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I changed today Mux into EXK, I like the way into a possible
doubledigit by next year
Is there any doubt??? The $SILVER bull is on!!!
Silver is up nicely this morning. EXK should hit $4 soon enough! :)
Hi. Of these 17 that you evaluated, which do you like and why? Can you please name them all? Thanks a lot.
What a difference a week makes. The volatility in the dollar and it's influence on PM prices is indicative of big economic problems. IMO
Today's move down in the price of silver certainly does not jibe with the comments made by CEO in this link. http://www.bloomberg.com/news/articles/2016-05-26/miner-sees-silver-price-surging-ninefold-as-global-gadgets-boom
Yellen apparently has more short term influence as she hinted that the Fed must raise interest rates so that they can lower them if needed. LOL
Crazy stuff...and the dollar strengthens as it anticipates June increase.
The Fed is obviously boxed in and the markets are apparently asleep.
If the Fed is correct and the economy is doing better then silver demand will probably increase silver prices. The coin toss as to a good economy or a bad one may favor silver prices upward regardless of how it lands. JMHO
The past month has been a slow ride down the escalator for exk. With the dollar index climbing and pm's retreating the stock market is rising and seems like it will give cover to the Fed to raise the interest rate slightly in June. Wow, maybe the Fed has things under control and knows exactly what to do. LOL
Yeah maybe lucky for you in EXK. But not for me in Canarc. I've lost a boat load of money after this announcement! Canarc shareholders were a supposed to benefit from near term production. Instead we got shafted! :(
If they are able to expand this area and its production, it will be an absolute astounding Project next year! Good to have some gold produced as well
If El Cubo will not shut down, EDR could produce a lot of cash next year! Exciting if it works.
Canarc Sells El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares
Vancouver, Canada – May 09, 2016 – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) (“Canarc” or the “Company”) announces that it has signed a definitive agreement with Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) pursuant to which Canarc will sell to Endeavour 100% of the shares of Canarc’s wholly-owned subsidiary, Oro Silver Resources Ltd., which indirectly holds a 100% interest in the El Compas Gold-Silver Mine Project (“El Compas”) in Zacatecas, Mexico, in consideration for 2,147,239 free-trading common shares of Endeavour, with an aggregate deemed value of CAD$10.5 million (the “Sale Transaction”).
The Endeavour shares will be issued at a deemed price of CAD$4.89 per share, equal to the volume-weighted average trading price on the TSX for the 10 trading-day period immediately prior to May 6, 2016. As additional consideration, Endeavour will assume Canarc’s obligation to deliver an aggregate of 165 troy ounces of gold (or the US Dollar equivalent) to Marlin Gold Mining Ltd. (“Marlin”) in three equal payments of 55 troy ounces which are due in October 2016, 2017 and 2018. The foregoing gold delivery obligation was incurred by Canarc in connection with its acquisition of El Compas from Marlin.
Closing of the Sale Transaction will take place following receipt of all necessary regulatory approvals and other customary closing conditions, no later than June 30, 2016. The Sale Transaction was negotiated by Canarc management and approved by the independent directors of Canarc, with Chairman and director Bradford Cooke abstaining from any deal discussions and the Board meeting to review and approve the Sale Transaction, due to his status as a director and officer of Endeavour.
Rationale for Sale Transaction and Benefits to Canarc
Opportunity for Canarc to turn a C$2 million investment into C$10.5 million in less than one year, making this a highly profitable transaction for the company
Canarc’s enhanced treasury with no need to take on secured debt obligations, allows the company to continue actively seeking and pursue even more substantial growth M&A opportunities aimed to create additional value for our shareholders
Places Canarc in the strongest financial position that it has been in for many years
Provides Canarc with a generous profit while eliminating the risks associated with the development, financing and start-up of a new mining operation
Endeavour shares have significant upside potential that could further increase Canarc’s treasury
A conference call to discuss the Sale Transaction will be held on Monday, May 9, 2016 at 9:00 AM PST (noon EST). To participate in the conference call, please dial the following:
Vancouver Toll : +1-604-638-5345
Toronto Toll: +1-416-915-3227
Canada/USA Bilingual TF: 1-800-319-7310
Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join the Canarc call.
Conference Call Passcode When prompted, please enter: 35755
Mr. Catalin Chiloflischi, CEO of Canarc, stated: “This transaction is a very positive step forward for Canarc. By turning a $2 million investment into a $10.5 million sale in less than one year, Canarc will now have sufficient capital to pursue other larger and more advanced M&A opportunities with a goal to create even more value for our shareholders.”
