(EDR : TSX, EJD : FRANKFURT and OTC: EDRGF )
Stock Guru Profile – Endeavour Silver Corp. Home Page
Endeavour Silver Corp. has a proven silver mining business and the company is positioning itself to become one of the top five primary silver producers in the world. A December Report by GFMS Group suggests a continued strong market and demand.
GFMS forecasts that mine production will increase by some 4 million oz. (125 tons) or 0.6% this year and Endeavour is a part of that.
The outlook for 2007 silver is for an increase of around 16 million oz. (500 tons) in total silver output, with strong growth predicted to continue into 2008.
Investment demand has driven the silver price higher and could take the white metal back to the US$15 level in the next few months, according to a recent report on the silver market by London-based precious metals consultants, GFMS.
More Details from GFMS
Investment demand has risen in 2006 for the third consecutive year and may well exceed a net 80 million oz. (2,500 tons) this year.
Silver has benefited from the general growth in investor interest in commodities. For example, silver now makes up 2% of the Dow Jones-AIG Index.
Private investor demand is also growing outside the more visible commodity basket products and the ETF, although volume is still modest and, especially in the U.S., bullion investors have been active on both sides of the market.
What Endeavour provides is a strong management team, a working mine, an efficient mill in a good market. This is a win/win situation. By the way, take a good look at the credentials of management and you will understand that this represents a strong team that knows what they’re doing.
Source: ENDEAVOUR SILVER CORP. and GFMS Group
Contacts: Hugh Clarke
Endeavour Silver Corp.
(604) 685-9775 or Toll Free: 1-877-685-9775
(604) 685-9744 (FAX)
Email: hugh@edrsilver.com
Website: http://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.
Disclosure: Pentony Enterprises LLC was compensated $10,000.00 for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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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