"“We continue to have tremendous success intersecting wide intervals of high-grade mineralization across Oculto. The highlighted intersections released today further demonstrate the continuity of high-grade gold and silver mineralization beyond the currently known western end of the Tesoro Zone."
The high prevailing silver prices did help drive big year-over-year surges in revenues, earnings, operating cash flows generated, and cash treasuries. Those good fundamentals should attract capital, especially as silver powers higher with gold.
Gold and the mining equities had a good week with gold up nicely since the close last Friday and the mining stocks as seen through the XAU. Silver was relatively flat, but both metals want to move higher.
$RZZ, $ABRA, $USAS, $BLCK, $CGAU, $F, $GBR, $MKO, $MAI, $ODV, $SAE, $SVM, $ELEF, $VZLA, $WDO
Even the second most heavily doctored economic data set can't mask surging consumer price inflation. Earnings season continues to impress, though inflation has started to show itself via input cost pressures.
Today, I am honoured to contribute my experience in overseeing Endeavour’s finances, and begin steering the company forward, focused on safe production, profitable operations and a strong culture. With our favourable outlook for silver’s fundamentals, I believe that the patience of our investors will be rewarded, and I look forward to building a strong future together in the years ahead.
“Revenue, cash flow and earnings were all sharply higher in Q1, 2021 compared to Q1, 2020. The sale of El Cubo helped boost our earnings, offset by our decisions to hold back some metal inventory from sale near the end of the 1st quarter as well as elevated general and administrative expenses.”