Stock Guru Profile – Endeavour Silver Corp. Home Page
Endeavour Released its Third Quarter Report for 2006 in November of 2006. These results are quite simply good, straight forward and unambiguous.
Highlights in the Third Quarter Nine Months 2006 were as follows:
Operating Highlights Third Quarter Nine Months
– Silver Production 983,366 oz
– Plant Throughput 83,591 tonnes
– Mine Output 118,194 tonnes
– Metal Recoveries 79.9% Silver
Financial Highlights Third Quarter Nine Months
– Gross Revenues US$ 9.7 million
– Operating Cash Flow US$ 5.0 million
– Operating Earnings US$ 3.5 million
Corporate Highlights
– Balance sheet has never been stronger, with working capital of US$41.9 million, after closing a US$4.5 million financing from special warrant over-subscription.
– Also raised US$1.9 million from warrant exercise by Industrias Penoles who now hold 5% of Endeavour’s issued shares.
– Acquired remaining 49% interest in Guanacevi Plant through purchase of Metalurgica Guanacevi SA de CV.
– Expanded into second major silver district in Mexico, through acquisition of Minas Nuevas and other exploration properties in Parral, Chihuahua, Mexico
– Reported exceptional drilling results from Porvenir mine, including 324 gpt silver over a 45.2 m length and 3898 gpt silver over a 1.0 m length.
Stock Guru finds this mining company to be on track for bigger things. They have every single solitary thing that it takes, and in unison they work like a charm, a silver charm. They have a strong balance sheet, a producing property, efficient mill. They have it all.
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.
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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