Q: Hi 5i,
Could I get your thoughts on EDR's earnings?
It looked to me that they were pretty flat compared to last year even though they had lowered production costs and were selling at better commodity prices. Management mentioned they had slowed production at the start of 2016 which impacted the revenues, however. They also re-affirmed growth opportunities with 3 new mines they would like to begin work on in 2017. Earnings were not impressive by any means, but I cannot understand the 22% drop over them (although silver being down $.70 today will not help). Could I get your comments please.
Could I get your thoughts on EDR's earnings?
It looked to me that they were pretty flat compared to last year even though they had lowered production costs and were selling at better commodity prices. Management mentioned they had slowed production at the start of 2016 which impacted the revenues, however. They also re-affirmed growth opportunities with 3 new mines they would like to begin work on in 2017. Earnings were not impressive by any means, but I cannot understand the 22% drop over them (although silver being down $.70 today will not help). Could I get your comments please.
