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Endeavour Silver ups its silver reserves by 11%

Vladimir Basov

Kitco News

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(Kitco News) - Endeavour Silver (TSX: EDR, NYSE: EXK) today released updated Mineral Reserve and Resource estimates for its three operating silver-gold mines and two key exploration and development projects in Mexico.

The company said that its Proven and Probable Mineral Reserves of silver increased year-on-year by 11% to 48.6 million oz, while Proven and Probable Mineral Reserves of gold remained relatively unchanged at 472,000 oz. Silver equivalent Mineral Reserves increased by 5% year-on-year to 86.3 million oz, mainly due to delineating new reserves and resources at Guanacevi.

Measured and Indicated Mineral Resources of silver decreased by 11% to 25.9 million oz and Measured and Indicated Mineral Resources of gold decreased by 2% to 222,500 oz. Silver equivalent Measured and Indicated Mineral Resources declined by 8% to 43.7 million oz, mainly due to reserve and resource reductions at Bolanitos and Compas.

Inferred Mineral Resources of silver increased by 6% to 64.4 million oz and Inferred Mineral Resources of gold decreased by 1% to 283,800 oz. Silver equivalent Inferred Mineral Resources rose by 4% to 87.1 million oz, mainly due to gains at Guanacevi and El Compas.

Endeavour Silver is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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