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Endeavour Silver (NYSE:EXK) (TSX:EDR) announces its financial results for the fourth quarter and year ended December 31, 2017. The Company owns and operates three underground silver-gold mines in Mexico, the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state, is developing the El Compas project to production in Zacatecas …
Endeavour Silver (NYSE:EXK) (TSX:EDR) announces its financial results for the fourth quarter and year ended December 31, 2017. The Company owns and operates three underground silver-gold mines in Mexico, the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state, is developing the El Compas project to production in Zacatecas state and advancing the Terronera project in Jalisco state to a development decision.
Bradford Cooke, CEO, commented:
“Overall, we worked hard in 2017 to turn a year of challenges into a year of opportunities. I am pleased to report strong growth in net earnings in 2017, up 148% to $9.7 million or $0.08 per share, notwithstanding slightly lower revenues compared to 2016.
In addition, our financial performance in the Q4, 2017 was up across all metrics compared to Q4, 2016. We reduced our operating costs during the year and expect to continue that trend into 2018.”