Endeavour Silver posts net loss of $1.1M in Q2 as inflation and foreign exchange weigh in silver
- Endeavour Silver today reported Q2 2023 production of 1,494,000 oz of silver and 9,819 oz of gold for 2.3 million oz silver equivalent, tracking in-line with guidance.
Endeavour Silver explained that the increase in the cost of sales compared to the prior period was driven by significantly higher silver ounces sold in the current period, a strengthened Mexican Peso and higher labour, power and consumables costs, “…as the company, as well as the industry, has experienced significant inflationary pressures.”Importantly, Endeavour Silver said it realized a net loss for the period of $1.1 million after an income tax expense of $5.2 million .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold, silver down amid rising bond yields, hawkish Fed-speakSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Monday's Charts for Gold, Silver and Platinum and Palladium, August 7Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Read more »
Price pressure on gold, silver amid higher USDX, rising bond yieldsSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Tuesday's Charts for Gold, Silver and Platinum and Palladium, August 8Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Read more »
Weak China data sinks gold, silver marketsSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
The real reason for gold and silver's declineKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »