12:19 PM EDT, 08/03/2017 (MT Newswires) -- Endeavour Silver (EDR.TO) missed analysts expectations in the second quarter as lower production and increased exploration and development versus Q2 2016 impacted results.

Endeavour had a net loss of $16,000 ($0.00 per share) compared to net earnings of $1.7 million ($0.01 per share) in the comparable period. Revenue decreased 27% yoy to $32.7 million. The FactSet analyst estimate called for EPS of $0.01.

Cash flow from operations before working capital changes decreased 53% to $4.4 million. Mine operating cash flow before taxes decreased 49% to $8.8 million

The company's realized silver price increased 4% to $17.16 per ounce sold, the realized gold price decreased 1% to $1,270 per oz sold.

All-in sustaining costs (AISC) increased 94% to $20.46 per oz silver payable (net of gold credits).

Silver production decreased 26% to 1,143,788 oz, gold production decreased 17% to 13,058 oz. Silver oz sold down 34% to 988,821 oz, gold oz sold down 20% to 12,294 oz.

Looking forward, for the full-year, silver production is expected to be in the range of 4.8-5.2 million oz and gold production is expected to be in the 49,100-51,200 oz range. Silver equivalent production is forecast to be 8.5-9.0 million oz using a 75:1 silver: gold ratio.

All-in sustaining costs of production are estimated to be $15.25 to $16.25 per oz of silver produced in 2017.

Endeavour's shares were last down 11.8% at $3.21 apiece, a new 52-week low.

Price: 3.21, Change: -0.43, Percent Change: -11.8