Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Endeavour Silver Corp Q2 earnings per share $0.00

Published 2017-08-03, 07:49 a/m
© Reuters.  BRIEF-Endeavour Silver Corp Q2 earnings per share $0.00
EDR
-

Aug 3 (Reuters) - Endeavour Silver Corp EDR.TO

* Says estimates production to range from 800 to 900 Tonnes/Day at Guanacevi in H2

* Endeavour silver reports financial results for second quarter, 2017; updates on development projects and 2017 guidance

* Q2 revenue fell 27 percent to $32.7 million

* Q2 earnings per share $0.00

* Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S

* Endeavour Silver Corp qtrly realized Silver price increased 4% to $17.16 per ounce (Oz) sold

* Endeavour Silver Corp qtrly Silver production decreased 26% to 1,143,788 Oz

* Endeavour Silver Corp qtrly gold production decreased 17% to 13,058 Oz

* Says bullion inventory at quarter-end included 226,437 Oz Silver and 631 Oz Gold

* Says financial performance in Q2, 2017 was impacted by lower production and increased exploration and development activities

* Says Guanaceví mine continued to lag behind plan in quarter

* Says concluded that Guanacevi will not meet its planned production this year

* Says 2017 Silver production now expected to be in range of 4.8-5.2 million Oz and Gold production is expected be in 49,100-51,200 Oz range

* Says sees 2017 Silver equivalent production is forecast to be 8.5-9.0 million Oz

* Says reducing consolidated production guidance and raising consolidated cost guidance for year

* Says sees Guanacevi generating 1.0 to 1.1 million Silver Ounces and 2,100 to 2,200 Gold Ounces in second half of 2017

* Says all-in sustaining costs of production are estimated to be $15.25 to $16.25 per Oz of Silver produced in 2017

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.