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EXK – Endeavour – They’re going to need some higher silver prices to start performing

Posted by Buygold @ 8:23 on January 31, 2020  

Endeavour Silver Offers 2020 Production, Cost Guidance; Sees 3-3.5M Oz. Silver, 38K-44K Oz. Gold

6:54 am ET January 31, 2020 (Benzinga) Print
Endeavour Silver Corp. (TSX:EDR, NYSE:EXK) released today the 2020 production and cost guidance for its three silver-gold mines in Mexico, the Guanacevi mine in Durango state, the Bolanitos mine in Guanajuato state and the El Compas mine in Zacatecas state.  The Company also provides its 2020 capital and exploration budgets for the three mines and several exploration and development projects.

2020 Production and Cost Guidance Highlights

In 2020, silver production is expected to range from 3.0 to 3.5 million ounces (oz) and gold production is anticipated be in the 38,000 to 44,000 oz range. Silver equivalent production is forecasted to total 6.0-7.0 million oz using a 80:1 silver:gold ratio.

Consolidated cash cost and all-in sustaining cost in 2020 are both estimated to be significantly lower than 2019, at around $6.00-7.00 per oz silver and $17.00-18.00 per oz silver, net of gold by-product credits respectively. Metal price assumptions for 2020 are $17 per oz silver and $1450 per oz gold.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.