Endeavour Silver Corp. (AMEX: EXK) is a mining company focused on silver production, reserves and resources. The company is based in Canada and operates in Mexico. Endeavour has two operating mines, Guanacevi in Durango and the Guanajuato Project in Guanajuato State.
Guanacevi is a top-five Mexican silver district located in the Sierra Madre gold and silver belt, and has produced more than 450 million oz. of silver. Endeavour chose to mine in Mexico due to the proven silver success. Mexico was the top country in the world to produce silver in 2005 with 103 million oz. Mining in Mexico offers little political risk, has an attractive mining code, and is substantially under-explored.
Endeavour has already shown strong progress and has made itself stand out above competitors. The company has high silver grades at +15 oz. per ton, high silver leverage at +90%, and significant exploration upside. Endeavour has shown demonstrated success in past productions, a strong growth profile, and strong strategic relationships that may lead to additional growth.
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