveinvestors.co.uk

(Kitco News) - Near-record-high gold prices are helping to attract new attention to the mining sector as companies start to report solid first-quarter earnings. In what could be fantastic timing, Endeavour Mining plc (LSE:EDV, TSX:EDV) announced the first pour from its Sabodala-Massawa BIOX® Expansion project.The company said that the first gold pour from the gravity circuit was completed on 18 April 2024 and yielded approximately 112 ounces of gold; meanwhile, the first gold pour from the BIOX® circuit was completed on 28 April 2024 and yielded approximately 612 ounces. » Mehr auf kitco.com