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Endeavour Silver Corp. Message Board

  • jj719903 jj719903 Sep 16, 2013 8:25 AM Flag

    Endeavour Silver Raises 2013 Production Guidance to 6.0 Million oz Silver and 68,000 oz Gold or 10.0 Million oz Silver Equivalents

    September 16, 2013
    Endeavour Silver Raises 2013 Production Guidance to 6.0 Million oz Silver and 68,000 oz Gold or 10.0 Million oz Silver Equivalents, No Change in Cash Cost Guidance

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2013) - Endeavour Silver Corp. (NYSE:EXK)(TSX:EDR) today announced updated production guidance for 2013. Endeavour is a mid-cap silver mining company that owns and operates three underground silver-gold mines in Mexico, the Guanacevi mine in Durango state and the Bolanitos and El Cubo mines in Guanajuato state.

    Endeavour's silver production in 2013 is now forecast to total 6.0 million ounces (oz), up 20% from previous guidance of 5.0-5.3 million oz, and a 34% increase over 2012. Silver production for H1, 2013 was approximately 3.0 million ounces.

    Gold production for 2013 is now forecast to total 68,000 ounces, up 48% from previous guidance of 46,000-49,000 oz, and an 87% increase over 2012. Gold production for H1, 2013 was approximately 35,000 oz.

    On a silver equivalent basis, using a conversion ratio of 60:1, 2013 production is now forecast to total approximately 10.0 million ounces, up 37% from previous guidance of 7.3-7.8 million ounces, and a 45% increase over 2012. Silver equivalent production for H1, 2013 was approximately 5.0 million ounces.

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