Endeavour Silver Corp. – Operational update and an exploration and production outlook for the rest of 2020
Brad Cooke, Founder and CEO of Endeavour Silver (TSX:EDR – NYSE:EXK) kicks off today by providing an update on the operational turnaround at the Company’s 3 silver mines in Mexico. 2019 was a bad year for Endeavour as the Company was making some adjustments at the mines to run more economically. Brad and I look to the just released Q2 financials as a gauge of how the turnaround is progressing.
We also discuss how the higher silver price is impacting the production as well as the exploration that’s restarted at most of the projects.
Click here to read over the Q2 financial results released yesterday.
Hi Tom – What does Livent do? Never heard of them.
off topic:
Vizsla drills two m of 1,541 g/t AgEq at Panuco
2020-08-05 06:40 ET – News Release
Mr. Michael Konnert reports
VIZSLA DRILLS 1,541 G/T SILVER EQUIV. OVER 2 METRES AND 261 G/T SILVER EQUIV. OVER 22.6 METRES AT PANUCO, MEXICO
Vizsla Resources Corp. has released additional drilling results from the Napoleon vein corridor at the Panuco silver-gold project in Mexico. A total of 16 holes have been completed to date at Napoleon with results from three new holes reported in this release. The high-grade intersection is from the deepest hole drilled to date (over 100 m below the very high grades intersected in NP-20-07). Importantly, the mineralization remains open at depth to the north and to the south.
Drilling highlights
NP-20-08:
737 grams per tonne silver equivalent (494.9 grams per tonne silver, 2.52 g/t gold, 0.51 per cent lead and 1.10 per cent zinc) over 4.5 metres from 173.5 m including:
1,541 g/t silver equivalent (1,039 g/t silver, 5.22 g/t gold, 1.04 per cent lead and 2.32 per cent zinc) over 2.0 m from 175.0 m.
Atico Mining drills 6.84 m of 19.54 g/t Au at La Plata
2020-08-05 10:33 ET – News Release
Mr. Fernando Ganoza reports
ATICO CONTINUES TO INTERCEPT BONANZA GRADES INCLUDING 6.8 METERS OF 19.5G/T AU, 224G/T AG, 12.2% CU, AND 3.7% ZN AT LA PLATA VMS PROJECT, ECUADOR
GoGold drills 29.8 m of 712.6 g/t AgEq at Los Ricos North
2020-08-05 09:42 ET – News Release
Mr. Brad Langille reports
GOGOLD INTERSECTS 29.8M OF 713 G/T AGEQ, INCLUDING 4.5M OF 4,251 G/T AGEQ IN FIRST HOLES DRILLED AT LOS RICOS NORTH
Amex drills 11.8 m of 27.7 g/t Au at Perron
2020-08-05 06:10 ET – News Release
Dr. Jacques Trottier reports
AMEX METALLURGY HOLES DELIVER CONSISTENT HIGH GRADE HEAD GRADE OF 27.70 G/T AU OVER 11.80 M IN PEM-20-001 12.70 G/T AU OVER 16.60 M IN PEM-20-002 5.65 G/T AU OVER 10.60 M IN PEM-20-003
Thanks, Cory. I have owned EXK, AG,HL, PAAS, SSRM, WPM, and AXU for many years.
Also have a lot of silver in PSLV and CEF. Go silver!
bonzo…..how to you like owning the Sprott funds……
Do you own them as a play with Sprott doing the leg work on the undiscovered groups…
to ….do you like…sorry
Jerry, the 2 Sprott funds I own do not own mining shares. They just own gold and silver bullion stored in a vault in Canada and guarded by Sgt. Preston and his great wonder dog, Yukon King. I wonder if Trudeau will seize this bullion one day? Then I’ll be sorry I did not store my bullion in Switzerland with Egon von Geez.
Ha,ha…..good on ….ok, thanks…..I think , I will pass on that one…..GOTS….
Santa Cruz remains halted.
Wonder whats happening to Santa..
Turning a little red on the screen some profit taking i suppose
Hey Matthew, have you listened to this: https://marketsanity.com/michael-oliver-gives-market-updates-on-gold-and-silver/
The train has a crazy engineer driving but don’t don your bike helmet and attempt to get off……….
Cory & Brad – Great interview today and nice catchup on (EXK) Endeavour Silver.
I’ve been a long time shareholder for years, had aggressively added earlier this year, and recently traded out of my position in full just to book profits after a wonderful run so far. I had 19 Silver stocks and have sold 2 stocks taking that down to 17 as a conservative move, but I look forward to buying back into EXK again soon, at a good price, and plan on having a core position for the duration of the bull.
Keep up the great work Brad, and may you and your team have all the success you deserve.
P.S. – I’m very excited to see things moving along with Terronera. It’s going to be a beast of a development project to bring into production, and should be a came changer for Endeavour Silver. I’m also excited about Parral in Mexico and the upcoming drilling you mentioned on Paloma in Chile.
After re-reading that I realized some may get the wrong impression from going from 19 to 17 silver stocks and that Endeavour was one of them. It’s just a very short-term move I made as a active trader and not a reflection that I like all 17 other silver stocks I hold better, because that isn’t true either. For most of this year EXK was in my top 7 of the Silver stocks I held, and was in the top 3 positions in June & July, and eventually made it to my most heavily weighted position. I then faded out of in a few moves because it had done so well, and trimmed back my ASM Avino by 3/4 because it has also done so much better than most Silver producers coming out of the March lows, and I sold SSV Southern Silver, which I bought into significantly a few months back and also had fantastic gains in it.
I just wanted to clarify that how much respect I have for the Endeavour Silver team, and their very impressive turnaround. They’ve had a rough last 2 years, but they are poised to really make up some ground and already have been. Ever Upward!
Exc thank you too for all your invaluable posts and comments, very much appreciated
long LTHM…great sector, great set up. 27% float is short. Going to double soon.