Endeavour Silver Reports Fatality at El Cubo Mine
08 April 2014 - 4:25AM
Marketwired
Endeavour Silver Reports Fatality at El Cubo Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 7, 2014) -
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.
Endeavour Silver Corp.Meghan BrownDirector Investor
RelationsToll Free: 1-877-685-9775 or
604-640-4804604-685-9744mbrown@edrsilver.comwww.edrsilver.com
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