Coronavirus company news summary: Endeavour Silver posts strong quarterly output – Quebec mining sector exempt from new restrictions – LPI resumes lithium exploration in Australia

8 January 2021 (Last Updated January 8th, 2021 09:33)

8 January

Endeavour Silver’s output in Q4 2020 hit a two-year high as it produced 1.11 million oz of silver and 12,568 oz of gold for 2.1 million oz of silver equivalent. The company reached its yearly guidance in 2020, despite the operations at its Mexican mines being suspended for two months due to Covid-19 pandemic. The silver and gold output in FY 2020 stood at 3.51 million oz and 37,139 oz respectively for 6.5 million oz of silver equivalent.

The Quebec government announced restrictions in the province on 06 January to stop the spread of Covid-19, but mining activity in the Canadian province will continue as the industry already took measures to contain virus spread at its sites. The provincial government imposed night-time curfew and ordered the closure of non-essential workplaces in view of a second wave of Covid-19 in the country.

Lithium Power International (LPI) will recommence its lithium exploration adjacent to the Greenbushes project, located in the South West region of Western Australia, after the activity was suspended in view of Covid-19 induced restrictions and weak lithium prices last year.