Endeavour Silver Corp (EXK) Can Double EBITDA for Every 25% Move in Silver Prices

April 23, 2014

Bradford Cooke, Founder and CEO of Endeavour Silver Corp (EXK), says he believes 2014 could be a turnaround year for precious metals. He says that will bode well for his company and its shareholders.

Endeavour is one of the most leveraged of the silver producers, and for every $1 move in the price of silver, we could see an $11 million increase in our annual earnings before tax, EBITDA,” Cooke says. “That means we can potentially double our EBITDA for every 25% move in the price of silver.”


Cooke says Endeavour Silver Corp is forecasting three years of organic growth, which he says will create shareholder value. In addition, he is anticipating stronger silver prices toward the end of this year.

“If the precious metal prices move into the next leg of the commodity cycle this year, the shares could and should outperform the metals,” Cooke says.