Endeavour Silver – Ave analyst TP: US$9.37 vs EXK price $6.22. What gives?
Two weeks ago, I have the privilege of meeting Mr Godfrey Walton, President & Chief Operating Officer of Endeavour Silver Corp (“EXK”). He was very patient and detailed in his presentation as he understood that we are not exactly familiar with silver mining companies and their industry.
I found EXK quite an interesting company and decided to do a brief introductory writeup on my blog. This is my first writeup on a foreign listed company.
Description of EXK
EXK has three producing silver-gold mines in Mexico, viz. Guanacevi, Bolanitos and El Cubo. In 2012, EXK produced 4.49m ounces of silver and 38.69k ounces of gold through its three mines. Do refer to their informative website http://www.edrsilver.com/about_us/profile/and the Bloomberg snapshot below (See Figure 1) for more information. EXK is listed ...
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