The company also posted gold production totaling 49,468 ounces for the quarter and a total of 152,159 ounces were produced during the nine months ended September 2012 at Youga and Nzema mines.

Endeavor reported operating cash flow from the mines operations at $40.7m while the same accounted a total of $121.2m for the nine months ended September 2012.

During the nine months that ended on 30 September 2012, the company has invested a sum of $61.9m from its operating cash flow into its operations and exploration programs.

Commenting on the results, Endeavor Mining COO Attie Roux stated that the mines are continuing to demonstrate strong and consistent performance as they focus on optimizations and cost controls.

"Our operations hub in Accra, Ghana is proving to be very beneficial to integrating the newly acquired Tabakoto mine into our operations systems as we standardize mine reporting, share best practices, and implement cost saving initiatives such as bulk buying of key reagents and parts," added Roux.