Silver Producer Focused on Growth - Mexico

Three producing silver mines/mills in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo in Guanajuato. Production forcast for 2013: 8M Oz Eq @ 8-9$/Oz

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Message: BRIEF-Endeavour Silver Q2 Loss Per Share $0.08

 

2019-08-08 06:52:45 AM ET (Reuters)
   
   

Aug 8 (Reuters) - Endeavour Silver Corp:

* ENDEAVOUR SILVER REPORTS SECOND QUARTER, 2019 FINANCIAL RESULTS; CONFERENCE CALL AT 10AM PDT (1PM EDT) TODAY

* Q2 REVENUE $29.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $29.1 MILLION

* Q2 LOSS PER SHARE $0.08

* Q2 EARNINGS PER SHARE ESTIMATE $-0.06 -- REFINITIV IBES DATA

* REVISED 2019 PRODUCTION AND COST GUIDANCE

* ENDEAVOUR - ANTICIPATES 2H PRODUCTION TO BE HIGHER THAN FIRST HALF PRODUCTION AND SECOND HALF COSTS FORECASTED TO BE LOWER THAN FIRST HALF COSTS

* 2019 FULL YEAR PRODUCTION IS EXPECTED TO BE LOWER THAN ORIGINAL 2019 GUIDANCE

* ENDEAVOUR SILVER - QTRLY SILVER PRODUCTION DECREASED 22% TO 1.1 MILLION OZ

* 2019 COSTS ARE ANTICIPATED TO BE HIGHER THAN ORIGINALLY ESTIMATED.

* ESTIMATES ITS CONSOLIDATED CASH COST WILL BE $10-11 PER OZ SILVER FOR 2019

* QTRLY SILVER OZ SOLD DECREASED 13% TO 1.1 MILLION OZ

* QTRLY GOLD PRODUCTION DECREASED 30% TO 9 ,558 OZ

* BULLION INVENTORY AT QUARTER-END INCLUDED 68,559 OZ SILVER AND 247 OZ GOLD

* FY ALL-IN SUSTAINING COST IS ESTIMATED TO BE $17-18 PER OZ SILVER

* CONCENTRATE INVENTORY AT QUARTER-END INCLUDED 49,562 OZ SILVER AND 1,656 OZ GOLD

* QTRLY GOLD OZ SOLD DECREASED 32% TO 9,416 OZ Source text for Eikon: Further company coverage:

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