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Endeavour Silver Q1 silver equivalent output down 8% YOY


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Endeavour Silver Q1 silver equivalent output down 8% YOY

EndeavourSilver Corp. said April 8 that its first quarter silver equivalentproduction fell below guidance, coming in at 2.71 million ounces, down 8% yearover year.

Quarterly sales were also down 19% and 3% to 1.51 millionounces of silver and 15,255 ounces of gold, respectively.

At Guanacevi, throughput was slightly behind plan due toreduced mine development as a result of a change in the mining contractor inJanuary and the company expects the operations to catch up to plan over thenext few months.

At Bolañitos and El Cubo, throughput, grades and recoveries weregenerally on plan for the quarter.

In addition, the company expects to complete the infilldrilling at Terronera by the end of this month and will switch toaggressive step-out drilling along the Terronera vein and other highlyprospective subparallel veins. The company will also conduct furtherengineering work in the second quarter as part of the Terrronerapre-feasibility study.

The company plans to focus on minimizing all-in sustainingcosts and improving after-tax free cash flow in 2016 rather than metal output.