Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Shares of Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK) were up almost 2% at $9.87 Tuesday after it announced drill results from its Bolanitos mine in Guanajuato State, Mexico.
The company said today it continues to intersect high silver and gold grades over mineable widths, extending the known mineralized zone in the Lana vein to more than 750 metres long.
The mineralization is still open for expansion, Endeavour added.
“Our exploration efforts continue to bear fruit around the Bolanitos mine,” said in a statement CEO and director Bradford Cooke.
“The Lana vein was discovered late last year when it was thought to be a splay of the La Joya vein but the drill results this year have shown it to be a separate robust mineralized vein structure.”
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