Endeavour Silver feels effects of big price declines; posts Q4 loss of $115.8M

VANCOUVER – Endeavour Silver Corp. (TSX:EDR) has cited lower metals prices as well as the effect of higher taxes on its operations in Mexico among reasons for swinging to a big loss in the fourth quarter. The Vancouver-based miner says its net loss in the three months ended Dec. 31 was US$115.8 million or $1.16 per share compared with a net profit of US$14.8 million or 15 cents per share in the same 2012 period. Revenue increased two per cent to US$67.9 million on higher volume sales of silver and gold.

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