“I would like to thank Benoit for his significant efforts to build SEMAFO over the last decade and his help over the recent months in completing the transaction and the integration. 12515542. 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. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. Please go ahead. ENDEAVOUR REPORTS STRONG Q3-2020 RESULTS AND DECLARES FIRST DIVIDEND Record cash flow per share l Net debt reduced by $298m to $175m l First dividend declared at attractive yield HIGHLIGHTS Q3-2020 production increased by 64% over Q2-2020 to 244koz while AISC decreased by $33/oz to $906/oz Production expected to continue to increase in Q4-2020 due to Boungou restart and ramp-up … I would now like to turn the conference over to Galena Meleger, Director, Investor Relations. Obviously, with a rising cash balance, and we've really only had one quarter of that, it gives us a lot more flexibility in what to do. We use cookies to collect data such as IP addresses, cookie identifiers and website activity, and may, from time to time, use the data for advertising purposes. The amount for H1-2020 of $4 million relates mainly to the Kalana project. In 2018, Endeavour issued a $330 million convertible note, maturing in February 2023. Endeavour is maintaining SEMAFO's non-sustaining capital expenditure guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group amount to stand at $60 million. In results released on Wednesday (29th April) sales rose 6.1 per cent to $740 million from $697 million last year in the liquor segment. Studies are underway with the aim of publishing a Preliminary Economic Assessment (“PEA”) on Fetekro and a Preliminary Feasibility Study (“PFS”) on Kalana during H2-2020. To withdraw your question, please press star, and then two. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. TV Schedule. Got it. Or should we be thinking about a certain percentage of plant capacity for the next 12 months? We took a one-year break from drilling Parral, which is intended to follow Terronera in our development pipeline, but I think it's safe to assume that there will be aggressive drilling programs on both Terronera and Parral next year. Endeavour’s shift to national suppliers located within host countries over the past 12 months has mitigated the impact of closed borders. Unsurprisingly, Ford India’s Endeavour follows its arch-rival at almost half the number of sales. An updated resource estimate, incorporating 554,000 additional Indicated ounces for the entire Kari area, was published in early Q3-2020. 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? 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. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. 1, Table 33: Mine Capital Sustaining Expenditure Guidance, Table 34: Mine Capital Non-Sustaining Expenditure Guidance. 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. The All-In Sustaining Margin for H1-2020 increased compared to the corresponding period of 2019 due to increased gold sales and increased realized gold price (described in Notes 1 and 2) which was partially offset by a higher cash costs, royalties and sustaining mining capital spend. Sustaining capital costs increased from $0.6 million to $2.0 million due to increased capitalized waste at the Kao North pit. An updated Lafigué deposit resource estimate is planned to be published in Q3-2020. As compared to the 724 units sold in November 2019, the Endeavour recorded a 11 per cent degrowth last month. I'd just like to open with comment on the quarter. Endeavour Consulting - Sales and marketing consultancy for the independent hospitality, leisure and tourism industry. For something a bit different - brand new Atlantic Endeavour 19'9 with single beds. Pinterest. Ford is one of the two manufacturers to post positive sales growth in February 2020 as 7,019 units were sold. Production decreased slightly as lower processed grades were partially offset by increased mill throughput. We're monitoring it, and we want to make sure that those cost will come down to improve the free cash flow there, but I don't see it coming under a $100 consolidated. 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. A portion of the higher royalties due to the higher gold price is expected to be netted against lower expected fuel costs. Our next question is from Joseph Reagor with ROTH Capital Partners. 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. Guanacevi, we also have loss carry forwards there. On behalf of the Board of Directors I wish him all the best in the future.” added Sébastien de Montessus. Boungou is expected to recommence mining activities in Q4-2020 once a new mining contract is awarded, the air strip is built and the security practice is fully integrated within Endeavour’s operating model. The Prize Home will be closed Christmas Day 25 December 2020. Endeavour Mining Corporation (“EDV”) has no control over the External Site, any data or other content contained therein or any additional linked websites. After the presentation, there will be an opportunity to ask questions. Sustaining and non-sustaining capital spends for FY-2020 remain unchanged compared to SEMAFO’s published guidance, and are expected to amount to approximately $10.0 million and $3.0 million, respectively (of which $0.7 million and $1.3 million were incurred in H1-2020, respectively). Following the recent resource addition, the updated Le Plaque reserve estimate is expected to be published in Q3-2020 and integrated into the Ity mine plan. 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.