Endeavour Silver reports 2018 production of 9.5M silver equivalent oz.
Endeavour Silver reports 2018 consolidated production of 5.5 million oz silver and 52,967 oz gold, for silver equivalent production of 9.5 million oz at a 75:1 silver: gold ratio. Q4 silver production was 1,386,505 oz and gold production was 13,117 oz, for silver equivalent production of 2.4 million oz. Production from the Guanacevi, Bolanitos and El Cubo mines was higher in 2018 compared to 2017 but fell short of the company's 2018 production guidance. The 7% improved production performance in 2018 compared to 2017 was due to higher mine output, silver and gold grades and recoveries at the El Cubo mine. The 7% production shortfall in 2018 compared to guidance was due to lower mine output and silver grades at Guanacevi, lower gold grades at Bolanitos and delays in achieving commercial production at El Compas. Q4 silver production decreased 4% to 1,386,505 oz, Q4 gold production decreased 10% to 13,117 oz, Q4 silver equivalent production was 2.4 million oz.