Endeavour Silver Corp. (NYSE: EXK) Analyst Coverage Initiated; Will Silver Continue to Shine

VANCOUVER, BC / ACCESSWIRE / April 25, 2016 / Endeavour Silver Corp. (NYSE: EXK) a Canada-based mining company engaged in silver mining in Mexico and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation, recently announced its production results for the First Quarter, 2016 from the Company’s three operating silver mines in Mexico: the Guanacevi mine in Durango State and the Bolanitos and El Cubo mines in Guanajuato State. Silver production in the First Quarter, 2016 was 1,510,065 ounces (oz.) and gold production was 15,960 oz. resulting in silver equivalent production of 2.7 million oz. using a 75:1 silver gold ratio. Quarterly production was lower both quarter-on-quarter and year-on-year as per the Company’s 2016 guidance.

Endeavour CEO Bradford Cooke commented, “Our plan for 2016 is to focus on profit margin by minimizing all-in sustaining costs and improving after-tax free cash flow at each mine. That means investing less on exploration and development, primarily at El Cubo and Bolanitos, as well as evaluating new opportunities to reduce operating costs at each mine. For example, we are encouraged by the initial test results to significantly improve ore grade at El Cubo by reducing waste going into the plant using an optical sorting technology.”

Will Silver continue to shine?

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