Thursday, October 08, 2015 7:08:52 AM
Endeavour Silver Produces 1,820,282 oz Silver and 15,319 oz Gold (2.9 Million oz Silver Equivalent) in the Third Quarter, 2015
VANCOUVER, BC--(Marketwired - October 08, 2015) - Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) announces that silver and gold production from the Company’s three operating silver mines in Mexico was on plan in the Third Quarter, 2015. Endeavour owns and operates the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State.
Silver production in the Third Quarter, 2015 was slightly above guidance at 1,820,282 ounces (oz) and gold production was slightly below guidance at 15,319 oz. Silver equivalent production was on plan at 2.9 million oz using a 70:1 silver gold ratio. Silver, gold and silver equivalent production were each up quarter-on-quarter compared to Q2, 2015 and up year-on-year compared to Q3, 2014.
Production Highlights for Third Quarter, 2015 (Compared to Third Quarter, 2014)
•Silver production increased 11% to 1,820,282 oz
•Gold production increased 9% to 15,319 oz
•Silver equivalent production increased 10% to 2.9 million oz (at a 70:1 silver: gold ratio)
•Silver oz sold up 50% to 1,844,556 oz
•Gold oz sold up 7% to 14,599 oz
•Bullion inventory at quarter-end included 97,654 oz silver and 223 oz gold
•Concentrate inventory at quarter-end included 99,555 oz silver and 1,497 oz gold
More here
EXK
Endeavour Silver reports Q3 silver production was slightly above guidance at 1,820,282 ounces and gold production was slightly below guidance at 15,319 oz.
Silver equivalent production was on plan at 2.9 million oz using a 70:1 silver gold ratio.Lower than planned mill feed from the El Cubo mine allowed Bolaitos to mill just under 1,200 tpd of Bolaitos ore in Q3, 2015. Grades and recoveries were both lower in the third quarter but are expected to rise according to plan in Q4, 2015.
Greetings from EntndanceInvestors, EXK Long-Term Investors.
Fred & EntendanceInvestors Beach
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