Endeavour Silver reports production exceeded plan in Q2 2021
(Kitco News) - Endeavour Silver (TSX: EDR, NYSE: EXK) today reported production of 1,073,724 silver ounces (oz) and 11,166 gold oz in Q2 2021, for silver equivalent ("AgEq") production of 2.0 million oz.
The company said that quarterly silver equivalent production increased significantly by 85% compared to Q2 2020, when mining operations were temporarily suspended as mandated by the Mexican government to halt the spread of the COVID-19 pandemic from April 2020 to late May 2020.
Endeavour Silver pointed out that in Q2 2021, the company’s production slightly exceeded plan as higher throughput at each operation contributed to the higher production. The company noted that production continues to outpace the 2021 production guidance of 6.1-7.1 million silver equivalent ounces, totaling 3.9 million AgEq oz for the 6 months ended June 30, 2021.
According to a report, Guanacevi throughput exceeded plan and was the highest quarterly throughput since 2014 as operations continued to outperform. Bolanitos and El Compas processed tonnes were all higher compared to plan, partly offset by slightly lower grades due to normal variations in the ore body.
CEO Dan Dickson added, "In Q2, Endeavour delivered positive results in operations and exploration and is pushing to advance the Terronera project to a development decision with the completion of the Terronera Feasibility Study in Q3 2021."
Endeavour Silver is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.