Endeavour Silver Reports Net Loss, Higher Output
(Kitco News) - Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) lists a second-quarter loss due to factors such as foreign exchange, but reports higher production than in the same period a year ago. Endeavour’s net loss was $5.7 million, or 4 cents per share, compared to $16,000 loss in the second quarter of 2017, saying this was primarily due to higher depreciation and depletion charges and a foreign-exchange loss. Revenue increased 19% to $38.8 million. Silver production increased 19% to 1,355,895 ounces, while gold production increased 5% to 13,674 ounces, resulting in silver-equivalent output of 2.4 million.