Endeavour Silver (NYSE:EXK) (TSX:EDR) reports an update on development progress and improved operating metrics for the El Compas gold-silver project, located in Zacatecas state, Mexico.
Bradford Cooke, CEO of Endeavour Silver, commented:
“We look forward to commissioning El Compas as our fourth operating mine over the next two months.
Following the commissioning phase, the mine should generate robust economic returns at current metal prices because the two known mineralized zones, El Compas and El Orito, are relatively shallow and high grade. The operation is very scalable if we discover new orebodies or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to increase plant throughput to more than 500 tpd.”