Wednesday, March 11, 2015

Endeavour Silver Corp. - EDR.t

Endeavour Silver Corp. - EDR.t is a premier mid-tier silver mining company focused on the growth of its silver production, reserves and resources in Mexico.

On March 5, 2015 the company released Numbers

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) (FRANKFURT: EJD) announces its financial results for the year ended December 31, 2014, based on the Company's 10th consecutive year of growing silver production. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state.

The complete financial statements and Management's Discussion & Analysis can be viewed on the Company's website, on SEDAR at and EDGAR at All shareholders can receive a hard copy of the Company's complete audited financial statements free of charge upon request. All amounts are reported in US$.

Highlights of Fiscal 2014 (Compared to Fiscal 2013)

• Net loss of $74.5 million ($0.74 per share) which includes a $83.0 million impairment of the El Cubo mine compared to a loss of $89.5 million ($0.90 per share) which included a $135.1 million impairment on the Guanaceví and El Cubo mines plus El Cubo goodwill
• Adjusted earnings (loss)(1) decreased 256% to $17.2 million ($0.17 loss per share) compared to adjusted earnings of $11.1 million ($0.11 per share)
• EBITDA(1) decreased 55% to $42.6 million
• Cash flow from operations before working capital changes decreased 64% to $29.3 million
• Mine operating cash flow(1) decreased 40% to $70.5 million
• Revenue decreased 29% to $196.9 million
• Realized silver price decreased 19% to $18.76 per ounce (oz) sold (consistent with 2014 average spot price)
• Realized gold price decreased 7% to $1,273 per oz sold (consistent with 2014 average spot price)
• Cash costs(1) increased 5% to $8.31 per oz silver payable (net of gold credits)
• All-in sustaining costs decreased 8% to $16.79 per oz silver payable (net of gold credits)
• Bullion inventory at year-end of 418,564 oz silver and 1,052 oz gold, up sharply year-on-year
• Concentrate inventory at year-end of 88,518 oz silver and 1,326 oz gold, also up sharply
• Cash and equivalents decreased 11% to $31.0 million at year-end compared to $35.0 million