Endeavour Silver (EXK) reported its Q1 2020 financial results. Many key indicators deteriorated; however, what is important, the production costs declined significantly. Unfortunately, not enough for Endeavour to generate profit at the current metals prices. Moreover, the Q2 results should be even worse, due to the impacts of the coronavirus-related mine suspensions. Endeavour's mines suspended mining activities on April 1, and it is expected that they will be restarted only on May 18. As a result, Endeavour was forced to make a $23 million equity financing in order to boost its cash position.
In Q1,