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BMO Capital Markets provided color on Endeavour Silver
EXK in a research report published today. BMO Capital Markets has an Underperform rating on Endeavour Silver.
In the report, BMO Capital Markets states, "Endeavour Silver announced 2012 production guidance of 4.3Moz silver and 26koz gold, 5% and 8% higher, respectively, than BMO Research's previous forecasts of 4.1Moz silver and 24koz gold. Cash cost guidance of US$5.50-6.00/oz silver (net of by-products) was higher than anticipated, resulting in a 14% increase in BMO Research's 2012E co-product cash cost estimate."
Shares of Endeavour Silver were trading at $11.42 at the time of posting, up 4.39% from Monday's market close.
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