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Investegate |Endeavour Mining Corporation Announcements | Endeavour Mining Corporation: Endeavour Reports Positive PFS Results For Both Fetekro and Kalana, Confirming Strong Organic Growth Pipeline

Endeavour Reports Positive PFS Results For Both Fetekro and Kalana, Confirming Strong Organic Growth Pipeline
ENDEAVOUR REPORTS POSITIVE PFS RESULTS FOR BOTH FETEKRO AND KALANA, CONFIRMING STRONG ORGANIC GROWTH PIPELINE
HIGHLIGHTS:
Positive PFS results for both Fetekro and Kalana Projects confirm Endeavour’s high quality organic growth pipeline
Fetekro PFS shows potential for +200kozpa production at low AISC over long mine life:
10-year mine life based on current reserves of 2.1Moz
Average annual production of 209koz at AISC of $838/oz
Robust economics with after-tax NPV
5%
Kalana PFS shows potential for 150kozpa production at low AISC over long mine life:
11-year mine life based on current reserves of 1.8Moz ....

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Endeavour Reports Positive PFS Results For Both Fetekro and Kalana, Confirming Strong Organic Growth Pipeline

Endeavour Reports Positive PFS Results For Both Fetekro and Kalana, Confirming Strong Organic Growth Pipeline
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Endeavour Increases its Stake in the Fetekro Project; Pre-Feasibility Study On Track for Q1-2021

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PRE-FEASIBILITY STUDY ON TRACK FOR Q1-2021
Increased stake from 65% to 80% · PFS to be based on 3Mtpa · Mining permit process well underway
Abidjan, December 21, 2020 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce that it has increased its stake in the Fetekro Project in Côte d Ivoire, ahead of a Pre-Feasibility Study ( PFS ) which is due to be published in Q1-2021.
Under the terms of the agreement, once the mining permit is granted, Endeavour will be entitled to an 80% stake in the Fetekro Project, compared to 65% currently, while SODEMI (the state-owned mining company) and the Government of Côte d Ivoire will each have a 10% stake. Endeavour will retain the full ownership of the Fetekro exploration license until such time as it is converted into a mining license. ....

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Market movers: Stocks seeing action on Monday - and why

Market movers: Stocks seeing action on Monday - and why
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