Endeavour Silver & First Majestic Silver Positive News

Marketwire released this report yesterday on First Majestic Silver.

First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce that production in the third quarter ending September 30, 2010 increased to a new Company record of 1,920,498 equivalent ounces of silver representing a 16% increase over the previous quarter and a 76% increase over the third quarter of 2009.

The total equivalent silver production for the quarter consisted of: 1,823,370 ounces of silver, representing an 18% increase from the previous quarter; 1,248,086 pounds of lead representing a 16% decrease from the previous quarter; and 377 ounces of gold representing a decrease of 36% compared to the previous quarter. Total silver production compared to the third quarter of 2009 increased by 95%.

And on Endeavour Silver:

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 7, 2010) – Endeavour Silver Corp. (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) announced today its silver and gold production for Q3, 2010 from the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State.

Silver production totalled 797,054 ounces (oz) and gold production amounted to 4,607 oz in Q3, 2010, up 20% and 28% respectively compared to Q3, 2009. As a result, silver-equivalent production rose to 1,096,509 oz in Q3, 2010, using gold as the only silver equivalent, at a silver:gold ratio of 65:1.

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

One Response to Endeavour Silver & First Majestic Silver Positive News

  1. Pingback: Jutia Group

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