VANCOUVER, April 2, 2013 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces the appointment of Ian Henderson, former manager of the JP Morgan Natural Resources Fund who has more than 30 years of international natural resource investment experience, to Endeavour's Board of Directors effective April 1, 2013. The Board now consists of six directors, five of whom are independent.
Michael Beckett, Chairman, stated
"We are very pleased to welcome Ian Henderson to the Endeavour board. Ian brings extensive experience and knowledge from many years of international resource investment management. Ian's seasoned perspective will add to the depth of talent on Endeavour's board and we look forward to his future contributions."
Ian Henderson was Managing Director at JP Morgan Asset Management and managed JPMorgan's Natural Resources Funds for over twenty years until January 2012. Most recently he acted as a consultant to JP Morgan advising the Global Equities Team on Natural Resources equities. An employee since 1991, he was previously responsible for international portfolios and has extensive knowledge of the mining and oil and gas industries. Previously, Mr. Henderson spent nine years as director and chief investment officer at Wardley Investment Services International Limited. Prior to this, he served five years as an international portfolio manager involved in business development in London and New York for Morgan Grenfell & Co. Mr. Henderson began his career as an accountant with Peat Marwick Mitchell & Co. He holds an LLB in Scots Law and an MA in Philosophy and Politics from Edinburgh University. He is also an ACA and FCA.
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 that are generating significant operating cash flows to fund further expansion. Endeavour's gold production is forecast to be over 550,000 ounces per year in 2016, including the Tabakoto mill expansion in 2013, completion of construction of Agbaou Gold Mine in Côte d'Ivoire scheduled for Q1 2014 and a January 2013 PEA that shows potential for 160,000 ozs per year from the Houndé Project in Burkina Faso in 2016.
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
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.
Image with caption: "Endeavour Mining Appoints Ian Henderson, former manager of the JP Morgan Natural Resources Fund, to Board of Directors (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130402_C9711_PHOTO_EN_24998.jpg
SOURCE: Endeavour Mining Corporation
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