Endeavour Announces Change of CFO for Health Reasons and New Appointments To Senior Operations Team
19 März 2008 - 5:39PM
PR Newswire (US)
VANCOUVER, March 19 /PRNewswire-FirstCall/ -- Endeavour Silver
Corp. (EDR: TSX, EXK: AMEX, and EJD: Frankfurt) regrets to announce
that Bill Franklin will be stepping down as CFO, effective March
31, 2008, for health reasons. Mr. Franklin has agreed to be
available as needed thereafter in a consulting capacity, subject to
his recovery to better health. Dan Dickson, CA, the Company's
current Controller, has been appointed interim CFO effective March
31, 2008, while the Company conducts a search for a permanent CFO,
for which Mr. Dickson is a candidate. Mr. Dickson previously worked
as an assurance manager for one of the big four accounting firms
before joining Endeavour in March, 2007. Endeavour is pleased to
announce the appointments of two new senior personnel to its
management team in Vancouver and operations team in Mexico.
Christine West, CGA, joins Endeavour as the new Controller based in
Vancouver. Christine brings to Endeavour some 25 years of
experience in business, including the last 3 years as the CFO for a
mining exploration company and as Controller for Nevada Pacific
Gold, which operated the El Magistral gold mine in Mexico. She
broadened her business experience at Pacific Opportunity Capital
Ltd from 1997 to 2004, culminating in the position of group
manager, where she was responsible for the accounting, budgeting,
planning and reporting activities for a group of public and private
corporate clients. Richard Downes has been appointed Mine Manager
of the Guanacevi Mines Project located in Durango, Mexico. Mr.
Downes is a career miner with over 13 years experience in
underground gold mining, both in operations and in management.
Richard speaks fluent Spanish and has relocated to Guanacevi to
focus on improving and expanding Endeavour's mining operations at
Guanacevi. Mr. Downes started his career as an underground miner
for Monarch Resources at the La Camorra Mine in Venezuela, where he
rose through the ranks to become a Mine Captain in the late 1990's.
After Hecla Mining took over Monarch Resources in 1999, Richard was
promoted to Mine Superintendent where he excelled until departing
to become the Mine Development Manager and then General Manager of
Merendon de Venezuela, a private gold mining company operating in
Venezuela. Bradford Cooke, Chairman and CEO, commented, "While we
regret to see Bill Franklin step down, his health obviously comes
first. We would like to wish him a full and speedy recovery to good
health. Endeavour welcomes Ms. West and Mr. Downes to our senior
operating team as we continue to focus on strengthening management
in order to drive Endeavour's growth. The recent appointments of
new senior personnel in the last few months should help to improve
our year on year operating performance, drive cash costs lower and
facilitate the expansion of our two operating silver mines towards
the capacities of the two process plants at Guanacevi and
Guanajuato." Endeavour Silver Corp. (EDR: TSX, EXK: AMEX, EJD:
DBFrankfurt) is a small-cap silver mining company focused on the
growth of its silver production, reserves and resources in Mexico.
The expansion programs now underway at Endeavour's two operating
mines, Guanacevi in Durango and Bolanitos in Guanajuato, coupled
with the Company's aggressive acquisition and exploration programs
in Mexico should enable Endeavour to join the ranks of top primary
silver producers worldwide. ENDEAVOUR SILVER CORP. Per: /s/
"Bradford J. Cooke" Bradford J. Cooke Chairman and CEO CAUTIONARY
DISCLAIMER - FORWARD LOOKING STATEMENTS
-------------------------------------------------- Certain
statements contained herein regarding the Company and its
operations constitute "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. All statements that are not historical facts,
including without limitation statements regarding future estimates,
plans, objectives, assumptions or expectations of future
performance, are "forward-looking statements". We caution you that
such "forward looking statements" involve known and unknown risks
and uncertainties that could cause actual results and future events
to differ materially from those anticipated in such statements.
Such risks and uncertainties include fluctuations in precious metal
prices, unpredictable results of exploration activities,
uncertainties inherent in the estimation of mineral reserves and
resources, fluctuations in the costs of goods and services,
problems associated with exploration and mining operations, changes
in legal, social or political conditions in the jurisdictions where
the Company operates, lack of appropriate funding and other risk
factors, as discussed in the Company's filings with Canadian and
American Securities regulatory agencies. Resource and production
goals and forecasts may be based on data insufficient to support
them. Godfrey Walton, M.Sc., P.Geo., President and COO is the
Qualified Person for the Company as required by NI 43-101. The
Company expressly disclaims any obligation to update any
forward-looking statements. We seek safe harbour. CONTACT: Hugh
Clarke, Toll free: 877-685-9775, tel: (604) 685-9775, fax: (604)
685-9744, email or visit our website, http://www.edrsilver.com/
DATASOURCE: Endeavour Silver Corp. CONTACT: Hugh Clarke, Toll free:
877-685-9775, tel: (604) 685-9775, fax: (604) 685-9744, email or
visit our website, http://www.edrsilver.com/
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