Endeavour Silver | Q: Your guidance in 2015 is for lower silver production this year. Endeavour has been one of the fastest growing silver producers for many years, so is this a change of strategy or a temporary reduction?

Q: Your guidance in 2015 is for lower silver production this year. Endeavour has been one of the fastest growing silver producers for many years, so is this a change of strategy or a temporary reduction?

A: Endeavour established an enviable track record for accretive growth over its first 11 years of operations by buying small mines in historic districts, bringing the money and expertise needed to turn them around from losing money to making money, and making new discoveries that could be fast-tracked to production. However, Guanaceví and Bolañitos are now mature mines operating at capacity with short mine lives, so this year we plan to reduce production at Bolañitos while we model our next phase of growth at El Cubo and San Sebastián. Therefore, this is not a change of strategy, just a transition period as we prepare to expand El Cubo and build San Sebastián.

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Your Questions, Our Answers

Q: Your guidance in 2015 is for lower silver production this year. Endeavour has been one of the fastest growing silver producers for many years, so is this a change of strategy or a temporary reduction?