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MEXICO CITY, Jan 28 (Reuters) - Canadian miner Endeavour Silver Corp will reduce production of the precious metal this year by more than a quarter because of low prices, the company said in a statement on Thursday. Silver prices have fallen more than 70 percent since hitting 2011 highs of nearly $50 an ounce. They stood at $14.24 an ounce on Thursday on the London Bullion Market Association's index. Endeavour Silver projects that silver production this year will total between 4.9 and 5.3 million ounces, down by more than a quarter compared to 2015 output of 7.2 million ounces. The company operates three mines in Mexico, the world's biggest silver producer. (Reporting by David Alire Garcia; editing by Phil Berlowitz and Grant McCool)
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Endeavour Silver Corp.
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PRODUCER |
CODE : EDR.TO |
ISIN : CA29258Y1034 |
CUSIP : 29258Y 10 3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endeavour Silver is a gold and silver producing company based in Canada. Endeavour Silver holds various exploration projects in Chile and in Mexico. Its main assets in production are GUANAJUATO (BOLANITOS) and GUANACEVI in Mexico and its main exploration properties are ARROYO SECO and PARRAL in Mexico and LA PRESIDENTA CHILE in Chile. Endeavour Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 483.7 millions as of today (US$ 354.1 millions, € 330.9 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. |