EDVMF - Endeavour Challenges Overshadow Ambitious Plans For 2024 | Benzinga
Endeavour Mining (OTC:EDVMF) announced the 2023 results, beating its guidance and producing 1.1 million ounces at all-in-sustaining costs of $964 per ounce, resulting in $266 million in shareholder returns.
"2023 was another successful year for Endeavour, during which we continued to focus on improving the quality of our portfolio through asset optimization initiatives, the divestment of non-core Boungou and Wahgnion mines, construction of our two high-margin, long-life growth projects, and continuing to deliver significant exploration success," CEO Ian Cockerill said.
The firm expects the Sabodala-Massawa mine in Senegal to commence production in Q2 2024, contributing up to 400,000 ounces in its first full year at costs under $850 per ounce.
Management also moved its Lafigue mine in Ivory Coast ...