August 06, 2013
Endeavour Mining Reports Delivery of Mining Equipment at Agbaou Gold Mine
Vancouver, August 6, 2013 - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces that construction of its Agbaou Gold Mine in C�te d'Ivoire remains on-track for initial production in Q1 2014, with significant advances in completing the milling circuit and the recent arrival of mining equipment.
Agbaou Gold Mine Construction Highlights:
- To date, approximately 83% of the US$160 million construction budget has been committed, with US$103 million spent and the project is approximately 81% physically complete
- Ball mill and SAG mill installation is progressing well and should be completed by mid-August. Gearboxes and SAG and Ball Mill motors have been installed
- All civil works in the processing plant and mine services areas have been completed
- Electrical infrastructure for the 15km 91kV overhead power line is on target; tower installation and sub-stations are advancing well
- The Cyclone Cluster, Gravity Concentrator, and Mill lubrication systems have all been installed
- All administration buildings have been completed along with the Reagents storage sheds, Heavy Vehicle and Maintenance Workshop sheds
- The remaining structural steel has arrived on-site and is being erected, including for the gold room and conveyors
- Mining equipment, including D9 bulldozers, has arrived on site, with additional deliveries expected shortly; preparations for mining commencement are in line with key milestone dates
Agbaou Gold Mine Pictorial Update - July/August 2013
About Endeavour Mining Corporation
Endeavour is a gold producer delivering growth. Endeavour owns three gold mines producing more than 300,000 ounces per year in Mali, Ghana and Burkina Faso. Endeavour's annual gold production is forecast to exceed 400,000 ounces per year during 2014, including the start-up of production at the Agbaou Gold Mine in Cote d'Ivoire scheduled for Q1 2014. In addition, a January 2013 PEA shows potential for 160,000 ounces per year from the Hound� Project in Burkina Faso, which is being assessed by a feasibility study during 2013.
Endeavour Mining Corporation is listed on the TSX (symbol EDV) and ASX (symbol EVR), and also trades on the OTCQX (symbol EDVMF).trades on the OTCQX (symbol EDVMF).
On behalf of Endeavour Mining Corporation
Neil Woodyer
Chief Executive Officer
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.
For additional information, contact:
Marla Gale
Vice President - Investor Relations
+1 604 609 6117
mgale@endeavourmining.com
UK/Europe: Bobby Morse
Buchanan
+44 20 7466 5000
bobbym@buchanan.uk.com
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