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Endeavour Silver Corp
Symbol EDR
Shares Issued 101,456,014
Close 2014-07-25 C$ 6.42
Market Cap C$ 651,347,610
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Lundin says hold Endeavour Silver

2014-07-25 18:56 ET - In the News

Brien Lundin, in the July, 2014, edition of the Gold Newsletter, says hold Endeavour Silver Corp., recently $6.25. Mr. Lundin said buy Endeavour Silver nine times between August, 2005, and October, 2013, at prices ranging from $1.62 to $9.43. Assuming a $1,000 investment for each of the nine buys, the $9,000 position is now worth $16,568. The company is focused on expanding and defining high-grade silver zones within the L-Ascuncion area of its Bolanitos project in Mexico. Mr. Lundin reminds his readers that last year the company identified mineralization for over 800 metres in the L-Ascuncion area. With cash coming in from operations at its Guanacevi, Bolanitos and El Cubo mines, all in Mexico, the company has enough money to operate 11 surface and underground rigs to test all its properties in its portfolio. Mr. Lundin concludes Endeavour remains a hold because he thinks the company will have difficulty increasing its revenue this year.

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