Silver Producer Focused on Growth - Mexico

Three producing silver mines/mills in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo in Guanajuato. Production forcast for 2013: 8M Oz Eq @ 8-9$/Oz

Free
Message: Temporarily Halts Work at Both of its Operations In Mexico
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Temporarily Halts Work at Both of its Operations In Mexico

posted on May 01, 2009 12:37PM
May 1, 2009
Endeavour Silver Temporarily Halts Work at Both of its Operations In Mexico Pursuant to the Mexican Presidential Decree
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2009) - Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) announces today pursuant to the Mexican Presidential decree (dated April 30, 2009) to prevent the spread of the H1N1 (Swine Flu Virus), we are temporarily stopping work at our two operations and will restart on May 6, 2009. The Presidential decree regulates that all non-essential government agencies and private businesses are ordered to cease operations until May 6th to combat the spread of H1N1 virus.

Management is putting in place a plan to pick up this lost production throughput the remainder of the year so it does not impact our annual forecast.

The company's operations are relatively isolated and we have no outbreaks of the flu at either of our locations, however management believes it is important to be proactive in the healthcare needs of our employees and to follow the legal Mexican government decree. We have provided healthcare instructions to our employees on how to protect themselves from contracting the flu.

Endeavour Silver Corp. (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted four consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become the next premier mid-tier primary silver producer.

ENDEAVOUR SILVER CORP.

BRADFORD COOKE, Chairman and CEO
9 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply