Wednesday November 13, 2019

Endeavor Silver (EXK)

Will El Curso Play a Role in Guanacevi's Turnaround?

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. It is also involved in exploration activities in Chile. The company is organized into three operating mining segments, Guanacevi, Bolanitos and El Cubo, which are located in Mexico as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

• Initial drilling results are encouraging.  Endeavour reported positive initial drilling results for the El Curso property adjacent to Endeavour’s Guanacevi mine in Durango, Mexico. By our calculation, weighting the grams per tonne by the interval lengths, the weighted average grades for silver, gold and silver equivalents are 671.8 grams per tonne, 1.63 grams per tonne and 802.4 grams per tonne, respectively. For a point of reference, the weighted average grade of Guanacevi’s reserves and resources, excluding silver-gold-lead-zinc mineral resources, are 312.5 grams per tonne of silver and 0.78 grams per tonne of gold.
• El Curso may play a role in getting Guanacevi to full production. Management plans to drill another 10 holes before year end 2019 and then complete an initial resource estimate. The new mineralization is expected to be included in the ...
  

  
  

  
  

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in full report.  NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.