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BRIEF-Endeavour Mining Reports Qtrly Revenue $270 Mln

Published 2020-05-13, 08:09 a/m
© Reuters.

May 13 (Reuters) - Endeavour Mining Corp EDV.TO :

* ENDEAVOUR REPORTS RECORD OPERATING CASH FLOW IN Q1-2020

* Q1 ADJUSTED EARNINGS PER SHARE $0.30

* Q1 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA

* Q1-2020 PRODUCTION OF 172KOZ AT AN AISC OF $899/OZ

* NET DEBT WAS REDUCED BY $55 MILLION IN Q1-2020 TO $473 MILLION

* WELL POSITIONED TO MEET FY 2020 GUIDANCE

* CASH RESERVES OF $357 MILLION AT QUARTER-END

* ARE WELL ADVANCED IN PLANNING TO INTEGRATE OPERATIONS WITH SEMAFO

* FY 2020 PRODUCTION GUIDANCE OF 680-740KOZ AND AISC OF $845-895/OZ

* QTRLY REVENUE $270 MILLION VERSUS $151 MILLION

* TO DATE, OPERATIONS HAVE NOT BEEN SIGNIFICANTLY IMPACTED BY COVID-19

* IN FEW INSTANCES WHERE CO HAD POSITIVE CASES, THOSE INDIVIDUALS ARE FULLY RECOVERED AND HAVE RETURNED TO WORK

* ITY IS ON TRACK TO MEET FULL YEAR GUIDANCE OF BETWEEN 235-255KOZ IN 2020 AT AN AISC OF $630-675/OZ

* ENDEAVOUR MINING - PLANT FEED IS EXPECTED TO CONTINUE TO BE SOURCED PRIMARILY FROM BAKATOUO AND DAAPLEU PITS

* KARMA IS ON TRACK TO MEET 2020 GUIDANCE AND PRODUCE 100-110KOZ IN 2020 AT AN AISC OF $980 - $1,050/OZ

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