Endeavour Mining reports delivery of mills at Agbaou Gold Mine and achieves 75% physical completion


VANCOUVER, June 12, 2013 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX: EDV, ASX: EVR, OTCQX: EDVMF) announces that the ball and SAG mills have arrived at site for the Agbaou Gold Mine in Côte d'Ivoire. Construction continues on-schedule toward initial production in Q1 2014.

Agbaou Gold Mine Construction Highlights:

  • To date, approximately 77% of the US$160 million construction budget has been committed, with US$85 million spent and the project is approximately 75% physically complete
  • Ball mill and SAG mill shells and additional mill components have arrived on site; the mill installation contract has been awarded and the installation schedule finalized
  • Construction of the 15km power line is progressing well, with clearing completed and tower foundation installation underway. Tower installation commences in July, with the 91kV overhead powerline remaining on-track for key milestone dates
  • The North and South pits have been cleared in preparation for grade control drilling
  • The Tailings Storage Facility and 130-man camp have been completed
  • The water borehole drilling campaign is progressing well
  • Structural steel and building erection is well-advanced, including the mechanical workshop, laboratory, mine services workshop and reagents sheds
  • Ordering of spares and first fill reagents is ahead of schedule
  • Operations integration has commenced with the General Manager on-site and recruiting his operations team
  • Endeavour continues to focus on strengthening its in-country relationships. In May, Endeavour's CEO, Neil Woodyer met with Côte d'Ivoire President Ouattara and Mines Minister Toungara

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 which, together with cash and bullion balances, are funding further expansion. Endeavour's annual gold production is forecast to reach 450,000 ounces per year during 2014, including the Tabakoto mill expansion in 2013 and completion of construction of Agbaou Gold Mine in Côte d'Ivoire scheduled for Q1 2014. In addition, a January 2013 PEA shows potential for 160,000 ozs per year from the Houndé 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.

Image with caption: "SAG mill arriving on-site (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130612_C7571_PHOTO_EN_27934.jpg

Image with caption: "Mill platform (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130612_C7571_PHOTO_EN_27931.jpg

Image with caption: "Neil Woodyer, CEO of Endeavour meeting with Côte d'Ivoire's President Ouattara and Chantal de Varennes, Canadian Ambassador to Côte d'Ivoire in May 2013 (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130612_C7571_PHOTO_EN_27932.jpg

Image with caption: "CIL tanks and water services area (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130612_C7571_PHOTO_EN_27929.jpg

Image with caption: "North and South pit ready for grade control drilling (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130612_C7571_PHOTO_EN_27933.jpg

Image with caption: "Laboratory (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20130612_C7571_PHOTO_EN_27930.jpg

SOURCE: Endeavour Mining Corporation

For further information:

Marla Gale
Vice President - Investor Relations

+1 604 609 6117

UK/Europe: Bobby Morse Buchanan

+44 20 7466 5000

Endeavour Mining Corporation
Regatta Office Park
Windward 3, Suite 240, PO Box 1793
West Bay Road, Grand Cayman
KY1-1109, Cayman Islands

Tel: +1 345 769 7250
Fax: +1 345 769 7256


A Cayman Islands exempted company with limited liability.

ARBN 153 067 639

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