Endeavour increases 2016 production guidance

TSX-listed Endeavour Mining has increased its full-year production guidance for the 2016 financial year, following the company’s March acquisition of True Gold’s 90% interest in the Burkina Faso-based Karma mine, which is in its ramp-up phase. The group on Friday said that it expected higher output during the second half of the year and would meet the raised production guidance of 575 000 oz to 610 000 oz for the full year.