Endeavor rocks first quarter
Well, it must be a trend, kind of like follow the leader or indian running or something bt top notch miners are releasing epic quarterly reports. Last week it was Gammon Gold, today its Endeavor Silver and their 2011 Q1 report. Endeavor silver production was up 17% from the same time last year and their gold production was up 33% from the same time last year. Add to that increases in the price for both PM's, and we're talking stellar quarter. In fact,a quick breakdown of the data is here from the quarterly report.
Production Highlights of First Quarter 2011 (Compared to First Quarter 2010)
Silver production increased 17% to 900,133 oz Gold production rose 33% to 5,008 oz Silver and equivalents production escalated 20% to 1.1 million oz (at a 40:1 silver:gold ratio)
Revenues jumped 95% to $35.4 million Realized silver price rose 96% to $33.18 per oz sold (4.1% above average spot price for Q10) Realized gold price rose 28% to $1,413 per oz sold (1.9% above average spot price for Q10)
I suggest reading the report if you are in need of a pick-me-upper....good times ahead!