For example, through the first nine months of 2020, silver made up around 25% of Coeur's sales. Production decreased from the comparative period in 2019 as a result of processing only stockpiles in H1-2020. Q2-2020 includes accelerated waste capitalization for the new Colline Sud pit as well as the TSF raise which was completed within the same period. We have not got any assays at this point, but we expect to continue drilling until Christmas. Once again, if you have a question, please press star then one. We help bring culture-defining content to life within our own portfolio, as well as for hundreds of our client creators, brands, sports federations and … 12/21: VANGOLD MINING: to Acquire El Cubo Mine and Mill from Endeavour Silver Corp: AQ. Several key personnel changes were made at Boungou, including the appointment of a West African General Manager, to accelerate the integration process into Endeavour’s operating model. Endeavor Business Media delivers high-quality content in various B2B media markets. I mentioned already our balance sheet cash was up 47% to just shy of $45 million, and working cap is up in the $54 million range up 21% year-on- year. Please go ahead. Endeavour has now commenced repaying the RCF and expects to continue to reduce the drawn amount during Q3-2020 and Q4-2020. Moving to the operations, Guanacevi continued to outperform with both silver and gold grades well above plan. Has there been meaningful changes? For a discussion regarding the company’s use of Non-GAAP Measures, please see "note regarding certain measures of performance" in the MD&A. Mana is expected to achieve its full year guidance, as published by SEMAFO, and produce between 185,000 to 205,000 ounces in 2020 at an AISC of between $1,050 - $1,120 per ounce. The Net Debt / Adjusted EBITDA ratio for Endeavour improved slightly over the quarter, decreasing from 1.06 times to 1.00 times mainly due to a slightly higher LTM adjusted EBITDA. As shown in the table below, the Pro Forma FY-2020 exploration spend is expected to amount to $45-50 million, inclusive of the SEMAFO assets. Sorry, just add one thing Heiko is, we have doctors at all our operations, and we've increased the number of doctors just to help out with the screening and evaluation of people. Production increased as the Ity CIL plant operated for the full six month period in H1-2020 compared to half the period in H1-2019 as the plant had its first gold pour in March 2019 with commercial production declared on April 8th 2019. We'll now begin the question-and-answer session. Then the season will pretty much close down because we're up at about 5,000 metres. Increased mainly due to a $7 million increase in VAT receivables at Houndé and a $5 million short-term loan to the BCM Group. Production in the quarter was just shy of a million ounces of silver and 10,000 ounces of gold for. The current pre-feasible construction schedule, once we break ground is, I believe, 18 months to start up commercial production. Facebook. The table below presents the cash flow for Endeavour for the three and six month periods ending June 30, based on the All-In Margin approach, with accompanying notes below. Please go ahead. Heiko, Dan Dickson here. By. 2La Mancha $100 million investment occurred as subsequent event on July 3, 2020. 2Endeavour believes that operating and financial figures for SEMAFO are representative of the period ended June 30, 2020 as the Transaction closed on July 1, 2020. Are people adhering to the safety precautions properly? Toyota Fortuner vs Ford Endeavour (Sales Report): Endeavour and Fortuner are the two most practical options that buyers can have around INR 32 lakh (with 10% up/down value for different variants).Not just that, both the cars have received considerable upgrades and … In addition, less low grade stockpiles were used to supplement mill feed given the increased mining activity. These operations are already benefiting from our strong local presence and regional expertise and we look forward to realizing synergies. Sustaining capital costs increased from $0.6 million to $2.0 million due to increased capitalized waste at the Kao North pit. This is Godfrey. Despite the COVID-19 pandemic, Agbaou continued to operate at near-normal levels under the Level 1 Response Environment, as describe in COVID-19 Section above, with no material changes to its mine plan required. Our cash costs and all-in sustaining costs were significantly lower year-on-year, and this improved our operating performance combined with the higher precious metal prices, generated a significant return to profitability again for the first time in six quarters. The Prize Home is open for inspection 10am-5pm daily from 26 November 2020 until 18 February 2021. We've always, historically, balanced our capital spending from our cash flow modeled each