Midtier miner Endeavour Silver, which owns four underground silver/gold mines in Mexico, has initiated a range of short- and long-term actions aimed at conserving cash and turning around the weak performance of the first quarter.
The NYSE- and TSX-listed miner on Monday reported a 28% decrease in first-quarter revenue to $29.1-million as its silver production fell by 21% to 1.07-million ounces, its gold output declined by 24% to 10 055 oz and metal prices were lower than a year-earlier.