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BRIEF-Endeavour Mining starts construction of Hounde Project, its next low-cost gold mine

Published 2016-04-11, 09:23 a/m
© Reuters.  BRIEF-Endeavour Mining starts construction of Hounde Project, its next low-cost gold mine
EDV
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April 11 (Reuters) - Endeavour Mining Corp EDV.TO
* Endeavour mining starts construction of its Hounde
Project, its next low-cost gold mine
* Hounde Project expected to increase group's production to
about 900,000 ounces per year
* Houndé Project is expected to deliver average production
of 190,000 ounces per year over a 10-year mine life
* Initial capital cost is estimated at $328 million,
inclusive of $47 million for owner-mining fleet
* Implemented a short-term gold revenue protection program
to secure and de-risk necessary cash flows for Hounde Project

Source text for Eikon: ID:nGNXVFDCJa
Further company coverage: EDV.TO

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