Endeavour Silver Corp (EXK)

[Jerry70]

$ EXK. Top Mining Stocks To Watch: Endeavour Silver Corp

Endeavour Silver Corp. ( EXK Stock Report ) is a mining company with a focus on precious metals such as silver and gold. It acquires, develops, explores, extracts, processes, and refines these precious metals at their mining properties. These are located in both Mexico and Chile. The endeavour was forced to slow its mining operations at one point in the year but has since been able to recover its operations quite a bit as the year has progressed.

This week Endeavour Silver Corp. released it's third-quarter 2020 financial. The company’s net income was at $0.5 million, much better than the loss of $6.8 million in the same quarter of 2019. Endeavour claims its earnings would have been higher, but its general and administrative expenses of $1.6 million got in the way with increased metal inventory as well.

Its revenue went up 29% year over year to $35.6 million as well. In terms of metal production, it produced a total of 1.8 million silver equivalent (AgEq). This includes 932,837 oz silver and 10,041 oz gold. As a result of these financial results, EXK stock is up 20.55% to $3.95 a share on November 5th, 2020.

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