Issue link: http://resourceworld.uberflip.com/i/1174544
12 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 9 SILVER production of 1.8 million ounces at an 80:1 silver-gold ratio. Endeavour also has two more mines in the pipeline, including the El Compass Mine in Zacatecas, which is expected to reach the commercial production stage this year. The Terronera Project in the State of Jalisco is awaiting final permits and a pro- duction decision to become Endeavour's fifth producing mine. The company has received the final tailings permit. The company recently reported positive results from its ongoing 2019 exploration program on the Parral Project in Chihuahua, Mexico. Endeavour has completed 15 surface and underground drill holes totaling 3,160 metres and 462 underground channel samples in three blocks in the Sierra Plata Mine on the Veta Colorada vein system to date. Surface drill- ing highlights include 346 g/t silver over a 9.6-metre true width (11.1 oz/ton over 31.5 feet) in hole VCS-02. Underground drill- ing highlights include 332 g/t silver over a 13.1-metre true width (10.7 oz/ton over 43.0 feet) in hole VCU-05. Excellon Resources Inc.'s [EXN-TSX] 100%-owned Platosa Mine in Durango has been Mexico's highest-grade silver mine since production started in 2005. The company is focused on optimizing the Platosa Mine's cost and production profile, discovering further high-grade silver car- bonate replacement deposit mineralization on the 21,000-hectare property as well as epithermal silver mineralization on the 100%-owned, 45,000-hectare Evolucion property in Zacatecas, just south of Hecla Mining Co.'s [HL-NYSE] San Sebastian Mine. Excellon produced 1.9 million ounces of silver equivalent in 2018, a 27% increase from 1.5 million in 2017. First Cobalt Corp. [FCC-TSXV, ASX; FTSSF-OTCQX] has assembled a large land package of over 10,000 hectares in the his- toric Cobalt Mining Camp of northeastern Ontario. The company has divided their claims into three exploration regions; Cobalt North, Central and South and includes numerous past-producing mines. While First Cobalt is primarily targeting cobalt, the camp is famous for hosting high-grade silver along with cobalt miner- als in vein structures. First Majestic Silver Corp. [FR-TSX; AG-NYSE, Mexico; FMV-FSE] is a Mexico- focused silver producer with a portfolio of six mines. They are the San Dimas silver/ gold mine, Santa Elena silver/gold mine, Encantada silver mine, San Martin silver mine, La Parrilla silver mine and the Del Toro silver mine. In 2019, these mines are projected to produce between 14.2 and 15.8 million silver ounces at an all-in- sustaining cost of US $12.55-US $14.23 an ounce. Its asset portfolio also includes the San Dimas Mine following the acquisition of the site's former owner Primero Mining Corp. in May 2018 for $187 million in com- mon shares of First Majestic. Under a new streaming agreement, Wheaton Precious Metals Corp. [WPM-TSX, NYSE] is enti- tled to receive 25% of the gold equivalent production from San Dimas. Fortuna Silver Mines Inc. [FVI-TSX, Lima; FSM-NYSE; F4S-FSE] is a fast-grow- ing precious metals producer, operating two low-cost mines in Peru and Mexico. The San Jose Mine in Mexico is located in Oaxaca, which produced 8.0 million ounces of silver and 53,517 ounces of gold in 2018. This year, the company is fore- casting consolidated production of up to 9.0 million ounces of silver, up to 54,000 ounces of gold, up to 29 million pounds of lead, and up to 44 million pounds of zinc. GoGold Resources Inc. [GGD-TSX] is a Canadian-based silver and gold pro- ducer with operations in Mexico. Having recently sold a 2% royalty on the Santa Gertrudis Mine for US $12 million to Metalla Royalty & Streaming Ltd. [MTA-CSE; MTAFF-OTCQB; X9CP-FSE], the company's key asset is the Parral tail- ings project in Chihuahua. Goldplay Exploration Ltd. [GPLY- TSXV; GLYXF-OTCQB] continues to receive high-grade silver assays from its 100%-optioned San Marcial Porject in Sinaloa State, Mexico. Channel sampling along the walls of a historical re-opened adit at the Faisanes target encountered a high-grade silver zone that returned 6 metres grading 232 g/t silver. High-grade