Investing In Endeavour Silver
Endeavour Silver plans to build 3 new mines in Mexico over the next 3 years to increase their production by 50 percent. Last year, Endeavour produced 9.7 million ounces of silver and equivalents. Endeavour Silver.
Endeavour Silver is a mid-tier precious metals mining company that owns three high grade, underground, silver-gold mines in Mexico. Since 2004 the company has grown from no production to 9.7 million ounces of silver equivalent production in 2016. We find, build and operate quality silver mines in a socially, economically and environmentally responsible manner to create real value for all stakeholders. Endeavour Silver’s shares trade on the TSX under the symbol EDR and on the NYSE under the symbol EXK.
Guanaceví is Endeavour’s first and richest silver mine, located 260 kilometres northwest of the city of Durango in the state of Durango. Access is by state highway and infrastructure includes the state power grid, local labour, supplies and services in the town of Guanaceví, and a company camp. The property covers approximately 4,100 hectares in the fifth largest historic silver mining district in Mexico. The district is characterized by low-sulphidation epithermal veins, typically thousands of metres long, up to 700 metres deep, and ranging from 1 to 10 metres thick.
Guanaceví is Endeavour’s highest grade and deepest silver mine. Since acquisition, Endeavour has discovered seven high-grade silver-gold ore bodies along a six kilometre length of the Santa Cruz vein, opened new mines, and completed plant modernization and expansion programs. Today three underground mines feed the central, 1,200 tonne-per-day plant that produces doré bars, with a total work force of about 550 employees and 350 contractors.
In 2016, the Guanaceví mine produced 2.4 million ounces of silver and 5,328 ounces of gold, totaling 2.8 million ounces of silver equivalent. Silver and gold production both fell below guidance due to lower throughput and grades, partially offset by higher recoveries.
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