Production
Exploration
Operating Mines - Endeavour Silver Corp. has two producing silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato mines in Guanajuato State.
In 2010 these mines produced 3.3 million ounces of silver and 17,00 ounces of gold at a cash cost of $5.71 per ounce, net of by-product gold credits. Production is forecast to rise again in 2011 to 3.7 million ounces of silver and 19,000 ounce of gold and the company expects to continue to drive cash costs lower, down to $5.50 per ounce.
In addition, the company has a portfolio of exploration properties which will undergo exploration and drilling in 2011.
Growth Plans - Endeavour has made significant investments at Guanacevi and Guanajuato to expand the plant capacities to 4.4 million oz silver per year, and the Company is now focused on expanding the mines to full capacity. The Company plans additional growth by exploration and development of its existing properties and is actively looking for acquisitions with existing or near term silver production.
In 2010 these mines produced 3.3 million ounces of silver and 17,00 ounces of gold at a cash cost of $5.71 per ounce, net of by-product gold credits. Production is forecast to rise again in 2011 to 3.7 million ounces of silver and 19,000 ounce of gold and the company expects to continue to drive cash costs lower, down to $5.50 per ounce.
In addition, the company has a portfolio of exploration properties which will undergo exploration and drilling in 2011.
Growth Plans - Endeavour has made significant investments at Guanacevi and Guanajuato to expand the plant capacities to 4.4 million oz silver per year, and the Company is now focused on expanding the mines to full capacity. The Company plans additional growth by exploration and development of its existing properties and is actively looking for acquisitions with existing or near term silver production.