Endeavour Silver Corp. (NYSE: EXK) changed 3.26% to recent value of $2.22. The stock transacted 3263104 shares during most recent day however it has an average volume of 2674.55K shares. It spotted trading -30.63% off 52-week high price. On the other end, the stock has been noted 32.14% away from the low price over the last 52-weeks.
Endeavour Silver Corp. (EXK) released recently its financial results for the Third Quarter ended September 30, 2019. The Company owns four silver-gold mines in Mexico: the Guanaceví mine in Durango state, the Bolañitos and El Cubo mines in Guanajuato state and the El Compas mine in Zacatecas state.
In Q3, 2019, while Endeavour generated lower revenue, mine operating cash flow, cash flow from operations and earnings contrast to Q3, 2018, the Company generated higher mine operating cash flow, cash flow from operations and net earnings contrast to Q2, 2019. While cash costs and all-in sustaining costs were higher contrast to Q3, 2018, cash costs were lower than Q2, 2019.
The Company stated a net loss of $6.8M in the Third Quarter, 2019 contrast to $5.5M loss in the Third Quarter, 2018, primarily Because of lower revenue partly offset by lower costs of sales. Revenue reduced 24%Because of lower production partly offset by higher realized metal prices. Mine operating cash flow before taxes(1) reduced 31% to $6.6MBecause of the lower production, while cash flow from operations before working capital changes reduced to $2.1M. Cash costs rose 30% to $11.51 per oz silver payable (net of gold credits) and all-in sustaining costs increased 33% to $21.53 per oz silver payable (net of gold credits).
Bradford Cooke, Endeavour CEO, commented, “Production in the Third Quarter 2019 was down year-on-year but we are seeing positive traction from all the operational changes we made in the past two quarters. Consolidated cash costs per oz, direct costs per tonne and net losses were all lower quarter-on-quarter thanks to the operational improvements.”
Highlights of Third Quarter 2019 (Contrast to Third Quarter 2018)
Net loss increased to $6.8M ($0.05 per share) contrast to $5.5M loss ($0.04 per share).
Cash flow from operations before working capital changes reduced to $2.1M contrast to $6.9M.
Mine operating cash flow before taxes (1) reduced 31% to $6.6M.
Revenue reduced 24% to $28.6M.
Realized silver price increased 21% to $17.52 per ounce (oz) sold.
Realized gold price increased 25% to $1,489 per oz sold.
Cash costs (1) increased 30% to $11.51 per oz silver payable (net of gold credits).
All-in sustaining costs (1) increased 33% to $21.53 per oz silver payable (net of gold credits).
Working capital reduced 14% to $49.4M contrast to $54.5M at year end.
Raised net $10.0M through the at-the-market offering.
EXK has a gross margin of -10.90% and an operating margin of -27.80% while its profit margin remained -28.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -227.80% for this year. The company has 141.91M of outstanding shares and 138.82M shares were floated in the market. According to the most recent quarter its current ratio was 3.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.33% from the mean of 20 days, -1.23% from mean of 50 days SMA and performed -2.28% from mean of 200 days price. Company’s performance for the week was 1.37%, 5.21% for month and YTD performance remained 3.26%.