10:04 AM EST - Endeavour Silver Corp. : Provided the following update on its silver-gold mining operations in Mexico. In recent months, management initiated a number of measures to improve its operating and financial performance. These include changes to mine-site management and contractors, changes to employee and contractor supervision, renting used mining equipment and leasing new mining equipment, and revising the 2019 mine plans for all four mines, particularly Guanacevi. The Company has cut operating and administrative costs, reduced the employee and contractor workforce by 18% and deferred all discretionary expenditures.The immediate goal of these actions is to turn the Company around from generating losses in the first half of 2019 to generating free cash flow at current metal prices in the third quarter. Endeavour Silver Corp.
shares T.EDR are trading down $0.02 at $2.28.
