Endeavour Silver Corp., EXK - Second Quarter, 2009 Production report of Endeavour Silver
Rochester,NY 8/03/2009 06:24 PM GMT (TransWorldNews)
Endeavour Silver Corp. announces that silver production for the Second Quarter, 2009 from the Company's two operating silver mines in Mexico, Guanacevi in Durango State and Guanajuato in Guanajuato State, totalled 578,641 ounces (oz) silver, up 12% over Q2, 2008.
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Gold production rose sharply in the Second Quarter, 2009, up 61% to 2,750 oz compared to Q2, 2008, resulting in silver-equivalent production rising 21% to 762,891 oz compared to Q2, 2008 (assuming a 67:1 silver:gold ratio based on average Second Quarter, 2009 gold/silver prices - base metals not included as silver-equivalents).
At Guanacevi, Q2, 2009 production totalled 411,617 oz silver from 53,936 tonnes (567 tonnes per day) grading 311 grams per tonne (gpt) silver and 0.64 gpt gold (11.4 oz per ton (opT) silver-equivalent), with metal recoveries into dore bars averaging 77.1% for silver and 86.2% gold. At Guanajuato, Q2, 2009 production amounted to 167,023 oz silver from 36,402 tonnes (466 tpd based on a 6 day week) grading 183 gpt silver and 1.93 gpt gold (10.0 opT silver-equivalent), and metal recoveries into dore bars averaged 77.5% for silver and 84.3% for gold.
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