Stock Guru Profile – Endeavour Silver Corp. Home Page
Stock Guru is impressed with Endeavour Silver Corp. which is a small-cap silver mining company with silver production, resources and reserves in Durango, Mexico.
A good story is often an easy and short one. The story of Guanacevi is straight forward and simple. It is reflective of well managed and producing mining company. Link here for maps.
We want to closely examine the Guanacevi Mines Project:
Production – Produced .95 million oz. in 2005, forecast to produce 1.35 million oz. in 2006, and 3.0 – 3.5 million oz. in 2007.
Production Costs – Estimated cash cost of $5.00 – 4.50 in 2006 and < $4.25 in 2007.
Reserves and Resources – Reserves and Resources (NI 43-101 compliant) totalled over 14 million ounces at the end of 2005. For the end of 2006, the company has targeted a goal of 30+ million ounces of silver.
Large Plant – Modern mill undergoing expansion to increase capacity.
High Grades – 500+ grams/tonne Silver = 14.6 oz/ton
Good Widths – 3 meter average width
Local Infrastructure – Power and Water on property
– Five km to paved highway and town of Guanacevi
– Trained work force on site
Low and Manageable Risks – Known geology, grades, metallurgy and mill operation
Significant drill intercepts are shown in the attached table and the Porvenir mine longitudinal section can be found on Endeavour’s website.
http://www.edrsilver.com/i/maps/Porvenir_Colored.jpg%20
We would encourage you to link to Endeavour’s website and keep in mind that Endeavour has stated clearly and succinctly that they are dealing with known and proven geology and grades. Furthermore, the mill operation is established and proven.
Source: ENDEAVOUR SILVER CORP.
Contacts:
Endeavour Silver Corp.
Hugh Clarke
(604) 685-9775 or Toll Free: 1-877-685-9775
(604) 685-9744 (FAX)
Email: investorrelations@edrsilver.com
Website: http://www.stockguru.com/blog/www.edrsilver.com
About Endeavour Silver, Corp.: Endeavour Silver Corp. (EDR : TSX, EJD : FRANKFURT and EDRGF : PNK ) is a small-cap silver mining company focused on the growth of its silver production, resources and reserves in Mexico. The expansion plan now underway at the high grade, Guanacevi mines project in Durango should propel Endeavour into the ranks of the top 5 primary silver producers in the world. Endeavour stands out from other primary silver companies for its high silver grades (+15 oz. per ton), its high silver leverage (+90%), the substantial exploration upside of the Guanacevi mines project (+30 million oz), the potential capacity of the Guanacevi plant and the organic growth potential of these core assets.
CAUTIONARY DISCLAIMER – FORWARD-LOOKING STATEMENTS: Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are “forward-looking statements”. We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company’s filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, P.Geo. and/or Bradford Cooke, P.Geo. are the Qualified Persons for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements.
Safe Harbor Statement: All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company’s behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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