Thomson Reuters



MEXICO CITY, Jan 28 (Reuters) - Canadian miner Endeavour
Silver Corp will reduce production of the precious metal this
year by more than a quarter because of low prices, the company
said in a statement on Thursday.


Silver prices have fallen more than 70 percent since hitting
2011 highs of nearly $50 an ounce. They stood at $14.24 an ounce
on Thursday on the London Bullion Market Association's index.


Endeavour Silver projects that silver production this year
will total between 4.9 and 5.3 million ounces, down by more than
a quarter compared to 2015 output of 7.2 million ounces.


The company operates three mines in Mexico, the world's
biggest silver producer.

(Reporting by David Alire Garcia; editing by Phil Berlowitz and
Grant McCool)