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Endeavour Silver Corp. (TSX:EDR, NYSE:EXK) announced their financial results for Q1 2013.
Endeavour Silver Corp. (TSX:EDR, NYSE:EXK) announced their financial results for Q1 2013.
As quoted in the press release:
Highlights of First Quarter 2013 (Compared to First Quarter 2012)
Financial
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Net earnings decreased 27% to $14.4 million ($0.14 per share)
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Adjusted earnings(1) decreased 34% to $12.9 million ($0.13 per share)
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EBITDA(1) decreased 8% to $31.0 million
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Cash flow from operations, before working capital changes decreased 8% to $24.3 million
Endeavour’s CEO, Bradford Cooke, said:
Endeavour enjoyed a very good start to the year, setting new records for quarterly silver and gold production. As a result, the Company established new highs for quarterly revenue and mine operating cash flow, although operating cash flow and net earnings were both lower than last year due to a higher operating cost, increased exploration activity and larger depletion related to the El Cubo acquisition.
To view the whole press release, click here.
