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Endeavour Silver raises 2016 production outlook

Jul. 11, 2016 10:58 AM ETEndeavour Silver Corp. (EXK) Stock, EDR:CA StockBy: Carl Surran, SA News Editor7 Comments
  • Endeavour Silver (NYSE:EXK +7.2%) says it produced ~1.55M oz. of silver & 15,649 oz. of gold in Q2, and raises its FY 2016 capex and production guidance.
  • EXK says its Q2 silver production fell 14% Y/Y, as expected, while gold production rose 17% Y/Y, saying production is well ahead of plan for the year and prompts an increase in full-year production guidance by ~13%.
  • EXK also raises its capex guidance to $17.4M from $11.3M, which includes an additional $7M on additional exploration, engineering and land acquisition, primarily at the Terronera mine in Mexico.

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