|Endeavour Silver Corp. - EDR.t operates three producing silver mines in Mexico, the Guanacevi Mine in the state of Durango and the Bolañitos and El Cubo Mines in the state of Guanajuato.|
In 2012, Guanacevi, Bolañitos and El Cubo mines produced 4.5 million ounces of silver and 38,600 ounces of gold. With the acquisition of El Cubo, the company expects cash costs to rise between $6.00 and $7.00 per ounce.
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK, Frankfurt: EJD) announces that it is forecasting its ninth consecutive year of production growth for 2013. The Company owns and operates three underground, silver-gold mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State.
Endeavour's silver production in 2013 is forecast to rise 12-18% to 5.0-5.3 million ounces (oz) and gold production is anticipated to increase 19-27% to 46,000-49,000 oz as shown in the table below. Silver equivalent production is expected to climb 14-22% to 7.3-7.8 million oz (at a silver:gold ratio of 50:1).
| || |