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(Kitco News) - Endeavour Silver (NYSE: EXK) (TSX: EDR) today reported first quarter 2023 production of 1,623,545 silver ounces and 9,342 gold ounces, for silver equivalent production of 2.4 million ounces, up 18% from Q1 2022.
The company said that its consolidated silver production increased by 23% to 1,623,545 ounces in Q1 2023 compared to Q1 2022, driven by a 27% increase in silver production at the Guanacevi mine and a 1% increase in silver production at the Bolañitos mine.
Endeavour Silver added that its gold production increased by 7% to 9,342 ounces as a 20% increase in gold production at the Guanacevi mine was offset by a 1% decrease in gold production at the Bolañitos mine.
CEO Dan Dickson commented, "The year is off to a strong start. First quarter silver equivalent production increased by 18% compared to the same period last year, as Guanacevi's elevated silver grades continue to drive increased silver production.
"Our operations team has continued to deliver safe production, consistently meeting or beating our plan. These results provide management with continued confidence to advance our development projects, knowing we have the capabilities and culture to deliver."
Endeavour Silver is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. The company is currently advancing the Terronera mine project towards a construction decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States.
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| Aura Minerals produces 53,265 gold equivalent ounces in Q1, down 9% y-o-y |
