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Endeavour Silver (EXK -3.7%) gives back yesterday's gains after AuRico Gold (AUQ +1.7%) says it...

Endeavour Silver (EXK -3.7%) gives back yesterday's gains after AuRico Gold (AUQ +1.7%) says it sold its ~11.1% equity interest in the company (11M common shares). EXK had announced Q3 production increases of 33% in silver and 139% in gold Y/Y; revenues rose 34% due to the higher metal production and the partial sale of bullion inventory.
Comments (4)
  • Actually good news for EXK. They got a terrific deal for AuRico's mining property
    17 Oct 2012, 10:43 AM Reply Like
  • Was any reason given for the sale at this time? The market didn't like it.
    17 Oct 2012, 11:52 AM Reply Like
  • I have not seen the fnancials(income statement and balance sheet) of
    EXK of 2011 annual and Quaterly of 2012. Maybe that AUQ had the same idea and had no complete confidence in EXK, so took the minimum risk by selling its stake.
    17 Oct 2012, 05:48 PM Reply Like
  • http://bit.ly/R69XbA
    18 Oct 2012, 08:32 AM Reply Like
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