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Toni Straka

Endeavour Silver Corp. (EDR:TSX, EJD:DBFrankfurt, EXK:AMEX) is a Canadian based silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Expansion programs are now underway at the high grade Guanacevi Mines Project in the state of Durango and the Guanajuato Project in the state of Guanajuato. In addition, Endeavour is actively exploring projects in Chihuahua and Michoacan states.

The company aims to grow into a top primary silver producer with 5 to 10 million ounces of silver mined per year.

Recent News

In August 2008, Endeavour reported the following [key facts from Q2 2008]:

• Mineral sales jumped by 58% to $10.1 million compared to Q2, 2007.
• Silver production rose by 20% to 517,077 oz compared to Q2, 2007.
• Mine operating earnings climbed 171% to $1.9 million compared to Q2, 2007.
• Cash costs dropped 1% to $9.62 per oz, compared to Q2, 2007, and fell 4% lower than Q1, 2008.
• Mine output, plant throughput, silver production, grades and recoveries at the Guanajuato Mines project in Guanajuato were all sharply higher and cash costs were sharply lower compared to Q2, 2007
• Overhead costs also declined, general and administrative by 22% and stock-based compensation by 80%, compared to Q2, 2007.
• Working capital at the end of Q2, 2008 was $16.8 million including $10.7 million in cash, cash equivalents and marketable securities.
• Discovered several new high grade silver zones in San Pedro area by drilling at Guanacevi Mines project in Durango.
• Extended new "3785" gold-silver mineralized zone by drilling at Guanajuato.