UPDATE 1-Endeavour Silver posts Q1 profit as production rises

* Q1 EPS $0.03 vs loss/shr $0.03 yr ago

* Q1 revenue up 115 pct at $18.2 mln

* Q1 gold production up 62 pct; silver up 34 pct

May 10 (BestGrowthStock) – Endeavour Silver Corp (EDR.TO: ) posted a
quarterly profit, buoyed by higher production and prices, but
said it expects net earnings to decline in the second-quarter
as exploration spending increases.

For the second quarter, the company expects higher gold
production and prices.

For the first quarter, net income was $1.7 million, or 3
cents per share, compared with a net loss of $1.7 million, or 3
cents per share, a year ago.

Gold production soared 62 percent to 3,775 ounces, while
silver production for the quarter rose 34 percent to 766,210
ounces.

Revenue more than doubled to $18.2 million.

Two analysts were expecting the company to earn 3 cents per
share, according to Thomson Reuters I/B/E/S.

It said cash costs are expected to decrease in the second
half of the fiscal year as new ores bodies under development in
the first half enter production.

Shares of the Vancouver, British Columbia-based company
were up more than 1 percent at C$3.82 Monday morning on the
Toronto Stock Exchange.

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(Reporting by Abhiram Nandakumar in Bangalore; Editing by
Unnikrishnan Nair)

UPDATE 1-Endeavour Silver posts Q1 profit as production rises