endeavour silver just issued a news release which describes new records in silver production, gold production, revenue...everything but profits. i own shares in endeavour, and i am patiently waiting for the company to make money, and i think they actually will be profitable next year, but that's life in the mining industry. silver standard is not alone in having start up problems, and pirquitas will be far mor profitable that any project endeavour (or just about any other company) has.

Endeavour Silver Corp. (EXK: NYSE-Amex, EDR: TSX, EJD: DB-Frankfurt, EDR.WT: TSX) announces that the Company set a new record for silver production in Q4, 2009, up 12% quarter-on-quarter to 779,345 oz silver. Gold production also jumped to a new quarterly high, up 90% to 4,591 oz gold in Q4, 2009.
Endeavour delivered its fifth consecutive year of silver production growth in 2009, up 11% year-on-year to 2.6 million oz silver. In addition, gold production rose even more sharply, up 66% to 13,298 oz gold in 2009 compared to 2008. Using the current silver:gold ratio of 62:1 (base metals not included as equivalents), Endeavour produced 3.4 million oz silver equivalents in 2009, up 21% compared to 2008.

http://www.edrsilver.com/i/pdf/2010-01-13_NR.pdf