Seeking Alpha

Endeavour Silver +3% on Q1 production results

  • Endeavour Silver (EXK +3.1%) says it posted strong Q1 production results from its three operating silver mines in Mexico.
  • Total silver production rose 27% Y/Y to nearly 1.9M oz., and gold production increased 23% to 18.5K oz.; silver equiv. output gained 26% to 3M oz. using a 60:1 silver gold ratio.
  • EXK is already ahead of its production plan for the year even though it did not forecast any production growth in 2014, according to EXK CEO Bradford Cooke.
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Comments (1)
  • milo3131
    , contributor
    Comments (38) | Send Message
     
    Great numbers:) The stock is a buy right here, more importantly after Cramer and thestreet.com put a "Sell" recommendation on the stock when it went down to $4.20. This is actually a better BUY signal for every investor since Cramer and Co. serving the interest of Goldman Sachs, who recs shorting gold and silver stocks. The last time thestreet.com and Cramer had a "Sell" rec on a silver mining stock - it was PAAS at $10 a share and then the stock went up to $15.20, +50%. These guys are totally off the charts, they have been recommending heavily to people to buy FB $66...WHAT ELSE CAN WE SAY?
    10 Apr 2014, 10:13 AM Reply Like
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