West Africa-focused Endeavour Mining Corp.
, Stock Forum
) produced a record amount of gold in the second quarter of 2014, the company said Monday, putting the firm in a position to hit the top end of its guidance range.
Production of 122,517 ounces in the quarter from mines in Mali, Cote d’ Ivoire, Ghana, and Burkina Faso generated revenue of $153.4 million, the company said in a press release.
“With gold production for the first half of 2014 of 228,000 ounces, we can now expect to achieve the top end of the guidance range of 400,000 to 440,000 ounces for the full year,’’ said Endeavour Chief Executive Officer Neil Woodyer.
Endeavour shares rose 3.2% to 97 cents Monday, leaving a market cap of $400.8 million, based on 413.1 million shares outstanding. The 52-week range $1.02 and 44 cents.
Management of Endeavour will host a conference call to discuss the results on August 12, 2014.