Endeavour Silver Corp. Lists on the American Stock Exchange
-- Posted 26 January, 2007 | |
Endeavour Silver Corp. Lists on the American Stock Exchange
Trading Symbol "EXK"
January 26, 2007 - Vancouver, Canada - Endeavour Silver Corp. (EDR: TSX and EJD: DBFrankfurt) announces that its common shares have been approved for listing on the American Stock Exchange ("AMEX") effective at the opening of trading on January 29, 2007. The AMEX listing approval is contingent on the Company being in compliance with all applicable listing requirements on the date that it begins trading and may be rescinded if the Company is not in compliance with such standards. The Company will trade on AMEX under the symbol "EXK", and continues to trade on the TSX under the symbol "EDR" and the Deutsch Bourse Frankfurt under the symbol "EJD".
Endeavour's Chairman, Bradford Cooke, commented, "We are pleased to see that Endeavour has been approved for trading on the American Stock Exchange. Endeavour already has a strong shareholder base in the USA and listing on Amex can only help to increase our visibility and liquidity within the investment community."
Endeavour Silver Corp. is a silver mining company focused on the aggressive growth of its silver production, reserves and resources in Mexico. Company management believes that the expansion program now underway at the high grade Guanacevi Mines Project in the state of Durango should make Endeavour one of the top primary silver producers in the world.
ENDEAVOUR SILVER CORP. Per: /s/ "Bradford J. Cooke"
Bradford J. Cooke Chairman and CEO For more information, please contact Hugh Clarke Toll free: 877-685-9775, tel: (604) 685-9775, fax: (604) 685-9744, email firstname.lastname@example.org or visit our website, www.edrsilver.com. The TSX Exchange has neither approved nor disapproved the contents of this news release.
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company's filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, P.Geo. and/or Bradford Cooke, P.Geo. are the Qualified Persons for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.
Endeavour Silver Corporation (AMEX: EXK, TSX: EDR, DBF: EJD) is a small-cap silver mining company focused on the growth of its silver production, resources and reserves in Mexico. The expansion plan now underway at the high grade, Guanacevi mines project in Durango should propel Endeavour into the ranks of the top 5 primary silver producers in the world.
Endeavour stands out from other primary silver companies for its high silver grades (+15 oz. per ton), its high silver leverage (+90%), the substantial exploration upside of the Santa Cruz property (+30 million oz), the potential capacity of the Guanacevi plant and the organic growth potential of these core assets.
INVESTOR INFORMATION (as at August 1, 2006)
Warrants and Options
* Full dilution would add another CA $36 million to the treasury.
Santa Cruz silver mine, Porvenir silver mine and Guanacevi process plant in Durango, Mexico (the "Guanacevi Mines Project")
Demonstrated Success – Already delivered four- fold production, resource and cash-flow growth at Guanacevi in first two years of operations.
Strong Growth Profile – Additional three-fold growth over next two years through exploration and development at Guanacevi just to fill the plant to capacity.
Acquisition Growth Potential – Through replicating their business model of acquiring closed silver mines that require an injection of capital and expertise in order to re-open.
High Grade, High Leverage Ores – High grade (+400 gptAg) silver ores highly leveraged (>90% of revenue) to silver price.
Strategic Relationships – Through Endeavour’s Strategic Alliance with Peñolesand other senior companies, Endeavour can acquire select mining properties in Mexico.
Experienced Exploration & Mining Team – Track record of finding, building, and operating profitable mines.
Mexico: History Rich In Silver
Top silver producing country in the world, 103 million oz in 2005.
Four hundred year culture of silver mining, dating back to the Spaniards
Low political risk, modern growing economy and attractive mining code
Substantially under-explored by modern companies and methods.
Guanacevi A Top 5 Mexican Silver District
Located in the Sierra Madre gold and silver belt, the Guanacevi district has produced over 450 million oz silver.
Location: Excellent Access & Infrastructure
Paved road access, state power grid and all modern amenities.
Mine: Fully Mechanized Underground Mine
Porvenir is the only significant mine operating in the Guanacevi district.
Ore: High Silver Grades, Leverage
High silver grades >400 gptover robust vein widths (2-10m)>90% of the ore value is silver
Silver vs. Gold
Silver typically follows gold higher, but is more volatile.
Silver/Endeavour: Price Comparison
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