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Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced Q2 production results from its three Mexico-based silver mines, noting that together they put out 1,769,741 ounces of silver, on par with expectations.

Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced Q2 production results from its three Mexico-based silver mines, noting that together they put out 1,769,741 ounces of silver, on par with expectations.
Gold production came to 13,047 ounces, which is slightly below what the company anticipated.
Other Q2 production highlights include:

  • Silver production increased 6% to 1,769,741 oz
  • Gold production decreased 14% to 13,047 oz
  • Silver equivalent production decreased 2% to 2.7 million oz (at a 70:1 silver: gold ratio)
  • Silver oz sold up 8% to 1,912,595 oz
  • Gold oz sold down 6% to 13,797 oz
  • Bullion inventory at quarter-end included 187,954 oz silver and 399 oz gold
  • Concentrate inventory at quarter-end included 43,441 oz silver and 567 oz gold

Bradford Cooke, CEO of Endeavour Silver, commented:

Our main theme in operations during the second quarter was the El Cubo mine expansion to 2,200 tonnes per day (tpd) in order to continue driving cash and all-in sustaining costs down. I am pleased to say that El Cubo achieved its 2,200 tpd target as planned at the end of Q2, 2015.
I would like to congratulate our El Cubo operations management and workforce for not only delivering a 100% mine expansion in three quarters but also a 50% mine expansion in three months! While such a sharp increase in production will require some time to stabilize, we are confident this mine expansion is sustainable assuming reserves continue to grow.

Click here to read the full Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) press release.

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