Endeavour Silver (END) Ready to Make Deal?

Although being somewhat coy during a recent conference call with analysts and investors, Endeavour Silver (NYSE:END) CEO Brad Cooke said when asked about M&A activities, that "We do have our irons in the fire, but there's not much more that we can say."

Even though Endeavour's takeover bid for Cream Minerals was unsuccessful, Cooke said the company is probably the most acquisitive of its peer groups, but "there aren't a whole lot of dance partners." Nevertheless, he indicated the situation has changed in the last three months.

Cooke said "we have no allergies whatsoever" to acquiring properties that offer by-product credits, in addition to its silver properties. Meanwhile, he hinted "don't be surprised if we come with something outside of Mexico soon."

Responding to a question regarding silver price forecasts, Cooke forecast the "typical summer doldrums," as well as "a very strong fourth quarter" this year.

Endeavour has predicted a silver production forecast of 3.7 million ounces this year, up from 3.3 million ounces in 2010. Last year's silver produced increased 26% over 2009.

Endeavor closed Wednesday at $11.74, falling $0.42, or 3.45 percent.





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