The Art of Patience Pays for Endeavour Silver
Under "Captain" Cooke's able command, Endeavour Silver has breezed its way through a remarkable campaign of organic growth at its pair of producing mines in Mexico. Aside from the consistent execution behind that successful growth trajectory, the achievement is remarkable for the lengthy period of research and careful deliberation that preceded this week's announcement that Endeavour will finally acquire its third producing mine. As revealed during my conversation with Cooke back in August of 2010, the company's tireless quest for mine No. 3 began more than three years ago!
Eldorado's transformational acquisition of Sino Gold certainly touched off a noteworthy and highly profitable growth spurt, but this week the company mapped out the route for an even more remarkable journey into long-term, peer-leading, and profit-multiplying growth. Because this new journey now leads our focus from China to Eastern Europe -- along the route of the legendary Silk Road -- I urge my readers to retrace this ancient trade route with me in order to examine the tremendous promise of Eldorado Gold.