Silver production rose 27% from the year-ago period to about 1.9 million ounces. Gold productions grew 23% to 18,519 ounces in the quarter. Silver equivalent output increased 26% to 3 million ounces using a 60:1 silver gold ratio.
"Although we did not forecast any production growth in 2014, we are already ahead of our production plan for the year as our operations team continues to perform well," CEO Bradford Cooke said in a press release. "Management is also intent on improving our safety, financial and exploration performance in 2014 as we get ready for the next leg up in the precious metal cycle."
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TheStreet Ratings team rates ENDEAVOUR SILVER CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENDEAVOUR SILVER CORP (EXK) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself."