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
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