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Endeavour expects production to rise, costs to fall in 2017

Creamer Media Contributing Editor Online
West-African gold miner Endeavour Mining produced a record 583 712 oz of gold in 2016, at a low all-in sustaining cost (AISC) of around $895/oz, achieving both its ambitious production guidance of 575 000 oz to 610 000 oz and its AISC guidance of $870/oz to $920/oz for the year. This was bolstered by record fourth-quarter production of 175 000 oz, up 20% over the previous quarter.

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