Endeavour Silver (AMEX:EXK) Output Up 15 Percent for Quarter

Endeavour Silver (AMEX:EXK) reported silver production was up for the sixth year in a row, with silver production for the latest quarter rising 15 percent and gold production 6 percent.

Total silver ounces mined by Endeavor for their latest quarter was 895,931 ounce, while gold production reached 4,871 ounces for the fourth quarter.

The latest figure is a record quarterly production result for silver by Endeavor.

For the year, silver production increased to 3.3 million ounces, a 26 percent gain over 2009.

Gold production on the year totaled 17,713 ounces, an uptick of 33 percent.

Endeavor said the record production total was from the expansion at their Guanacevi and Guanajuato mines in Mexico.

It appears the production projection for 2011 will be lowered when the company communicates it in the middle of January.

Endeavour closed Friday at $6.54, up $0.07, or 1.08 percent.