Endeavour Mining Targets Discovery of Up to 15 Million Ounces of Resources Over Next 5 Years

Endeavour Mining EDV 1.92%increase; green up pointing triangle said it targets the discovery of 12 million to 15 million ounces of mineral resources over the next five years.

The London- and Toronto-listed gold miner on Tuesday said it forecasts a total exploration expenditure of around $540 million over the period as part of its exploration outlook, and that it expects the discovery cost to come in at less than $40 per ounce.