Endeavour Silver’s Q2 production surges by 22 percent

Vancouver-based company Endeavour Silver Corp reports the production of one million ounces of silver and 7,695 ounces of gold this quarter. This shows a 22 percent increase in silver output and a 59 percent increase in gold output. The company expects to meet its full-year production targets of 4.3 million ounces of silver and 26,000 ounces of gold. Despite a 24 percent decrease in the price of silver, the company's revenue rose 11 percent to $40.4 million due to the rise in production. As well as owning and operating the Guanacevi and Guanajuato mines in Mexico, Endeavor Silver Corp announced earlier this year a $250 million deal to buy AuRico Gold Inc's El Cubo silver-gold mine in Mexico. For more Economy and Business news on Mexico go to MexicoToday.Org.