The precious metals miner saw total profits jump to US$5.6mln, having posted profits of US$2mln and US$1.7mln in quarters one and two respectively.
To put that into perspective, for the same period in 2015, Endeavour recorded a loss of US$14.1mln.
Earnings per share came in at US$0.04, compared to the loss per share of US$0.14 in the same period 12 months ago.
The rising gold and silver prices have certainly contributed to the turnaround, helping to boost earnings from mine operations to US$15.2mln.
Endeavour’s commitment to reducing costs shouldn’t be overlooked though, having shaved almost US$12mln off of its direct production costs in the first nine months of 2016 compared to the same period of 2015.
Shares were unchanged at C$6.05.
Story by ProactiveInvestors