“Catalin Chiloflischi”
NEWS!
.
A shame it comes on a down day for silver.
Great to see them expanding. Hope they are as successful with this as other ventures in nthe past.
I hope the CC gets posted on their website soon. I like those.
Yep, CC just concluded. If Silver spot moves into the 20's it seems likely that EXK is gonna do extremely well. You are right on track with the Terronera comment.
It was drop in production that scared me at first but they have so much in the pipeline that it's no real matter. I have a Feeling Terronera will be a very big thing in the coming years.
That El Cubo effort with the new tech to lower costs, that could also be a truly nice boost if it works. Hm, that could be used in other areas too one might Think.
It appears that EXK will proceed to move forward on Guanaveci and be ready for production expansion. If Silver prices continue to rise the timing might be good for the announced additional equity offering. Management appears to be ready for expansion and yet has significantly reduced AISC. I like what I see.
Sure hope the revision we get tomorrow morning is up and not down. http://news.edrsilver.com/press-releases/endeavour-silver-revises-q1-earnings-date-to-may-5-2016-nyse-exk-11g095270-001
Endeavour Silver Propelled Higher By Spectacular Test Results
Read mor:
http://seekingalpha.com/article/3966893-endeavour-silver-propelled-higher-spectacular-test-results
Metals are screaming, "DANGER!!!"
Tell me which ones!
FFMGF? Yes, but I think there are better ones to ride. Currently evaluating 17 small gold and silver cos.
Hahaha, you should have bought both!GPL will come down. Have you looked at FFGMF? I see the potential ther, same CEO as AG owns it.
I can't believe I bought this instead of GPL, lol
EXK Endeavour Silver Completes US$16 Million At-the-Market Equity Financing
VANCOUVER, BC--(Marketwired - April 26, 2016)
Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) has completed the previously announced At-the-Market (ATM) offering for up to US$16.5 million. Under the ATM, Endeavour sold 8,017,694 shares for net proceeds of US$16.0 million. The funds will be used to advance exploration and development of the Terronera project, expedite brownfields exploration and development programs at existing mines, and add to working capital.
Endeavour CEO Bradford Cooke commented: "We are pleased to have completed this financing as it significantly strengthens our balance sheet and helps fund our growth projects. In particular, we have initiated an aggressive exploration program at the Terronera project to significantly expand the resources. This should allow us to model a larger, more economically robust high grade, underground silver-gold mine and complete the engineering work needed to deliver a pre-feasibility study."
About Endeavour -- Endeavour Silver is a mid-tier precious metals mining company that owns three high grade, underground, silver-gold mines in Mexico. Since start-up in 2004, the company has grown its mining operations to produce 11.4 million ounces of silver and equivalents in 2015. We find, build and operate quality silver mines in a sustainable way to create real value for all stakeholders. Endeavour Silver's shares trade on the TSX (symbol EDR) and on the NYSE (symbol EXK).
Greetings from Fred & EntendanceInvestors Beach
Most people think that's crazy talk. I think it's possible but it will take a big time economic shock. Actually I think it's likely but the timing is extremely hard to predict. Could be a coupla years or more.
I have been watching EXK for over 10 years. I am sure this will skyrocket as silver take off, but it went up so much, but it is ok, I got whole bunch of other miners. Good luck to you!
Eddy, It looks like PM prices are just starting to move. This could be only the beginning of a huge move up by EXK. With negative interest rates and recession/depression looming in various places around the world, I would guess the dollar index will continue to weaken. The Fed cannot possibly raise rates in US without worsening the recession. JMHO I think we could have Silver over $30/oz by end of year. This is just a WAG on my part, but the momentum seems to be gathering and I just might be correct.
I can't believe I didn't buy EXK.
Endeavour Silver Produces 1,510,065 oz Silver and 15,960 oz Gold (2.7 Million oz Silver Equivalents) in the First Quarter, 2016
VANCOUVER, BC--(Marketwired - April 08, 2016)
Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) reports its production results for the First Quarter, 2016 from the Company's three operating silver mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos 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.
