Endeavour Silver Takes on Cost-cutting Initiatives
Endeavour Silver (TSX:EDR) has put several measures in place in order to reduce capital, operating and other costs in Canada and Mexico following a price drop in precious metals, the company announced on Wednesday (August 29). The reduced costs from revised exploration, development and mining plans are expected to boost production and reduce operating and capital costs throughout the company's fourth quarter. “Enhanced cost discipline is the prudent course of action for mining companies during times of lower metal prices, especially when investing to develop new mines. This austerity program is our proactive response to the current low metal prices,” [...]