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Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) released Q3 2015 production results for its three operating mines in Mexico, commenting that gold and silver output came in “on plan.”
Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) released Q3 2015 production results for its three operating mines in Mexico, commenting that gold and silver output came in “on plan.”
Silver production was slightly above guidance, at 1,820,282 ounces, while gold production was slightly under guidance, at 15,319 ounces. Meanwhile, silver equivalent production was on plan at 2.9 million ounces using a 70:1 silver-gold ratio.
Further production highlights are as follows:
- Silver production increased 11% to 1,820,282 oz
- Gold production increased 9% to 15,319 oz
- Silver equivalent production increased 10% to 2.9 million oz (at a 70:1 silver: gold ratio)
- Silver oz sold up 50% to 1,844,556 oz
- Gold oz sold up 7% to 14,599 oz
- Bullion inventory at quarter-end included 97,654 oz silver and 223 oz gold
- Concentrate inventory at quarter-end included 99,555 oz silver and 1,497 oz gold
Bradford Cooke, CEO of Endeavour, commented:
Our mining operations delivered another solid quarter of production in Q3, 2015, and our exploration group continued to release positive drill results from the mines. It’s also great to see the El Cubo mine rescue team place second in the XIV Mexico National Mine Rescue Competition and El Cubo’s Jonathan Franco place first in the Benchman competition. All three of our mine rescue teams are highly skilled. They train year-round to handle any emergency and we are grateful for their dedication and service.
Click here to read the full Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) press release.