Endeavour Silver Corporation (EXK) sets another new record for quarterly mine production and produces 826,439 oz Silver (Up 41%) and 4,461 oz Gold (Up 61%) in the second quarter of 2010.

An amazing effort from the team at Endeavour, they keep setting records and then surpassing them, music to our ears. This is a quote from the chief Operating Officer:

Godfrey Walton, President and COO, stated, “Endeavour delivered yet another record for quarterly silver production in Q2, 2010, maintaining our track record for exceptional organic growth. We are now well ahead of our 3.1 million oz silver production forecast for 2010, notwithstanding the fact that our 2010 capital expansion programs have not yet been completed.”

“Once this year’s capital programs (including a plant upgrade and expansion of the crushing, filtration and Merrill Crowe circuits at Guanacevi) are completed this quarter, Guanacevi production should rise to 1,000 tpd as the new Porvenir Cuatro and Santa Cruz mines come into production. In a similar manner, once the new Lucero South access ramp and ventilation shaft are completed this quarter, Guanajuato production should also enjoy incremental improvements in tonnages, grades and recoveries.”

We politely draw your attention to the words ‘well ahead of our 3.1 million oz silver production forecast for 2010′ as there are not too many silver producers out there that are ahead of their schedule. Do some back checking of your silver producers and see if they too are hitting the targets that they have forecast. If you are getting a constant stream of hard luck stories you may want to re-evaluate your portfolio.

Now, spare a few minutes and watch this interesting video compiled by Brad Cooke, Chairman and Chief Executive Officer, please click here.

On Endeavour’s web site there is also a short article entitled ‘Silver Fundamentals‘ which is also worth a read especially for those who are now considering this tiny sector with the view to including silver as part of their portfolio.

Endeavour Silver Corporation is appearing on a screen near you as the company trades on three stock exchanges as follows:
(TSX: EDR) (NYSE-AMEX: EXK) (DB-Frankfurt: EJD)

Have a good one.

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