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Endeavour Silver Corp T.EDR

Alternate Symbol(s):  EXK

Endeavour Silver Corp. is a Canada-based mid-tier precious metals mining company. The Company's portfolio consists of two producing mines, which are silver/gold mines in Mexico: Guanacevi and Bolanitos; one development project, which is a proposed silver/gold mine that is under construction in Jalisco: Terronera, and five exploration projects located in Mexico, Chile and United States: Pitarrilla, Parral, Bruner, Aida and Lourdes. The Guanacevi operation is producing from three underground silver-gold mines along a five kilometers (km) length of the prolific Santa Cruz vein. The Bolanitos operation encompasses three underground silver-gold mines and a flotation plant. The Terronera project is located 40 km northeast of Puerto Vallarta in the state of Jalisco, Mexico, features a high-grade silver-gold mineral resource. The Pitarrilla project is a large undeveloped silver, lead and zinc project. It has an option to earn an 85% interest in the Baxter gold and silver property.


TSX:EDR - Post by User

Bullboard Posts
Comment by b00gn1shon Aug 14, 2008 7:26pm
839 Views
Post# 15385760

RE: Increasing reserves and production

RE: Increasing reserves and productionWhy is it that y'all expect this company to be showing a profit at this time?  They are running break-even cashflow when you factor out depreciation, amortization, taxes and exploration.  Only the latter is a cash cost, and that's the nature of the business.  You have to explore for more if you want to grow by the drillbit.  Capital costs are tremendous, and it takes years to turn a profit.  Their peers like First Majestic, and Minefinders are in the same exact boat.
Bullboard Posts