Brien Lundin, in the May, 2013, edition of the Gold Newsletter, says hold Endeavour Silver Corp., recently $4.77. Mr. Lundin said buy eight times between August, 2005, and April, 2013, at prices ranging from $1.62 to $9.43. Assuming a $1,000 investment for each buy, the $8,000 position is now worth $11,581. In mid-April, Endeavour halted operations at its El Cubo mine in Guanajuato, Mexico, after an employee was killed while working underground. Mexican authorities are investigating the incident. Meanwhile, work continues at the Guanacevi mine in Durango and the Bolanitos mine in Guanajuato. In the first quarter, the three mines produced a total of 1.48 million silver ounces, 39 per cent more than in Q1 2012. They also produced a combined 15,032 gold ounces, up 138 per cent over Q1 2012. Revenues rose 43 per cent to $69.9-million despite decreases in realized silver and gold prices. For the second quarter, Endeavour expects lower production because of construction work and the halt at El Cubo. Mr. Lundin says the company has enough time and cash to improve operations and still meet 2013 targets. He hopes such an improvement will correspond with an improvement in the precious metals markets. Hold the stock.
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