Production Highlights for First Quarter, 2016 (Compared to First Quarter, 2015)
• Silver production decreased 17% to 1,510,065 oz
• Gold production increased 1% to 15,960 oz
• Silver equivalent production was 2.7 million oz (at a 75:1 silver: gold ratio)
• Silver oz sold down 19% to 1,511,319 oz
• Gold oz sold down 3% to 15,255 oz
• Bullion inventory at quarter-end included 88,609 oz silver and 188 oz gold
• Concentrate inventory at quarter-end included 67,690 oz silver and 1,316 oz gold
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 Bolañitos, 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. A pilot test using this technology on El Cubo ore will be completed in the second quarter. We will reconsider investing in exploration and development at El Cubo and Bolañitos once we know operating costs can be lowered further and/or metal prices are materially higher. Until then, we think it is better to produce less metal at a profit than more metal at a loss."
At Guanaceví, throughput in Q1 was slightly behind plan due to reduced mine development as a result of a change in the mining contractor in January. A new mining contractor has been hired and is now on site. Management expects Guanaceví operations will catch up to plan over the next few months. At Bolañitos and El Cubo, throughput, grades and recoveries were generally on plan for Q1.
Infill drilling of the existing resource area at Terronera began in Q1 and is scheduled to be completed this month, at which time the exploration group will turn their attention to aggressive step-out drilling along the Terronera vein and other highly prospective subparallel veins. Further engineering work will also get under way in Q2 as part of the Terrronera pre-feasibility study.
More here
Greetings from Fred & EntendanceInvestors Beach.
Miles Ahead!
Good to see others have taken a look at Brads other company CRCUF. All indications pointing to production by years end. Share price should move again soon when they close on all financing and reveal next steps. Big future ahead for Canarc
don't forget $gpl and $crcuf
By the way, the 10 week MA just crossed the 40 week MA... strong like a garlic milkshake!!!
Utterly fantastic for all of us as many of these smaller miners have gone up 50-100% and more in some cases... I'm reloading for the next run here and elsewhere!!!
Good call Pro on EXK ... -2016- Great so far!
Silver – A Long-Term Perspective
More here
"...the gold-silver ratio — a measurement that determines how many ounces of gold it takes to buy an ounce of silver — is beginning to retreat, after hovering near a ten-year high..."
Silver has begun to outperform gold
Stephen P Kendal
Greetings from Fred & EntendanceInvestors Beach
Endeavour Silver (NYSE:EXK): Q4 EPS of -$0.02 beats by $0.02.
Revenue of $42.7M (-12.1% Y/Y) beats by $0.07M.
Endeavour Silver Reports 2015 Financial Results; Conference Call at 10am PST (1pm EST) on March 4, 2016
Greetings from Fred & EntendanceInvestors Beach
Well, well... Gold Surges Above Key Technical Level
Submitted by Tyler Durden on 02/03/2016 10:21 -0500
http://www.zerohedge.com/news/2016-02-03/gold-spikes-above-key-technical-level
Endeavour Silver Provides Production and Cost Guidance for 2016; Conference Call at 10:00am PST Today
More here
Greetings from Ffred & EntendanceInvestors Beach! Miles Ahead!
Nice action here especially for all who bought under a buck-5! hehehehe.
Endeavour Silver reports silver production was above guidance and gold production was in line with guidance in 2015; produces 1.7 mln oz silver (-14% Y/Y) and 15.4K oz gold (+2% Y/Y) in Q4
Endeavour Silver Produces 7.2 Million oz Silver and 60,000 oz Gold in 2015
Greetings from Fred & EntendanceInvestors Beach! Miles Ahead!
Sprott Unleashed: “Everything is a Lie… I Dream of the Day Comex Paper Exchange Can’t Deliver Gold”
Mac Slavo November 22nd, 2015
http://www.shtfplan.com/headline-news/sprott-unleashed-everything-is-a-lie-i-dream-of-the-day-comex-paper-exchange-cant-deliver-gold_11222015
That is one of the ingredients for an awakening.:)
Silver coin demand during calendar 2015 is projected to increase 21 percent over 2014 demand, to 129.9 million troy ounces, according to the Interim Silver Market Review issued Nov. 17 by Thomson Reuters.
According to the report, demand for silver coins is forecast to reflect 12 percent of overall physical demand for the precious metal, an increase of 2 percent over 2014 levels.
The precipitous drop in silver prices during July and August to six-year lows fueled silver coin buying, particularly in North America where coin sales jumped 103 percent to 23.6 million troy ounces during the calendar year 2015 third quarter.
Total silver supply, according to the report, is projected to slip to 1,014.4 million troy ounces in 2015, down 3 percent from 2014, according to the report.
Interest in Silver is low ...
Like CDE
Ask the CEO:
To submit a question to the CEO, please send it to asktheCEO@edrsilver.com
http://edrsilver.com/investors/ask_ceo/
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