year. Pro forma information has not been adjusted and is comprised of the simple sum of information provided for each of Endeavour and SEMAFO. Pinterest. As a result, throughput was only 911 tonnes per day in the quarter with a 1,200 tonne plant that implies that, as we bounce back here exiting the rain season in Q4, there's actually more production at lower costs in our future at Guanacevi. The sustaining capital expenditure for H1-2020 increased compared to the corresponding period of 2019 mainly due to the scheduled waste capitalization at Houndé and the commissioning of the Ity CIL project, as shown in the table below. Pinterest. AISC increased as expected due to higher sustaining waste capitalization, higher royalty costs and a shift to mining and processing a higher proportion of harder fresh ore. With the recent receipt of the Kari Pump mining permit, Houndé is expected to achieve the top end of its full year 2020 production guidance range of 230,000 - 250,000 ounces and the bottom end of its AISC guidance range of $865—$895 per ounce. AISC increased as guided due to mining at deeper elevations and increased sustaining capital related to the component change-out associated with heavy mining equipment. I mean, with higher prices, is there some, let's call it, mineralized material that was outside the resource that might come in, or if you've been able to get any further in talks for neighbouring projects? We just, as you know, awarded the feasibility study work to win consultants and there's starting out. Company VAT Number: GB344692676 The conference call and webcast are scheduled at:5:30am in Vancouver8:30am in Toronto and New York1:30pm in London8:30pm in Hong Kong and Perth, The webcast can be accessed through the following link: What's happening in, we've made significant profits in Bolanitos this year, but we've been offsetting those profits against previous year's losses. Obviously, higher metal prices, both for gold and silver. Endeavour is also maintaining SEMAFO's production and AISC guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group production to amount to 995—1,095koz in 2020 … This was mainly attributable to the negative non-cash working capital variance of $28 million compared to the positive $9 million variance in Q1-2020 (details in note 8 above), coupled with  a $17 million decrease in revenue as a result of 25koz fewer gold sold, a $17 million outflow related to gold collar fees and settlements, and an $12 million increase in taxes paid. Yes, Craig. Endeavour will pay 0.470 of its own shares for each Teranga share, a 5.1% premium based on Friday's closing prices - valuing Teranga, whose shares are up 97% this year, at 2.6 billion Canadian dollars ($1.99 billion). Well, the good news is that at these low prices, we are getting a lot of inbound inquiries about a sale. Adjusted Net Earnings is a Non-GAAP measure. All news about ENDEAVOUR SILVER CORP. 09:29a: VANGOLD MINING: to Acquire El Cubo Mine and Mill from Endeavour Silver Corp: AQ. So, in terms of allocating some of our free cash flow, there's two projects. Gold sales decreased by 25Koz in Q2-2020 compared to Q1-2020 as a result of lower production at the Ity, Karma and Agbaou mines. Yes. Increase is mainly due to the increase in VAT receivable at Houndé and an increase in the receivable from BCM. 3Pro Forma and SEMAFO figures are non-GAAP. Tonnes of ore mined from the underground operation decreased due to a temporary halt of the underground mining activities as a result of the COVID-19 precautions. Toyota Fortuner, Ford Endeavour, Mahindra Alturas Feb 2020 Sales Comparison. WhatsApp. Canada Endeavour Consulting offices in Toronto, Halifax, London, Edmonton and Montreal Quebec. We're just getting into the drilling now. When Endeavour is called to investigate what at first appears to be a freak accident at Lady Matilda's College, he uncovers a potential link between a series of peculiar incidents across Oxford. A range of community programs were implemented during the quarter including micro-credit programs, which help to support people in host communities whose livelihoods have been impacted by the pandemic, and e-learning programs in Burkina Faso to facilitate access to distance learning for students. Good morning, good afternoon. Endeavour Global is the sales and marketing agency of choice for national and international clients. Then thinking about next year, I know it's a little early to provide guidance probably, but from a modeling standpoint, should we be thinking about the Guanacevi and Bolanitos returning to normal operating rates near their plan capacity? As an alternative, you can use the order forms that are available from the bottom of this page The year-end sales campaign is on from tomorrow till December 6, 2020. In addition, the Group has also taken a number of proactive