Endeavour Silver cuts silver production by more than a quarter

Owing to the dipping price of silver, dual-listed Canadian miner Endeavour Silver plans to reduce silver production this year by more than a quarter to achieve a substantially lower all-in sustaining cost (AISC) and to generate free cash flow. In its 2016 production and cost guidance, published on Thursday, the world’s biggest silver producer reported that, while its Mexico-based Guanaceví and Bolañitos operations continued to be profitable at current metal prices, its El Cubo operation, also in Mexico, was losing money, despite the company’s successful efforts to expand the operation and reduce cash operating and AISC for three years in a row.