Endeavour Silver Corp. (NYSE:EXK) saw a 15.20% surge in stock price last week, closing at $9.93. The increase mirrored the rise in silver prices, which climbed 5.81% to $56.5003 on Friday. Traders are positioning for a potential interest rate cut on December 10, which could benefit precious metals like silver and gold.

In other news, EXK announced plans to sell its Bolañitos silver and gold mine project for $50 million to Guanajuato Silver Company Ltd. The agreement includes the acquisition of all outstanding shares of Mina Bolañitos, SA de CV, the operator of the mine in Mexico, for $0.2709413 per share.

EXK aims to focus on its Terronera and Pitarrilla projects in Mexico by selling the Bolañitos mine. CEO Dan Dickson stated that this move positions the company for sustainable growth. While EXK shows promise, some believe that certain AI stocks offer greater potential for higher returns with less downside risk.

Read more at Yahoo Finance: Endeavour (EXK) Soars 15% on Silver Boost