Vancouver, Canada – April 11, 2017 – Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports its production results for the First Quarter, 2017 from the Company’s three silver-gold mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Silver production in the First Quarter, 2017 was 1,076, 974 ounces (oz) and gold production was 11,724 oz resulting in silver equivalent production of 1.9 million oz using a 70:1 silver gold ratio.
Production was lower in Q1, 2017 compared to Q1, 2016 due to significant differences in the annual mine plans. Last year, production was highest in Q1 and lowest in Q4 due to the decision at low metal prices in January 2016 to cut spending on exploration and development at all three mines, which reduced mine access to reserves and therefore reduced metal production. Operational issues at the Guanaceví mine also had an impact on production in the second half of 2016.
Production in 2017 is expected to rise throughout the year. Over the past nine months, management has implemented operational changes and made investments to improve the pumping, ventilation and electrical systems at Guanaceví to remediate the operational challenges encountered in 2016. Exploration and development programs resumed last July in order to steadily regain full mine access to the reserves.