Endeavour Silver Ups 2013 Gold, Silver Production Guidance

Monday September 16, 2013 11:07 AM

Endeavour Silver Corp. (TSX: EDR)(NYSE: EXK) raised its gold and silver production guidance for 2013 to 6 million ounces of silver, up 20% from previous guidance of 5 million to 5.3 million ounces, as well as 68,000 ounces of gold, up 48% from previous guidance of 46,000-49,000 ounces. "Our Bolañitos mine has outperformed expectations this year and will produce nearly 1 million ounces more silver and 22,000 ounces more gold than originally planned, primarily due to production grades being higher than the reserve grades and higher tonnage throughputs thanks to the prolonged availability of the leased Las Torres plant near El Cubo,” says Bradford Cooke, chief executive officer of Endeavour Silver. On a silver equivalent basis, using a conversion ratio of 60:1, 2013 production is now forecast to total approximately 10 million ounces, up 37% from previous guidance of 7.3-7.8 million ounces, and a 45% increase over 2012, the company says. Endeavour produced roughly 3 million ounces of silver and approximately 35,000 ounces of gold in the first half of 2013.

By Alex Létourneau of Kitco News aletourneau@kitco.com

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