steps, including: Assessing the supply chain with a focus on ensuring continuity of supply in a range of scenarios. Processing unit cost increased from $34.40 to $39.31 per tonne mainly due to higher rehandling costs. The table below summarizes operating, investing, and financing activities, main balance sheet items and the resulting impact on the company’s Net Debt position, with notes provide below. Accordingly, they are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The estimates for the next quarter sales put growth at 22.9%. By. Recovery rates reduced, as expected, due to greater quantities of transitional and fresh ore processed from Daapleu with associated lower recoveries. Customers booking a Ford car during this campaign stand to get assured gifts from smartphones, LED TVs and gold coins. Figures presented and disclosed relating to SEMAFO operations represent classifications and calculations performed using consistent historical SEMAFO methodologies. An exploration program of up to $2.0 million has been planned for 2020 with the aim of continuing to test targets located along extensions of known deposits and on parallel trends. Following the outbreak of COVID-19 pandemic, Boungou continued to process stockpiles with minimal impact. Recovery rates increased slightly based on the ore blend characteristics. We carried it in inventory, and the cost of that inventory is about $6 million (phonetic 03:55) but the mark-to-market of that inventory at the end of September was in the order of $15 million. It's pretty intense. FY-2020 growth capital spend is expected to amount to approximately $12 million, a slight increase of $2 million from the initial FY-2020 guidance of $10 million, mainly due to studies in progress on Kalana and Fetekro. I was very impressed with how far we're being. Tonnes milled reduced slightly, however continued to perform well above nameplate, as the ore blend continued to be mainly fresh. uncountable (effort) effort nm nom masculin: s'utilise avec les articles "le", "l'" (devant une voyelle ou un h muet), "un". This concludes today's conference call. Follow us on 18 th Feb 2020 3:45 pm. As initially guided, the proportion of fresh ore is expected to remain high for the remainder of the year as the pits become deeper whilst processed grades and recovery rates are expected to remain stable. Taxes paid in H1-2020 decreased slightly compared to the previous year, despite significantly higher revenues, mainly due to a decrease of taxes paid at Houndé (due to installment payments being made). As guided, production decreased due to lower grades which were slightly offset by higher plant throughput. 29.99 - 35.10 Lakh *.It is available in 4 variants, a 1996 cc, BS6 and a single Automatic transmission. We pay a $12 processing fee per tonne on that material, and then we also pay a royalty cost on that material. We're going to mine the veins, are the cutoff grades can drop a bit, but we're mining such high grade at both operational assets that certainly, at Guanacevi that had zero impact. Thank you for participating, and have a pleasant day. For a discussion regarding the company’s use of Non-GAAP Measures, please see "Note Regarding Certain Measures of Performance" in the MD&A. At number two is Ford Endeavour with 647 units sold in November. 1 As a result, our cash and working capital positions also increased substantially during the third quarter. Yes, Lucas, thanks for the question. Reimbursement of this facility has commenced and will continue during Q3-2020 and Q4-2020. Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk. In addition, pre-stripping commenced at the Colline Sud Pit, following a change in the mine plan to provide greater operational flexibility. To join the question queue, you may press star, then one on your telephone keypad. We hope it's going to come down in Q4. Some of the indicators used by Endeavour in this press release represent non-IFRS financial measures. Open pit ore mined was sourced from both the Siou and Wona pits, while towards the end of the quarter stripping activities commenced in the northern part of Wona pit. The tables below summarize the Q2-2020 and H1-2020 working capital movements. The combined group is now a top 15 global gold producer, with significant optionality within its portfolio and a healthy balance sheet with a leverage ratio of below 0.5 times. 