Endeavour Silver Sets Quarterly Production Record

By Midnight Trader,  January 14, 2013, 01:03:41 PM EDT

Endeavour Silver Corp. (EDR.TO) announced that production rose for the eighth consecutive year in 2012. Consolidated silver and gold production from the company's three operating silver mines in Mexico established new records for both annual and quarterly production at the end of Q4 2012.

Silver production rose 20% to 4,485,426 ounces (oz) silver and gold output was up 77% to 38,687 oz compared with 2011.

Annual revenues were up 63% to US$208.1 million and Q4 2012 revenues were up 281% to US$66.7 million due to higher metal production and sales plus higher gold prices, offset by lower silver prices.

EDR shares fell six cents to $7.81.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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