SILVER: Endeavour boosts guidance 20%

MEXICO – Vancouver-based Endeavour Silver Corp. is raising its 2013 guidance for silver production by 20% to 6.0 million oz. The company has three producing underground mines – Guanacevi mine in Durango state and the Bolanitos and El Cubo mines in Guanajuato state.

Guidance for gold production is also up. Endeavour forecasts a total of 68,000 oz, 48% higher than earlier guidance and 87% more than in 2012.

On a silver equivalent basis, production will be approximately 10.0 million oz AgEq. Cash costs will remain at $9 to $10 per oz of AgEq.

Endeavour's latest corporate presentation is posted at EDRsilver.com.