It’s been an absolute slugfest for shareholders. But things are starting to look up for Endeavour Silver (TSX: EDR), even if the third quarter financial results on the surface don’t say it.
And I mean, in fairness, the headlines are ugly. A $42 million net loss on the quarter, versus a loss of $17.3 million in the year ago period. Not exactly attractive figures for an investor that is casually browsing.
But that’s why you can’t just rely on the headlines. Especially in this clickbait environment. Reading deeper, the bulk of that loss is related to losses on derivative contracts – as in, they’re paper losses. Which enabled the construction of their new flagship asset.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
