EXK - Endeavour Silver says production returned to plan in Q3

Endeavour Silver (EXK) +2.9% pre-market after reporting Q3 production of 942,274 silver oz. and 10,260 gold oz., for silver equivalent production of 1.8M oz., bringing YTD production to 4.4M silver equiv. oz.Silver equivalent production was roughly flat vs. the year-ago quarter but soared 66% compared to Q2 due to the resumption of normal throughput.Consolidated silver production was lower than in the year-ago quarter due to lower silver grades from the Bolañitos and El Compas mines, and the November 2019 suspension of El Cubo operations.Endeavour says overall production returned to plan in Q3 despite a heavy rain season, after a two month shut down in Q2 following the Mexican government's mandated suspension of mining operations due to COVID-19.Endeavour's valuation is still not attractive despite a 25% drop from August highs, given that the company is trading at more than 20x forward earnings, Taylor Dart writes in a recent analysis posted on Seeking Alpha.

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Endeavour Silver says production returned to plan in Q3