| Endeavour Silver Corp up 4.25% | |
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- By Alberto Abaterusso
Endeavour Silver Corp. rose by 4.26% to $2.45 per share on increased fourth quarter silver and gold production, as of yesterday. At the same time, the company reported a lower output in 2017 compared to a year ago. The fall in the production of ore at El Cubo mine negatively impacted the company"s total production of silver, amounting to a 9% decline to 4,919,788 ounces in 2017. In addition, gold output went down to 53,007 ounces, an 8% decrease from 2016.
Endeavour has informed shareholders that its consolidated financial results for the fourth quarter and year 2017 will be released Feb. 26 before the opening of the stock market. The following charts give a picture of the company"s output of gold and silver over the last five fiscal years. The charts show the company"s production is down trending. Endeavour Silver Corp"s annual silver production from 2013 to 2017: El Compas is expected to enrich the company"s total annual silver production with about one million ounces. Initial production at El Compas is expected to begin at the end of the first quarter of 2018. Another catalyst to watch this year is the expected hike in the production at Guanacevi as Milache and Santa Cruz Sur start operating in the second half of the year. These catalysts should trigger appreciation of the stock. Therefore, I would closely follow Endeavour Silver Corp. (Disclosure:I have no positions in Endeavour Silver Corp.) This article first appeared on GuruFocus.
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Endeavour Silver Corp.
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PRODUCER |
CODE : EDR.TO |
ISIN : CA29258Y1034 |
CUSIP : 29258Y 10 3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endeavour Silver is a gold and silver producing company based in Canada. Endeavour Silver holds various exploration projects in Chile and in Mexico. Its main assets in production are GUANAJUATO (BOLANITOS) and GUANACEVI in Mexico and its main exploration properties are ARROYO SECO and PARRAL in Mexico and LA PRESIDENTA CHILE in Chile. Endeavour Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 415.0 millions as of today (US$ 331.8 millions, € 290.7 millions). Its stock quote reached its lowest recent point on January 25, 2002 at CA$ 0.01, and its highest recent level on September 14, 2012 at CA$ 9.99. Endeavour Silver has 127 300 000 shares outstanding. |