Business
Endeavour Achieves Record Silver Production In The Fourth Quarter 2007
VANCOUVER, Jan. 15 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX, and EJD: Frankfurt) annou...
About this update from Endeavour Silver Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Jan. 15 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX,\nand EJD: Frankfurt) announces that silver production from its two operating\nsilver mines in Mexico, Guanacevi and Bolanitos, hit a new all-time high of\n636,866 oz in the 4th quarter, 2007. Silver production was up 10% over the 3rd\nquarter and jumped 72% compared to the 369,295 oz produced in Q4, 2006.\n\n\nThe robust 4th quarter production increased Endeavour's output to\n2.14 million oz silver in 2007, enabling the Company to beat its revised\nproduction forecast of 2.0 million oz for the year by 7%. In 2007, silver\nproduction rose 58% over the 1.35 million oz produced in 2006, thereby\ncontinuing the Company's track record for aggressive production growth.\n\n\nIn addition, gold production amounted to 2100 oz in Q4, 2007, up 15% from\nthe 3rd quarter and up 387% compared to the 431 oz produced in Q4, 2006.\nEndeavour's gold production climbed to 6427 oz in 2007, a 158% jump compared\nto the 2493 oz gold produced in 2006. Expressed as silver equivalents (based\non a 55 silver : 1 gold ratio), Endeavour's combined silver and gold\nproduction amounted to 752,366 silver equivalent oz in Q4, 2007 and 2,488,485\noz silver equivalent for the year using 55:1 for the Ag: Au ratio based upon\nthe current silver and gold values.\n\n\nEndeavour plans to release a more detailed review of its 2007 mining\noperations and its production forecast for 2008 by the end of January. An\nexploration overview and outlook will also be provided in January and the\nannual financial review and forecast is scheduled for mid-April.\n\n\nBradford Cooke, Chairman and CEO, commented, "We are thrilled with these\nlatest production results, especially given the operating challenges\nmanagement dealt with over the past year. Once our Guanacevi plant\nimprovements and Bolanitos mine development and exploration projects are\nsuccessfully completed, these two mines should be able to more than double\ntheir production over the next two years as they approach their new operating\ncapacities."\n\n\nEndeavour Silver Corp. (EDR: TSX, EDR.WT: TSX, EXK: AMEX, EJD:\nDBFrankfurt) is a small-cap silver mining company focused on the growth of its\nsilver production, reserves and resources in Mexico. The expansion programs\nnow underway at Endeavour's two operating mines, Guanacevi i...