https://www.miningweekly.com
Financial|Gold|Operations
Financial|Gold|Operations
financial|gold|operations

Endeavour Silver expects to meet upper-end of guidance

12th October 2022

By: Creamer Media Reporter

     

Font size: - +

Mexico-focused Endeavour Silver said on Monday that its yearly production was trending towards the upper-end of its guidance range for the year, forecasted at 7.6-million to 8-million silver-equivalent ounces.

Consolidated silver production increased 12% year-on-year to 1.46-million ounces in the third quarter, driven by higher output from the Guanacevi mine.

Guanacevi’s throughput was 4% higher than the prior quarter, but lower than planned, owing to heavy rainfall in a short, concentrated period in September. Endeavour said that it was reviewing alternatives to increase throughput above the current 1 200 t/d capacity with changes in grinding size and leach time.

Gold production decreased by 13% to 9 194 oz, mainly owing to lower grades mined at Bolañitos. Increased gold production from Guanacevi offset the gold produced from the El Compas mine, which suspended operations in the third quarter of last year.

“The ore grades processed at Guanacevi continue to exceed plan, which has positioned the company to meet the upper end of our improved production guidance. The outperformance is well timed, as we continue to face financial pressure from lower metal prices and inflationary effects on inputs,” stated CEO Dan Dickson.

Edited by Creamer Media Reporter

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.164 0.199s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: