Endeavour Silver production results for the Second Quarter, 2016 from the Company’s three operating silver mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Silver production in the Second Quarter, 2016 was 1,551,851 ounces (oz) and gold production was 15,649 oz for silver equivalent production of 2.6 million oz using a 70:1 silver gold ratio.
Quarterly silver and gold production were both ahead of plan in Q2, 2016 but silver production was lower compared to Q2, 2015 as per the Company’s previous 2016 guidance. Management has revised its 2016 operating plan and raised its 2016 production guidance to reflect the higher metal prices and renewed focus on growth.
Compared the production with the Second Quarter, 2015 Silver production decreased 14% to 1,551,851 oz while Gold production increased 17% to 15,649 oz.