Endeavour Mining Corporation Reports Drilling Results from Several Areas at Agbaou Gold Mine located in Côte d'Ivoire
Aug 13 15
Endeavour Mining Corporation reported drilling results from several areas at Agbaou Gold Mine located in Côte d'Ivoire. The drilling program confirmed extensions of mineralization in the West pit area and has delineated the higher grade zones at Beta and Gamma. Of the 220 holes totaling 22,004 metres completed in this program, 78% intersected mineralization. The results demonstrate continuity of grades and widths and have confirmed the interpretation of the Omega and Sigma mineralized zones as extensions of the mineralization along the same structures that host the West pit mineralization. Oxidation extends to between 40 and 60 metres depth throughout much of the area. The Beta and Gamma zones were previously identified in its 2014 exploration program. The Beta zone (previously referred to as the P2 target) extends southwest of the North pit and drilling highlights include 8.3 metres at 16.47 g/t gold (including 2.1 metres at 42.43 g/t gold), 13.1 metres at 3.95 g/t gold (including 3.6 metres at 10.63 g/t gold), 26.7 metres at 3.68 g/t gold (including 5.3 metres at 10.9 g/t gold) and 16.9 metres at 2.40 g/t gold (including 2.7 metres at 8.49 g/t gold). The Gamma zone (previously referred to as the P4 target) is a result of follow up drilling of widely spaced holes completed in 2014 on a sub-parallel mineralized trend. The Gamma zone is approximately 600 metres long, moderately to steeply dipping southeast. Intersections include 9.4 metres at 12.15 g/t gold (including 4.3 metres at 20.03 g/t gold) and 11.9 meters at 3.18 g/t gold (including 0.9 meters at 12.14 g/t gold). The mineralization is still open to the southwest and the strike extent will be further tested during the next phase of drilling. Drilling results in the Sigma zone included 10.2 metres at 3.52 g/t gold (including 0.9 metres at 15.71 g/t gold) and the best intersection at the Omega zone was 13.3 metres at 2.83 g/t gold (including 1.7 metres at 8.29 g/t gold). The drill program included 198 RC holes for 19,750 meters and 22 diamond drill holes for 2,254 meters. This additional data will be incorporated into year-end mineral resource and reserve estimates. A follow-up drill program has commenced and includes a total of 21,800 meters of RC and diamond drill holes. The program includes infill drilling, further exploration of the Gamma and Sigma zones as well as testing geophysical targets southwest of Sigma and also in the Agbaou South area. Agbaou South is 3 km southwest of the South Pit and is on a separate north east-trending geophysical anomaly and strong geochemical anomaly.
Endeavour Mining Corporation Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 30 15
Endeavour Mining Corporation reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $154,629,000 compared with $153,398,000 for the same period last year. Earnings from operations were $34,832,000 compared with $153,398,000 for the same period last year. Earnings from operations were $34,832,000 compared with $17,408,000 for the same period last year. Earnings before taxes were $26,877,000 compared with $4,553,000 for the same period last year. Earnings attributable to shareholders of Endeavour Mining Corporation was $26,677,000 or $0.06 diluted per share compared with $40,000 for the same period last year. Adjusted net earnings after tax to Shareholders was $22.3 million or $0.05 basic per share.
For the six months, the company reported revenue of $306,694,000 compared with $290,609,000 for the same period last year. Earnings from operations were $154,629,000 compared with $153,398,000 for the same period last year. Earnings from operations were $60,145,000 compared with $34,940,000 for the same period last year. Earnings before taxes $47,166,000 compared with $7,195,000 for the same period last year. Earnings attributable to shareholders of Endeavour Mining Corporation was $39,392,000 or $0.10 diluted per share compared with $5,065,000 or $0.10 diluted per share for the same period last year.
Endeavour Mining Corporation to Report Q2, 2015 Results on Jul 30, 2015
Jul 23 15
Endeavour Mining Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 30, 2015