Canarc’s newly appointed CEO Catalin Chiloflischi just announced a deal that has the potential to turn his company into a Mexican gold and silver producer within a very short time.
Even though the open pit mine at La Cieneguita has been profitable for several years, the Canarc/Endeavour team are certain there are room for major improvements.
When the merger is finalized, the plan is to make full use of Endeavour Silver’s experience and expertise in order to optimize the operations and increase the production.
At Gecko Research we like to follow the people, which in this case mean Catalin Chiloflischi and Brad Cooke. We currently don’t have a position in Canarc but we follow the story closely.