- Endeavour Silver (EDR) reported that consolidated silver production increased 27 per cent in Q2 2022 to 1,359,207 silver ounces (oz) and 9,289 gold oz, for silver equivalent (AgEq) production of 2.1 million oz
- Production continues to outpace guidance of 6.7-7.6 million silver equivalent ounces, totaling 4.1 million AgEq oz
- Silver and gold production exceeded plan driven by higher grades offset by lower tonnes milled
- The Guanacevi mine intersected record high-grade silver-gold mineralization on the El Curso property including 5.83 gpt Au and 1,278 gpt Ag for 2,534 gpt AgEq over a 7.5 m estimated true width in hole UCM-93
- Endeavour Silver Corp. (EDR) was down 1.48 per cent trading at C$4.00 at 11am ET
Endeavour Silver (EDR) reported a 27 per cent jump in silver production in Q2 to 1,359,207 silver ounces and 9,289 gold oz.
Primarily driven by increased silver production at the Guanacevi mine, production continues to outpace the 2022 production guidance of 6.7-7.6 million silver equivalent ounces, totaling 4.1 million AgEq oz.
Silver and gold production exceeded plan driven by higher grades offset by lower tonnes milled.
The Guanacevi mine intersected record high-grade silver-gold mineralization on the El Curso property including 5.83 gpt Au and 1,278 gpt Ag for 2,534 gpt AgEq over a 7.5 m estimated true width in hole UCM-93.
Endeavour’s CEO, Dan Dickson noted that amid ongoing turmoil in the markets due to supply constraints, continued inflation concerns, and uncertainty from the raising of interest rates from historical lows, Endeavour Silver had, what he called, another solid quarter of production.
“Despite the current macro trends, the company and precious metals outlook remains optimistic. Given our positive view for short-term precious metal prices, we are comfortable holding back bullion inventory over the quarter for future sale.”
“First half production results exceeded plan, so we are well positioned to exceed our guidance for the year. The exceptional ore grades at Guanacevi have put us in this position. While it’s has been gratifying to see grades reach new highs, we expect grades to align with or be slightly above plan for the second half of the year,” he continued.
Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States.
Endeavour Silver Corp. (EDR) was down 1.48 per cent trading at C$4.00 at 11am ET.
