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Endeavour Silver Still Has A Place In Gold Newsletter's Portfolio

|Includes: Endeavour Silver Corp. (EXK)

Long-time advocate of the investment merits of Endeavour Silver (TSX:EDR, NYSE:EXK), Brien Lundin, editor of the Gold Newsletter, has reiterated his 'hold' recommendation.

Lundin has issued ten buy recommendations for the Mexico-focused mining company since August 2005, and said in the latest edition of the influential newsletter that readers who have followed his advice should stick with the company, even in the currently tough environment for minerals company.

The company announced a US$16.5mln fund-raise at the end of November, to conduct further exploration on existing operations, advance the development of its Terronera project, and boost working capital.

Lundin said the money should tide the company over as it waits for the market to turn.

"Bottom line: Primary silver producers like Endeavour Silver still have a place in our portfolio," Lundin concludes.