Endeavour Mining - Tipping point
Endeavour’s Q219 results were significantly ahead of not only the prior quarter, but also our expectations. In general, grades increased relative to Q1, owing to improved access to higher-grade material and a lower proportion of processed material being derived from low-grade stockpiles. As Endeavour enters H219, the improved gold price environment is coinciding with a sharp reduction in capex and continued improvements to operating conditions, which has caused us to upgrade our FY19 forecasts materially.Endeavour Mining is engaged in the acquisition, exploration and development of gold properties in West Africa.
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