Silver Seeker Report: This Week in Mining Issue #5

Snippet: 
Endeavour Silver: Things are going from bad to worse for the higher-cost silver producer. In 2019, the company announced its El Cubo mine (which was its most profitable operation for a couple years) had become depletes of mineral reserves and it would be winding down operations until the company could drill out additional resources. This lowered output and caused an increase in companywide all-in sustaining costs (AISC). Further, due to heavy selling in silver and the company’s all-in cost structure being well above spot prices, should this continue for a prolonged period of time, it will be a cash drain. Beyond that, this week, the company completed the updated pre-feasibility study (PFS) at its Terronera silver project. Based on the preliminary economic assessment (PEA) and initial PFS, in addition to encouraging drill results after the study was completed, Terronera was to be its cornerstone asset, and by a substantial margin. Instead of publishing a summary of the PFS, Endeavour is now reviewing the study internally as it is less robust relative to the previous PFS. This could be resolved and be every bit at economic as originally thought but this in nonetheless unsettling news for the time being. | $AUY $PAAS $SILV $SVM $NEE.V $NGD $MUX $KL $GUY.TO $GCM.TO $EXK $ELY.V $GOLD $ALO $AGI

Saturday, March 21st

read more



from SilverSeek.com - Silver Price, Buying Silver, Silver News, New Silver Investor, Silver Mining Stocks, Reports, Market Updates, Commentary, Invest https://ift.tt/33Eez2x
https://ift.tt/1Opccpa
Silver Seeker Report: This Week in Mining Issue #5 Silver Seeker Report: This Week in Mining Issue #5 Reviewed by Silverforall.com on March 21, 2020 Rating: 5

No comments:

Powered by Blogger.