Endeavour Silver Corp. (NYSE:EXK) reached a new all-time high on Monday, with shares rising by 15.68 percent to $7.82 per share. The surge was fueled by silver’s record prices and a boost in investor funds flowing into mining stocks.

The silver mining company, Endeavour Silver Corp. (NYSE:EXK), saw its stock rally alongside other silver mining stocks as spot prices of silver hit $44.06 per troy ounce, up by 2.27 percent. Expectations of future interest rate cuts contributed to the increase in silver prices.

In the first six months of the year, Endeavour Silver Corp. (NYSE:EXK) produced 1.48 million ounces of silver and 7,755 ounces of gold, totaling 2.5 million ounces of silver equivalent. Revenues from operations saw a 46 percent increase compared to the same period last year.

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Read more at Yahoo Finance: Endeavour (EXK) Touches Fresh Record as Silver Soars to New High