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« Santacruz Silver Mining Ltd. (TSXV:SCZ) Follow-Up #3 | Main | Embry - Propaganda, Lies & A World Headed For Disaster »
Friday
Mar142014

Is Endeavour Silver Corp Well Positioned for 2014?

Apart from other silver miners, Endeavour Silver (NYSE: EXK  ) does not plan to grow its production in 2014. The company estimates that it will produce 6.5 million-6.9 million ounces of silver this year, while it produced 6.8 million ounces of silver in 2013. As silver prices remain depressed, production growth could have been a source of additional cash flow for Endeavour Silver. Is the company's strategy viable? 

San Sebastian project likely to deliver growth
Endeavour Silver has three operating mines in Mexico and several development projects in the country. Miners with operations in Mexico were recently hit by the new 7.5% mining tax. Endeavour Silver estimates that the tax will have an impact of $3 million at current silver and gold prices. The company has little room for maneuver as not only its operating mines, but also most of its development projects are situated in Mexico.


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