Endeavour Mining Receives Final Mine Permit For Houndé

(Kitco News) - Endeavour Mining Corp. (TSX:EDV)(ASX:EVR) received its final mining permit for its Burkina Faso-based Houndé gold project. The permit gives Endeavour the right to develop and operate Houndé over the next 20 years, as well as renewal for an additional five years.

“We have been reviewing the results of the 2014 Houndé exploration program and are undertaking an update on the project economics and anticipate updating the market on those results shortly,” says Neil Woodyer, chief executive officer of Endeavour.

“We look forward to the opportunity to add another mine to our portfolio in a country where we have had much success operating the Youga Mine."

According to the company’s website, a feasibility study on Houndé from late 2013 shows an average gold production of 180,000 ounces over an eight year period.

Proven and probable reserves stand at 1.55 million ounces of gold.

Courtesy: Kitco News