Endeavour Silver Produces 4.9 Million oz Silver and 53,007 oz Gold for 8.9 Million oz Silver Equivalent in 2017
VANCOUVER, British Columbia, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX:EDR) (NYSE:EXK) reports 2017 production of 4.9 million ounces (oz) silver and 53,007 oz gold, meeting the company’s revised guidance on silver and exceeding revised guidance on gold. Silver equivalent production totaled 8.9 million oz at a 75:1 silver: gold ratio, approaching the top end of revised guidance. Silver production in the Fourth Quarter, 2017 was 1,436,962 oz and gold production was 14,577 oz, for silver equivalent production of 2.5 million oz, marking the third consecutive quarter of improved production and a 30% increase over the Fourth Quarter, 2016. Endeavour owns and operates three silver mines in Mexico: the Guanaceví mine in Durango state and the Bolañitos and El Cubo mines in Guanajuato state. Production Highlights for Fourth Quarter, 2017 (Compared to Fourth Quarter, 2016) - Silver production increased 32% to 1,436,962 oz
- Gold production increased 28% to 14,577 oz
- Silver equivalent production was 2.5 million oz (at a 75:1 silver: gold ratio)
- Silver ounces sold totaled 1,392,518 oz
- Gold ounces sold totaled 14,117 oz
- Bullion inventory at year-end included 209,337 oz silver and 487 oz gold
- Concentrate inventory at year-end included 31,984 oz silver and 739 oz gold
Production Highlights for Fiscal 2017 (Compared to Fiscal 2016) |