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« Your Money Back If Gold Doesn’t Trade Above $1500 in 2011 | Main | Slim Pickings for Fresnillo Plc  »

Endeavour Silver Sets Another New Production Record in 4th Quarter, 2010

Endeavour Silver Corporation has once again beaten its production forecast of 3.1 million oz silver with room to spare and silver production is up 15% to 895,931 oz, with Gold Output up 6% to 4,871 oz.

bradford cooke.JPG

This quote from Bradford Cooke, Chairman and CEO, sums up just how well they are doing:

"Our mine operations teams are to be congratulated for doing a great job in 2010. Not only are the two mines operating more smoothly than ever, Guanacevi also reported its' best ever safety record, with no lost time accidents in 2010. Due primarily to the successful completion of our mine and plant expansion to 1000 tonnes per day at Guanacevi last year, Endeavour was able to deliver its 6th consecutive year of production growth in 2010."

To put these results into perspective, this is the sixth consecutive year of silver production growth, up 26% year-on-year to 3.3 million ounces of silver in 2010.

To add a little spice gold chipped in with an impressive performance, output up 33% to 17,713 ounces in 2010 compared to 2009. Using the recent silver: gold ratio of 50:1, Endeavour produced 4.2 million oz silver equivalents in 2010, up 24% compared to 2009.

To read this article in full in full please go to their site via this link
So there we have it and in our humble opinion these results bode very well for the future. Endeavour Silver closed at $6.47 yesterday.

EXK Chart 07 Jan 2011.JPG

A quick look at the chart and we can see that Endeavour Silver has more or less doubled in price since August 2010. Silver prices have come off recently with some of the fizz being taken out of stock prices.

Endeavour Silver Corporation is set up well to benefit from the silver bull market which has in our very humble opinion a long way to run, so keep an eye on them as this company offers good exposure to silver prices.

Endeavour Silver Corporation is traded in Canada, USA and Europe on the following three stock exchanges:

(DB-Frankfurt: EJD)

So they are widely available.

Over in the options trading pit, we now have 59 winners out of 61 trades, or a 96.72% success rate and we have 3 open positions which have reached their targets or thereabouts and will be closed shortly, taking back into a 100% cash position. If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.

sk chart 10 Dec 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

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