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Your Questions, Our Answers
Q: Do lower oil prices benefit Endeavour's operating costs?
A: Yes, but only in a small way because we are not big diesel consumers like large open pit mines and their oversized trucks. We are on the power grid in Mexico and the price of oil is subsidized and regulated in Mexico so both power and diesel prices have not moved down much in recent months. However, I should point out that all oil producing nations like Mexico have seen their currencies weaken vs the US dollar, the Mexican peso has effectively devalued 15% in recent months, and that does have a beneficial effect on Endeavour's operating costs.
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