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Be the first with the news that moves the market- Endeavour Silver (TSX:EDR) is resuming mining operations in Mexico following approval from the Secretariat of Health
- In order to recommence its activities, the company was required to submit a mine operating and health plan, demonstrating a safe work environment
- This has included a range of new measures related to virus monitoring, prevention and response
- Mining activities are currently ramping up to normal levels, with exploration efforts to resume over the coming months
- Endeavour Silver (EDR) is currently steady at C$2.60 per share, with a market cap of $370.8 million
Endeavour Silver (TSX:EDR) is resuming mining operations in Mexico, following approval from the Secretariat of Health.
In order to recommence activities at its three high-grade, underground silver-gold mines, the company was required to submit a mine operating and health plan demonstrating a safe work environment.
At each of Endeavour’s sites, sweeping new measures have been put in place related to virus monitoring, prevention and response, pursuant to government-mandated guidelines.
These include medical screening for all employees and contractors arriving on site, as well as readily available test kits for other instances that might arise. Strict social distancing and sanitation policies have been implemented, and education campaigns are currently underway in an effort to increase awareness.
Operationally, Endeavour says it is actively managing its supply chain to reduce any potential risks and increase inventory levels.
Each of the company’s three mines are currently processing stockpiled ore while development and extraction processes move back to regular programs.
However, exploration crews will hold off for the time being and are scheduled to resume mapping, sampling and drilling activities in June.
At Bolanitos, workers will finalise the development of the San Miguel orebody over the next two months, which is expected to enable the plant to reach 1,200 tonnes per day by the end of the second quarter this year.
Meanwhile, two rebuilt cone crushers that were installed during the period of operational shutdown at Guanacevi will allow the plant to return to its production capacity of 1,200 tonnes per day by June.
Bradford Cooke, CEO of Endeavour Silver, said the move back to regular business is a welcome development.
“Following the recent government decree that mining is now an essential activity, we are efficiently ramping up our mining operations in a safe and timely manner.
“Everyone is happy to be returning to work where our strict health and safety measures take care of our people and their communities,” he said.
Endeavour Silver (EDR) is currently steady at C$2.60 per share at 12:03pm EDT.
