High end of guidance

  1. 49 Posts.
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    Not bad, eh. Happily holding.
    --QUOTE--
    VANCOUVER , Nov. 13, 2015 /CNW/ - Endeavour Mining Corporation ("Endeavour Mining") (EDV.TO) (EVR.AX) (EDVMF) announces Q3 2015 gold production of 124,893 ounces resulting in an all-in sustaining margin of $26.1 million .  Over the nine month period to September 30, 2015 , Endeavour Mining has produced 379,802 ounces at an AISC/oz of $917 resulting in an all-in sustaining margin of $98.2 million . Endeavour Mining's operations continue to perform well and are positioned to deliver at the high end of production guidance of 475,000 to 500,000 ounces with AISC/oz below our full-year $930 to $980 /oz guidance range.
    (All amounts in US dollars unless otherwise indicated)
    Q3 2015 Financial and Operating Highlights
    • Gold production of 124,893 ounces and sales of 123,002 ounces at a realized gold price of $1,121 per ounce
    • Cash cost per ounce sold of $710
    • Operating EBITDA of $36.3 million
    • AISC per ounce sold of $908
    • AISC margin of $26.1 million
    • Non-sustaining capital and exploration investments of $13 million
    • A $20 million advance principal payment was made in July 2015 to further reduce the drawn amount on the revolving credit facility to $260 million . Advance principal payments have totaled $40 million so far this year.
    • Ended Q3 2015 with $31.8 million in cash
    • The third quarter results do not include the contributions from Ity Gold Mine in Côte d'Ivoire, acquired via the La Mancha transaction subsequent to quarter end in November 2015 . At closing, Endeavour Mining will benefit from the cash flow generated from the Ity mine and will strengthen its balance sheet and funding position from the $63 million attributable cash amount to be received from the La Mancha transaction
 
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