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. In addition, host governments in Cote d’Ivoire, Burkina Faso and Mali have taken strict and pro-active measures to minimize overall exposure in their countries. Mining open pit unit costs decreased from $4.79 to $4.46 per tonne in part due to a lower fuel price. Ford today commenced its Midnight Surprise sales campaign for the customers across India. The FY-2020 non-sustaining mine capital expenditure was mainly H1-2020 weighted, with only 35% of the remaining capital spend to be incurred in the second half of the year. AISC increased due to higher underground mining costs, higher processing unit costs and lower gold sales, partially offset by lower sustaining capital spend. As such, Karma successfully transitioned from owner mining to contract mining on June 8, 2020. For instance, Paloma, we. It hit 366 units in June 2020 compared to 716 years last … Or should we be thinking about a certain percentage of plant capacity for the next 12 months? Endeavour Sales Point. Thank you very much. In addition to disclosing results determined in accordance with GAAP, EDV may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. The increases are at Ity where the aim is to commence the infrastructure work for the Le Plaque high grade deposit which was originally planned for 2021, and at Karma due to the capital already incurred in H1-2020. Net Debt for Endeavour amounted to $473 million at the end of H1-2020, a decrease of $187 million compared to the corresponding period in 2019. The Company’s cloud-based strategy ensured that employees could access all the relevant applications, systems and collaboration tools that they needed to perform their duties. Ford Endeavour current engine specifications include a highly powerful 3.2 L diesel engine, which generates a max power of 197 bhp @ 3000 rpm and a max torque of 470 nm @ 1750-2500 rpm while the 2.2 L TDCI diesel engine generates a max power of 158 bhp @ 3200 rpm and a maximum torque of 385 nm @ 1650-2500 rpm. The reason why I'm cautious about talking about operating at full capacity is simply rain seasons are a bit unpredictable, and COVID is still out there, but yes, it will be in our plan to operate close to capacity. Higher grade material is planned to be processed in the second half of the year with mill feed from Vindaloo Main and Central supplemented by Kari Pump, which will be ramped up in Q4-2020. RRP is $71,490. It's a big area to drill, but like Godfrey said, we're seeing all of the things that we want to see in the quarter. Level 3 involves the full or partial suspension of mining and processing operations. 12515542. We are very pleased with the progress made to integrate the SEMAFO assets within our well-established West African operating model, which is now largely complete. Alright so the Endeavour Sport, it continues to get the 2.0-litre turbocharged diesel engine and this is the same engine which was introduced in the car earlier in the year, in Feb 2020. As guided, a higher proportion of ore mined was sourced from the lower grade GG1 pit. We have also maintained our exploration activities, with 85% of our FY-2020 budget already spent in the first half of the year, ahead of the rainy season. 12/21: ENDEAVOUR SILVER: VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver .. MT. Should you need assistance during the conference call, you may signal an Operator by pressing star, and zero. As guided, production increased due to the higher throughput rate and grade stacked. Increase of $8 million of GIC at Karma and Agbaou which was slightly offset by a decrease in  inventory supplies. Using this website is considered consent. Yes. November 2020 - Endeavour for CRM is a Top 2020 Microsoft CRM Consulting firm with a focus on Microsoft Dynamics 365 and Dynamics CRM for Sales, Customer Service and Member Management. 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. A mining contact was awarded to SFTP Mining BF S.A.R.L (“SFTP”), a local contractor, in late Q2-2020. If we hit this throughput tonnage, we should be around that if not a little bit lower, if we can get to 1,200 tonnes per day. Endeavour Silver Agrees to Sell El Cubo Mine in Guanajuato, Mexico to VanGold.. Endeavour Silver Up 5% Premarket as Bolanitos Exploration Drilling Shows High.. Endeavour Silver Drilling Intersects High-Grade Gold-Silver Mineralization at.. Should we expect further improvements for the Company there? An updated Lafigué deposit resource estimate is planned to be published in Q3-2020. Adjusted Net Earnings amounted to $53 million in Q2-2020 (or $0.48 per share), an increase of $19 million compared to Q1-2020 due to the benefit of a strong gold price and lower depreciation. Stripping campaign commenced at the Ity mine which was slightly impacted Endeavour by campaigners tonnes ore! Anywhere in the above sections the strong waste capitalization activity was delayed to later in receivable... Ratio as scheduled waste capitalization for the company ’ s performance was than. However expected to increase in the table below were on plan yet, it. A great place to purchase a property quarter was slightly impacted over Q1-2020 a!, London, Edmonton and Montreal Quebec recognized a loss of $ million. 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