Wednesday, July 11, 2019
Endeavour Silver (EXK)
A Work In Progress
Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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- EXK reports second quarter production results. Compared to the prior year period, second quarter silver and gold production declined 22% and 30% to 1,059,322 ounces and 9,558 ounces, respectively. Although partially offset by higher production at the Guanacevi mine and initial commercial production from the El Compas mine, the declines were attributed to lower planned production at the El Cubo mine and lower throughput and grades from Bolanitos. Compared to the first quarter of 2019, second quarter silver and gold production declined 1% and 5%, respectively.
- Updating Estimates While our 2019 loss per share estimate remains unchanged at ($0.17), we are increasing our 2020 EPS estimate to…
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