Endeavour Mining initiates mining at Agbaou and completes power line installation

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Endeavour Mining initiates mining at Agbaou and completes power line installation

Canada NewsWire


VANCOUVER, Oct. 15, 2013






VANCOUVER, Oct. 15, 2013 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation")
(TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces that mining has begun at its
Agbaou Gold Mine in C?te d'Ivoire. Construction continues on-plan for
initial production in Q1 2014, with recent progress in power line
installation, process plant infrastructure and recruitment.



Agbaou Gold Mine Construction Highlights:









  • The project is more than 90% physically complete and remains on budget




  • Power line tower construction and stringing of the 15 km 91KV line is
    complete. The high voltage transformer has been installed at Agbaou
    substation




  • Delivery of mining equipment has been ongoing, including two D9 dozers,
    seven of the 777 haul truck fleet, and both Liebherr 9350 excavators.
    Mining of the South Pit began earlier this week




  • ROM starter pad and Mine Services Area construction is complete




  • Process plant construction is 94% complete




  • Major reagents have arrived on-site. In addition, commissioning,
    operational and insurance spares are on-site.




  • Recruitment of staff and contract workers is progressing well and
    includes a focused effort towards hiring from local communities. All
    management positions have been secured




  • Recent community projects include construction of a local primary school
    and teachers' quarters (completed in August) and rehabilitation of the
    maternity health center and midwife housing.





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
approximately 150,000 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).



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.



SOURCE Endeavour Mining Corporation





Image with caption: "Clearing for Agbaou Process Plant, September 2012 (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32061.jpg



Image with caption: "Agbaou Gold Mine process plant aerial, October 2013 (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32062.jpg



Image with caption: "91KV transformer being lifted into place (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32063.jpg



Image with caption: "Process plant 91KV substation (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32064.jpg



Image with caption: "Crushing vault and conveyor (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32065.jpg



Image with caption: "Mining commences on South Pit (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32066.jpg



Image with caption: "CAT 777s on South Pit haul road (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32067.jpg



Image with caption: "New Agbaou Primary School (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20131015_C4015_PHOTO_EN_32068.jpg









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