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« Silver down 50 cents! | Main | Silver Stocks: Take some profits off the table? »

Endeavour Silver Corporation: Update

Endeavour Silver Corporation has issued an update on its exploration and acquisition programs in Mexico. The Chairman and CEO Bradford Cooke went on to say:

"We anticipate that Endeavour's numerous exploration programs will continue to bear fruit in Guanacevi and Parral and we are looking forward to the commencement of drilling at Bolanitos. While the Company has been quiet in recent months on acquisitions, that should change shortly."

We draw your attention to that should change shortly

The expansion programs now underway at Endeavour's two operating mines, Guanacevi in Durango and Bolanitos in Guanajuato, coupled with the Company's aggressive acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide.

Drilling programmes are well on the way with new discoveries being made on the Parral Project, Guanacevi, Bolanitos and Arroyo Seco.

To date we have made two purchases of Endeavour and have sold none of their shares. Endeavour closed yesterday at $3.30 this we see as a bargain price if you have not already made an investment. In our gold investment account we have recently taken some profits off the table, which we hope to reinvest shortly when we think that both gold and silver have corrected. Some of that cash will be going into Endeavour. For us it is a question of timing but if the waiting is too much for your nerves then buying now at the $3.30 level is still a steal in our opinion.

To read the detailed update of each mine just follow this LINK.

Endeavour Silver Corporation trades as:

EDR on the TSX
EJD on DBFrankfurt
EXK on the AMEX

So it is accessible to investors in Canada, Europe and the United States.

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Reader Comments (1)

Totally agree with this call. I still have shares bought at $5.30 and have not sold anything as I believe EDR.TO will definitely be a $10 value stock in the next 1-2 years.

Planning to purchase a lot more come Monday at $3.30.

Keep up the great site.

September 30, 2007 | Unregistered CommenterPhong

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