Endeavour Announces Board Change
GEORGE TOWN, March 11, 2019 (GLOBE NEWSWIRE) -- 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.