In precious metals, it has been a trying time for mine investors. Despite gains in bullion prices, gold and silver miners have lagged behind. Since January 2011, miner ETFs such as the Market Vectors Gold Miners and the Global X Silver Miners have both fallen 23%.
The company has been parking excess cash in silver and gold on a short-term basis since 2008. Instead of falling victim to the volatile silver market, Endeavour “elected not to sell a significant portion of its metal production..."