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BRIEF-Endeavour Silver Reports Q3 2018 Results

Published 2018-10-31, 07:00 a/m
BRIEF-Endeavour Silver Reports Q3 2018 Results
EDR
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Oct 31 (Reuters) - Endeavour Silver Corp EDR.TO :

* ENDEAVOUR SILVER REPORTS THIRD QUARTER, 2018 FINANCIAL RESULTS; CONFERENCE CALL AT 10AM PT (1PM ET) TODAY

* Q3 REVENUE $37.6 MILLION VERSUS I/B/E/S VIEW $39.4 MILLION

* Q3 LOSS PER SHARE $0.04

* Q3 EARNINGS PER SHARE VIEW $-0.01 -- THOMSON REUTERS I/B/E/S

* BULLION INVENTORY AT QUARTER-END INCLUDED 58,855 OZ SILVER AND 130 OZ GOLD

* QTRLY GOLD PRODUCTION DECREASED 5% TO 12,968 OZ

* QTRLY SILVER PRODUCTION INCREASED 13% TO 1,428,828 OZ

* FINANCIAL PERFORMANCE IN Q3, 2018 WAS IMPACTED BY LOWER METAL PRICES AND HIGHER DEPRECIATION AND DEPLETION CHARGES

* ANTICIPATES IMPROVED OPERATING AND FINANCIAL PERFORMANCE IN Q4

* ESTIMATES A 5% SHORTFALL TO 2018 CONSOLIDATED PRODUCTION GUIDANCE

* QTRLY GOLD OZ SOLD DOWN 5% TO 13,025 OZ; QTRLY SILVER OZ SOLD INCREASED 20% TO 1.5 MILLION OZ

* IN Q4, 2018, CASH COSTS ARE EXPECTED TO BE LOWER THAN CASH COSTS FOR NINE MONTHS ENDED SEPTEMBER 30, 2018

* ANTICIPATED PRODUCTION SHORTFALL AND LOWER GOLD CREDIT WILL LIKELY ALSO IMPACT CO'S ABILITY TO MEET ITS 2018 COST GUIDANCE

* DIRECT PRODUCTION COSTS PER TONNE IN Q3, 2018 INCREASED 2% COMPARED WITH 2017

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