After the end of the quarter, mining operations were suspended from April 1 to April 30, according to Mexican government regulations, to prevent the further spread of the COVID-19 pandemic. Only the most necessary personnel remain at the production sites to ensure safety and protect the equipment. With the final effects of the shutdown currently uncertain, Endeavor has withdrawn its 2020 production and cost targets until further notice.
Important highlights for the 1st quarter of 2020- Production met the targets:
The combined silver and gold production in the 1st quarter of 2020 corresponded to the targets for 2020 before the shutdown. During the quarter, the average gold price was above the target ($ 1450 an ounce), while the average silver price was well below target ($ 17 an ounce).
Guanacevi was above plan: the tonnages processed, the silver and gold content and the yield were well above plan. The operational turnaround and the transition to mining in the new, more mineralized ore bodies El Curso, Milache and SCS were almost implemented in the first quarter of 2020.