Toronto-listed gold miner Endeavour Mining on Tuesday reported lower-than-guided all-in sustaining costs (AISC) and higher production, as it benefitted from the first full-year of production at the low-cost Hounde mine, in Burkina Faso.
Full-year production from continuing operations increased by 52% to 612 000 oz, beating the top-end of the West Africa-focused miner’s guidance of 550 000 oz to 590 000 oz, while AISC decreased by $25/oz from the prior year to $744/oz – well below the guided range of $760/oz to $810/oz.