Endeavour Mining boosts production, cuts costs

VANCOUVER — Gold producer Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has to be happy with its results over the past year. The company succeeded in dropping its all-in sustaining cost profile, while simultaneously bringing a new project on line and hitting a gold production record.

Heading into 2015 Endeavour is looking to increase its free cash flow and knock down a relatively heavy debt burden that's the by-product of a fast paced, three-year acquisition and development cycle.

Over the past few years the company has carved out a niche for itself in West Africa. Endeavour produced just 80,000 oz of gold from a single operation back in 2010, which makes the 465,770 oz it produced in 2014 look all the more impressive. The result squarely beat an annual guidance range of between 400,000 oz and 440,000 oz, and represented a 44% year-on-year boost in production.

The company now operates four assets, …

Read the complete article at NorthernMiner.com/news/endeavour