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Endeavour Silver Corp. Message Board

  • planetarian103 planetarian103 Mar 20, 2012 11:08 AM Flag

    Lots of MIS information here. Setting the record straight:

    Note: Endeavor BEAT analysts consensus of .20c net revenue by .02 any way you look at it. The ONLY reason their bottom line failed to advance further (much further) is that the company chose to retain it's earnings in the form of stored SILVER BULLION instead of (depreciating) US dollars. Hence the balance sheet illusion the uniformed choose to spin. Please read below:
    From press release:
    "In Q4, 2011, Endeavour elected not to sell a significant portion of its metal production on the basis that the gold and silver prices were experiencing a major correction and the Company would be better served to hold the unsold metal in inventory until such time as the metal prices rebounded. Therefore the following year-end financial results do not reflect the sale of full 2011 metal production. Metal prices did rebound in Q1, 2012 and management subsequently sold most of the metal held in inventory at prices significantly higher than the December prices.


    -- Net earnings increased to $18.8 million ($0.22 per share) compared to a
    $20.4 million loss in 2010
    -- Adjusted earnings were $32.4 million ($0.37 per share) compared to $1.7
    million ($0.02 per share)
    -- Operating cash-flow before working capital changes jumped 103% to $63.9
    -- Mine operating cash-flow rose 92% to $86.4 million
    -- Revenues climbed 48% to $128.0 million
    -- Metal held in inventory at 2011 year-end included 980,000 ounces (oz)
    silver and 5,400 oz gold compared to 127,000 oz silver and 957 oz gold
    at 2010 year-end

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