Endeavour Announces Board Change
11 März 2019 - 2:42PM
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Endeavour Mining (TSX:EDV OTCQX: EDVMF) ("Endeavour") announces
that Ian Cockerill has stepped down from its Board of Directors to
be fully committed to his new position as Chairman of the Board of
Directors of Polymetal International plc.
Ian Cockerill, commented: "It has been a real
privilege being a member of the Endeavour Board since 2013 and
playing a role in the group's development. I'm very grateful to the
Chairman, Michael Beckett, for giving me this opportunity and I
would like to wish the group well with their exciting future."
Mr. Cockerill has been an independent
non-executive director of Endeavour since September 17, 2013, and
was a member of its Safety, Health & Environment Committee and
the chair of the Technical Committee. Jim Askew, an independent
non-executive director of Endeavour since July 20, 2017, will
replace Mr. Cockerill as chair of the Technical Committee.
Michael Beckett, Chairman of Endeavour,
commented: "I would like to thank Ian for his valuable contribution
to Endeavour over the past six years and wish him well for the
future. As chairman of the Technical Committee and a member of the
Safety, Health & Environment Committee, he has played a crucial
role in supporting the development of the company."
CONTACT INFORMATION
Martino De Ciccio VP - Strategy & Investor
Relations +44 203 011 2719 mdeciccio@endeavourmining.com |
Brunswick Group
LLP in London Carole Cable, Partner +44 7974 982 458
ccable@brunswickgroup.com |
ABOUT ENDEAVOUR MINING
CORPORATION
Endeavour Mining is a TSX listed intermediate
African gold producer with a solid track record of operational
excellence, project development and exploration in the highly
prospective Birimian greenstone belt in West Africa. Endeavour is
focused on offering both near-term and long-term growth
opportunities with its project pipeline and its exploration
strategy, while generating immediate cash flow from its
operations.
Endeavour operates 4 mines across Côte d'Ivoire
(Agbaou and Ity) and Burkina Faso (Houndé, Karma) which are
expected to produce 615-695koz in 2019 at an AISC of
$760-810/oz.
For more information, please visit
www.endeavourmining.com.
Corporate Office: 5 Young St,
Kensington, London W8 5EH, UK
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, including but not
limited to: risks related to the successful integration of
acquisitions; risks related to international operations; risks
related to general economic conditions and credit availability,
actual results of current exploration activities, unanticipated
reclamation expenses; changes in project parameters as plans
continue to be refined; fluctuations in prices of metals including
gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; delays in the completion of
development or construction activities, changes in national and
local government regulation of mining operations, tax rules and
regulations, and political and economic developments in countries
in which Endeavour operates. Although Endeavour has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such 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. AISC, all-in sustaining costs
at the mine level, cash costs, operating EBITDA, all-in sustaining
margin, free cash flow, net free cash flow, free cash flow per
share, net debt, and adjusted earnings are non-GAAP financial
performance measures with no standard meaning under IFRS, further
discussed in the section Non-GAAP Measures in the most recently
filed Management Discussion and Analysis.
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