Endeavour Silver (EXK -2.9%) opens sharply lower after reporting Q1 earnings fell 27% and...


Endeavour Silver (EXK -2.9%) opens sharply lower after reporting Q1 earnings fell 27% and adjusted earnings tumbled 34%, hurt by lower realized gold and silver prices. Revenue actually rose 43% to $69.9M on 1.515M silver oz. and 15,724 gold oz. sold. Cash flow from operations slipped 8%. EXK also says it expects Q2 production to dip “slightly” before recovering in Q3 and growing in Q4.

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  • 79428
    , contributor
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    Thinking the stock price already has been driven down to reflect the decline in silver.
    7 May 2013, 02:50 PM Reply Like
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