Endeavour Silver Reports Fatality at El Cubo Mine
07 Abril 2014 - 3:25PM
Marketwired Canada
Endeavour Silver Corp. (NYSE:EXK)(TSX:EDR) regrets to report the death of an
employee on Saturday, April 5, 2014 due to a rock fall underground at the
V-Asuncion mine, part of the El Cubo mine operations in Guanajuato State,
Mexico.
The V-Asuncion mine was closed immediately and an internal investigation has
been completed. Endeavour is now working with the Mexican authorities to
facilitate their investigation of this accident. Once the investigation is
completed, Endeavour will review and implement any additional safety measures
recommended to prevent such an accident from recurring.
As this is the second fatal accident at Endeavour's mining operations in Mexico
in the last week, the Company has decided to immediately implement a full safety
retraining program at all three mines. Each mine will shut down for two days so
each shift in turn can receive a two day refresher course on safety policies and
practices. In addition, Endeavour will retain a group of safety specialists to
review the company safety programs and implement their recommendations. The
Company is already ahead of its production plan for the year so the mine
closures are not expected to impact production guidance.
Bradford Cooke, CEO of Endeavour stated, "We truly regret this accident and we
offer our sincere condolences to the family of the deceased. The safety of our
employees is a top priority for Endeavour. We have initiated stronger measures
to try and prevent such accidents from recurring, and we will continue to seek
out new initiatives to protect the health of our employees."
About Endeavour - Endeavour is a mid-tier silver mining company focused on
growing its profits, production, reserves and resources in Mexico. Since
start-up in 2004, Endeavour has posted nine consecutive years of accretive
growth of its silver mining operations. The organic expansion programs now
underway at Endeavour's three silver-gold mines in Mexico combined with its
strategic acquisition and exploration programs should facilitate Endeavour's
goal to become a premier senior silver producer.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of
the United States private securities litigation reform act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding Endeavour's anticipated
performance in 2014 and the timing and results of exploration drill programs.
The Company does not intend to, and does not assume any obligation to update
such forward-looking statements or information, other than as required by
applicable law.
Forward-looking statements or information involve known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Endeavour and its operations to be
materially different from those expressed or implied by such statements. Such
factors include, among others, changes in national and local governments,
legislation, taxation, controls, regulations and political or economic
developments in Canada and Mexico; operating or technical difficulties in
mineral exploration, development and mining activities; risks and hazards of
mineral exploration, development and mining; the speculative nature of mineral
exploration and development, risks in obtaining necessary licenses and permits,
and challenges to the Company's title to properties; fluctuations in the prices
of commodities and their impact on reserves and resources as well as those
factors described in the section "risk factors" contained in the Company's most
recent form 40F/Annual Information Form filed with the S.E.C. and Canadian
securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be
reasonable, including but not limited to: the continued operation of the
Company's mining operations, no material adverse change in the market price of
commodities, mining operations will operate and the mining products will be
completed in accordance with management's expectations and achieve their stated
production outcomes, and such other assumptions and factors as set out herein.
Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or information, there may be other factors that cause
results to be materially different from those anticipated, described, estimated,
assessed or intended. There can be no assurance that any forward-looking
statements or information will prove to be accurate as actual results and future
events could differ materially from those anticipated in such statements or
information. Accordingly, readers should not place undue reliance on
forward-looking statements or information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Endeavour Silver Corp.
Meghan Brown
Director Investor Relations
Toll Free: 1-877-685-9775 or 604-640-4804
604-685-9744 (FAX)
mbrown@edrsilver.com
www.edrsilver.com
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