Endeavour Silver Corp at 121 Mining Investment London Conference Transcript
Endeavour Silver Corp. building a premier -- senior silver producer.
Our cautionary note. And this slide, is basically the entire story. Everything else is just details.
Mid-tier producer, we guided 6.5 to 7.5 million ounces of silver quill in production this year, came out of the gate with 2 million ounces in the first quarter. So already well ahead of guidance.
We have a strong financial position with $151 million cash at the end of the first quarter, $168 million working capital.
We have the best organic growth profile in the silver sector with not one, not two, but three mines that we've proposed to build over the next six years. The first one is Terronera, which was a discovery by our exploration team, currently at 89 million ounces in reserves and still growing. Because we only produce silver and gold, no copper, no lead, no zinc, we have the highest beta of our share price to the silver price at three times. And from time to time, we do pull the trigger on strategic acquisitions.
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