PARIS, Jan. 11, 2016 /CNW/ - Endeavour Mining Corporation ("Endeavour Mining") (TSX:EDV) (OTCQX:EDVMF) confirms it has been removed from the official list of the Australian Securities Exchange ("ASX"), at the request of the company, at the close of trading today. Endeavour Mining will continue to be listed on the Toronto Stock Exchange ("TSX") under the symbol EDV and quoted in the United States on the OTCQX under the symbol EDVMF.
Endeavour Mining also announces it is transferring its Investor Relations and Administrative office from Vancouver to Paris. Effective today, Vincent Benoit Executive Vice President — Strategy & Business Development has an expanded role including investor relations and corporate communications.
Neil Woodyer, CEO, stated
"We are starting 2016 with a continued focus on corporate efficiency. Today we are completing the ASX delisting process. This reduces our administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to our TSX listing.
We are also relocating our Investor Relations and Administrative office from Vancouver to Paris. Vincent Benoit, who joined Endeavour Mining in November 2015 following the transaction with La Mancha, has assumed the role of heading up our investor relations program from Paris. Vincent has over 25 years of Corporate Finance and Investor Relations experience and is a registered Chartered Accountant.
I would like to thank Doug Reddy, who has been with Endeavour since 2006, for his contributions to the Company, most recently in his role leading and expanding our investor relations program."
About Endeavour Mining Corporation
Endeavour Mining is a TSX-listed intermediate gold mining company producing 580,000 ounces per year from five mines in West Africa. Endeavour Mining is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.
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 Mining'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 Mining operates. Although Endeavour Mining 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 Mining's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour Mining and its business.
SOURCE Endeavour Mining Corporation
For further information: Endeavour Mining Corporation: Vincent Benoit, EVP - Strategy & Business Development, +33 (0)1 70 38 36 96, [email protected]; Martino De Ciccio, VP - Strategy & Investor Relations, +33 (0)1 70 38 36 95, [email protected]; Brunswick Group LLP: Carole Cable, Partner, +44 7974 982 458, [email protected]