Stocks in play: Endeavour Silver Corp.
Announced its consolidated production and cost guidance and its capital and exploration budgets for 2023. All dollar amounts are in U.S. dollars. In 2023, silver production is expected to range from 5.7 to 6.3 million ounces (oz) and gold production is expected to be between 36,000 oz and 40,000 oz. Silver equivalent production is forecast to total between 8.6 million and 9.5 million oz at an 80:1 silver:gold ratio. Consolidated cash costs and all-in sustaining costs (“AISC”) in 2023 are estimated to be $10.00-$11.00 per oz silver and $19.00-20.00 per oz silver, respectively, net of gold by-product credits. Consolidated cash costs on a per ounce basis are expected to be similar to 2022 and AISC slightly lower as comparable sustaining capital, exploration and general and administrative costs will be allocated over increased production. Endeavour Silver Corp. shares T.EDR are trading up $0.03 at $4.75.
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