Cara Community GSM: Endeavour Silver

Endeavour Silver (NYSE: EXK) (TSX: EDR) reviewed 11-13-2020

Market Cap:       $ 582.4 Million Share Price:        $3.70

Shares outstanding: 157,412,308 (Fully diluted: 165.7 M)

Cash and cash equivalents: $44.9 Million as of 30 Sep 2020

Debt: $10.7 M as of 30 Sep 2020

Current operations: Yes

Insider holdings: Low                                      Institutional:  120 institutions own about 23%

Website: erdsilver.com

https://s22.q4cdn.com/579360173/files/doc_financials/2020/q3/November-5-2020.pdf

CEO: Bradford Cook                                        HQs: Vancouver, BC, Canada

Q3 highlights:

  • Endeavour Silver produced 932,837 oz silver and 10,041 oz gold
  • Silver equivalent production = 1.8 million oz
  • Cash costs were $2.68 per silver oz with AISC stated at $17.48 net of gold
  • Earnings were $0.5 Million on Revenue of $35.6 Million, up 29% from the previous year
  • Cash flow from operations was $10.3 Million
  • Has unsold metal inventory valued at $9.0 Million

Bottom line:

  • Small silver miner with a positive outlook, looking to get bigger with a merger
  • No position, but worthy of study

https://tvc-invdn-com.akamaized.net/data/tvc_fe0c4837c3a0d7fb25d4934c9e567da3.png


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