Endeavour Reports Q1 Output of 1.9 Million Silver Equivalent Ounces

Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) released its production results for the first quarter of 2017, commenting that its output came in at 1,076, 974 ounces of silver and 11,724 ounces of gold. That equates to 1.9 million silver equivalent ounces using a 70:1 silver-to-gold ratio.
Highlights compared to Q1 2016 are as follows:

• Silver production decreased 29% to 1,076,974 oz
• Gold production decreased 27% to 11,724 oz
• Silver equivalent production was 1.9 million oz (at a 70:1 silver: gold ratio)
• Silver oz sold down 18% to 1,235,594 oz
• Gold oz sold down 26% to 11,290 oz
• Bullion inventory at quarter-end included 116,108 oz silver and 292 oz gold
• Concentrate inventory at quarter-end included 32,995 oz silver and 764 oz gold

Brad Cooke, CEO of Endeavour, commented:

From a production standpoint, we are still recovering from the reduced mine development and operational challenges we faced in 2016. Our plan is to increase production throughout the year as we improve ore grade controls at El Cubo, slowly return Guanaceví to good health, optimize throughput at Bolañitos and regain access to reserves at each mine in order to achieve our production guidance.
We expect 2017 to be a transformative year for Endeavour as we move to develop two new mines. We recently made a decision to develop the El Compas as our fourth mine and we look forward to giving the green light soon to develop Terronera into our fifth mine. The emergence of our exciting new Terronera discovery and the acquisition of the El Compas and Parral mine projects have positioned us for significant growth over the next three years.”

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