Endeavour Silver Corp (EXK)

[JohnCM]

Pretty rough. I think this will be a good, future holding. Just have to pickup shares when they stop falling.

Highlights of Third Quarter 2014 (Compared to Third Quarter 2013)
Financial
Revenue, earnings, cash flows and EBITDA were all lower in Q3, 2014 compared to Q3, 2013
due to lower metal prices, lower mine production, an increase in silver inventories and
corresponding decrease in silver sales
Net loss of $11.4 million ($0.11 loss per share) compared to net gain of $12.3 million ($0.12 per
share)
EBITDA(1) decreased 92% to $2.2 million
Cash flow from operations before working capital changes decreased 83% to $4.4 million
Mine operating cash flow before taxes(1) decreased 25% to $19.6 million
Revenue decreased 40% to $40.5 million
Realized silver price decreased 17% to $18.78 per ounce (oz) sold
Realized gold price decreased 9% to $1,278 per oz sold
Cash costs(1) increased 108% to $10.70 per oz silver payable (net of gold credits)
All-in sustaining costs increased 66% to $20.18 per oz silver payable (net of gold credits)
Bullion inventory at quarter-end included 523,526 oz silver and 937 oz gold
Concentrate inventory at quarter-end included 33,768 oz silver and 517 oz gold
Capital investments and exploration expenditures peaked in Q3 and are now declining in Q4