George Town, Grand Cayman, United Kingdom, May 31, 2016 (GLOBE NEWSWIRE) — Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) announces that it will hold its Annual General Meeting of Shareholders on Tuesday, June 28, 2016. The Notice of Meeting and Management Information Circular relating to the meeting have been mailed to shareholders and have been filed under the Company’s profile at www.sedar.com.
Mr. Neil Woodyer has decided not to seek a nomination to the Board, and as a result, will cease his role as director at the completion of the Meeting. The Board of Directors wishes to thank Mr. Woodyer for his significant contribution to the Company over his 6-year tenure. As the founder of Endeavour, he has grown the company into an intermediate gold producer with five operating mines.
The other individuals nominated for election as directors are currently members of the Board. Mr. Michael E. Beckett will continue in his role as Chairman and Non-Executive Director.
Shareholders as of the record date of May 24, 2016, will be eligible to vote at the AGM. Registered Endeavour Shareholders are encouraged to vote by proxy, which must be received by Computershare by 4:00 a.m. (EST) on June 24, 2016.
If you have any questions or require assistance in voting, please contact our proxy solicitation agent, D.F. King, at 1-800-926-7043 toll free in North America, or call collect outside North America at 1-201-806-7301 or by email at firstname.lastname@example.org.
About Endeavour Mining Corporation
Endeavour Mining is a TSX-listed intermediate gold producer, focused on developing a portfolio of high quality mines in the prolific West-African region, where it has established a solid operational and construction track record.
Endeavour is ideally positioned as the major pure West-African multi-operation gold mining company, operating 5 mines in Côte d’Ivoire (Agbaou, Ity), Burkina Faso (Karma), Mali (Tabakoto), and Ghana (Nzema). In 2016, it expects to produce between 535koz and 560koz at an AISC of US$870 to US$920/oz, excluding Karma which is expected to enter commercial production in June. Endeavour is currently building its Houndé project in Burkina Faso, which is expected to commence production in Q4-2017 and become its flagship low-cost mine with an average annual production of 190koz at an AISC of US$709/oz over a 10-year mine life based on reserves. The development of the Houndé project is expected to lift Endeavour’s group production +900kozpa and decrease its average AISC to circa $800/oz by 2018, while exploration aims to extend all mine lives to +10 years.
EVP – Strategy & Business Development
Martino De Ciccio
VP – Strategy & Investor Relations
DFH Public Affairs in Toronto
Brunswick Group LLP in London
Carole Cable, Partner
Endeavour Mining | Executive Office | Bureau 76, 7 Boulevard des Moulins, Monaco 98000
This news release contains “forward-looking statements” including but not limited to, statements with respect to Endeavour’s plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “expected”, “budgeted”, “forecasts”, and “anticipates”. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour’s most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business.
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