Endeavour Reports Financial and Operating Results for 2007; Revenues Up 106%, Production Up 58%, Reserves Up 50%

About this update from Endeavour Silver Corp.

[{"type":"text","content":"\n\n\n\nVANCOUVER, April 7 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EJD:\nDBFrankfurt and EXK: AMEX) announced today its operating results and audited\nyear end financial statements for 2007. The financial results are expressed in\nUS dollars (US$) and are based on Canadian generally accepted accounting\npractices. For a more detailed review of Endeavour's 2007 financial and\noperating results, shareholders can view the complete financial statements and\nmanagement discussion and analysis at the Company's website, www.edrsilver.com\nand on the SEDAR website, www.sedar.ca.\n\n\nHighlights 2007\n---------------\n\n- Increased annual sales by 106% to $32.3 million.\n\n- Increased silver production by 58% to 2.1 million oz.\n\n- Increased proven and probable reserves by 50% to 14.9 million oz.\n\n- Increased silver equivalent reserves and resources by 11% to\n 50.0 million oz.\n\n- Acquired remaining 49% of Guanacevi Mines project in Durango for\n $6.8 million in shares.\n\n- Acquired 100% of Guanajuato Mines project in Guanajuato for\n $7.7 million in cash, shares and warrants.\n\n- Discovered new polymetallic mineralized zone in Cometa vein at Parral\n project in Chihuahua\n\n- Common shares listed for trading on American Stock Exchange\n (symbol EXK)\n\n\nBradford Cooke, Chairman and CEO, commented, "Endeavour enjoyed its best\nyear yet in 2007, setting records for the fourth consecutive year in annual\nsales, silver production and mine reserves. The Company's consistent growth\nyear on year can be attributed in part to our business strategy of acquiring\nprospective silver properties within mature mining districts that have\nexisting mine and plant infrastructure so that new discoveries can be\nfast-tracked to production."\n\n\n"Last year, our aggressive production growth pushed cash costs higher so\nmanagement turned its focus in the fourth quarter to strengthening our\noperating team and improving our operating performance. As a result, we are\nalready starting to see cash costs decline at Guanacevi and a similar trend is\nanticipated at Guanajuato this year. Shareholders can look forward to another\nbanner year of growth for Endeavour in 2008, fueled by new mineral\ndiscoveries, expanded mine output and upgraded plant facilities."\n\n\nFinancial Results\n\n\n-----------------\n\n\nIn 2007, Endeavour poste...

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