IKN

More matter with less art

Endeavour Silver (EDR.to) (EXK) 1q12 production numbers

The NR out today carrying the 1q12 figures here

Silver production development chart here:

Gold production development chart here:

(note that Guanajuato’s revenue mix is less than 60% silver and more than 40% gold these days, using $30/oz Ag and $1500/oz Au).

Inventories carried here:

EDR carried inventory
Qtr inventory Au Oz inventory Ag Oz
4q12 5,400 980,000
1q12 3,927 925,100
source: EDR filings

Overall personal impression: Not sparkling numbers but not bad, either. Best quick summing up, “in line”. I’ll be interested in the cash costs figure EDR posts come the 1q12 results day though, as the company is guiding at $6/oz Ag for 2012, post Au credit. So on the one hand you have that boosted gold production number helping keep things under control, on the other you have the general cost creep in the sector.If EDR can keep to $6/oz I’ll be more interested in the company, until then no position being taken.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.