ENDEAVOUR SILVER $7.67 - Toronto symbol EDR

ENDEAVOUR SILVER $7.67 (Toronto symbol EDR; TSINetwork Rating: Speculative) (1-877-685-9775; www.edrsilver.com; Shares outstanding: 87.8 million; Market cap: $673. million; No dividends paid) operates the Guanacevi and Guanajuato silver/gold mines in Mexico.

Endeavour is now buying two more properties in Mexico, the El Cubo mine and the Guadalupe y Calvo exploration project, from AuRico Gold (symbol AUQ on Toronto). Endeavour will pay $100 million in cash and $100 million in stock.

Under the deal, AuRico is also entitled to an additional $50 million in cash payments if certain events occur during the first three years after the sale closes.

These new properties are expected to increase Endeavour’s 2012 silver production by at least 12%, to 4.8 million ounces. They will also nearly double the company’s silver reserves.

Endeavour is still a buy for aggressive investors.

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