New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 4, 2014
07:56 EDTEXKEndeavour Silver povides FY13 exploration results, FY14 plans
Endeavour Silver released a review of the company's exploration results in 2013 and its exploration plans for 2014. The company's exploration drilling programs in Mexico enjoyed continued success in 2013, highlighted by the discovery of two areas of high-grade, silver-gold vein mineralization at the Bolanitos and El Cubo mines respectively in Guanajuato State, and the extension of a thick, high-grade, silver-gold vein discovery within the Terronera vein on the San Sebastian property in Jalisco State. This year, Endeavour's focus will be on brownfields exploration around the three operating mines to replace reserves, expand resources and increase mine lives in the light of the current low precious metal prices. The company will also continue exploring the Terronera discovery at the San Sebastian property. Other green-fields exploration programs have been deferred until metal prices improve. This year, the company plans to spend $10.7M on exploration, including 54,000 m of drilling in about 120 holes to test multiple brownfields exploration targets in addition to the underground mine exploration infill drilling programs and excluding capitalized property costs. In December, 2013, we completed environmental studies and filed an application to permit the development of a new mine on the San Sebastian property. In 2014 we plan to conduct further exploration, engineering and economic studies of this prospective new find.
News For EXK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 17, 2015
07:35 EDTEXKEndeavour Silver raises FY15 silver production estimate by 11%
Subscribe for More Information
07:33 EDTEXKEndeavour Silver initiates major mine expansion at El Cubo
Endeavour Silver Corp. has initiated a major expansion of its El Cubo mine in Guanajuato state, Mexico. The company plans to ramp up mine output over the next four months from 1,550 tonnes per day, the current El Cubo plant capacity, to 2,200 tpd. The additional 650 tpd of mine production at El Cubo will come primarily from the V-Asunci mine area, which has thicker mineralized zones amenable to long hole mining, and the Santa Cecilia mine area, which has narrower but higher grade veins, and will be processed at Endeavour's Bolaitos plant, located 18 kilometres away in the same district, which has available capacity and comparable circuits to El Cubo. Production at Bolaitos will be reduced by a small amount to accommodate more processing of El Cubo ore.The main reason for the mine expansion is to drive operating costs lower and generate free cash flow at El Cubo by taking advantage of the available plant capacity at Bolaitos. As a result, El Cubo will become the company's largest mine by metal production. Endeavour received the cooperation of the miners' union at El Cubo last week in finalizing a labor contract that facilitates the mine expansion and helps establish the short- and long-term viability of the mine.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use