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Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced that during Q3 2013, it set new records for quarterly silver and gold production at Guanaceví, Bolañitos and El Cubo, its three operating silver mines in Mexico. Its silver production rose 63 percent from the year-ago quarter, to 1,855,846 ounces, while its gold production increased 95 percent, to 22,947 ounces.
Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced that during Q3 2013, it set new records for quarterly silver and gold production at Guanaceví, Bolañitos and El Cubo, its three operating silver mines in Mexico. Its silver production rose 63 percent from the year-ago quarter, to 1,855,846 ounces, while its gold production increased 95 percent, to 22,947 ounces.
Production highlights include:
- Silver production increased 63% to 1,855,846 oz
- Gold production jumped 95% to 22,947 oz
- Silver equivalent production escalated 75% to 3.23 million oz (at a 60:1 silver: gold ratio)
- Revenue rose 31% to an estimated $67.8 million on 1,788,375 silver oz and 20,958 gold oz sold
- Realized silver price fell 21% to $22.60 per oz sold(2)
- Realized gold price fell 14% to $1,409 per oz sold(2)
- Bullion inventory at quarter-end included 365,481 oz silver and 2,176 oz gold
- Concentrate inventory at quarter-end included 19,645 oz silver and 297 oz gold
- Enhanced cash flow by increasing production tonnes and/or grades at all three mines
- Continued to cut costs through additional work-force reductions and operating efficiencies
- El Cubo and Bolañitos production and recoveries both benefitted from the clean-out of the leased Las Torres plant before it was returned to the owner in late July
- Increased 2013 production guidance as a result of the out-performance of the Bolañitos mine and the operational turn-around of the El Cubo mine
Click here to read the full Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) press release.