Modern Mining April 2018

MINING News

up 12 % over 2016, while continuing to successfully reduce our costs. Importantly, we were able to significantly increase our operating cash flow with the start-up of our flagship Houndé mine in the fourth quarter, which we commissioned ahead of schedule and under budget. We also continued to improve our portfolio qual- ity with the sale of our non-core Nzema mine and the purchase of the Kalana project. “2018 will be a year in which we con- tinue to build on our strengths and achievements, with the construction of our Ity CIL project progressing on track and on budget and an updated feasibility study planned for Kalana later this year. Our aggressive exploration efforts will also continue as we aim to develop more greenfield projects to secure our longer- term growth pipeline. This year our focus on operational excellence and active port- folio management will continue, with a strategic decision regarding our Tabakoto mine to be made later in the year. “Overall, I am very pleased with our

CIL ring beams at the Ity CIL project (photo: Endeavour Mining).

year as we continue our transformation towards achieving our 2019 objective of annual gold production of above 800 koz at below US$800/oz AISC.” 

strong performance and would like to thank our entire team for their dedication, focus and excellent delivery, as well as the Board for their support. 2018 will be a key

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