Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, FRANKFURT: EJD) is a mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted seven consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become a premier, mid-tier silver mining company.
The Company has two producing silver mines in Mexico, the Guanacevi Mines operation in Durango State and the Bolañitos Mines operation in Guanajuato State. In 2011 these mines produced 3.7 million ounces of silver and 21,800 ounces of gold at a forecast cash cost of $5.08 per ounce, net of by-product gold credits. Production is to rise again in 2012 to 4.3 million ounces of silver and 26,800 ounces of gold and the company expects cash costs to range between $5.50 and $6.00 per ounce. In addition, the company has a portfolio of exploration properties which will undergo exploration and drilling in 2012
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