PHOTO: Located near Cobar, Endeavor mine has announced positive economic predictions.
Endeavor Mine in Cobar, will ramp up again after revised studies on the value of extraction doubled its worth.
The lead, silver and zinc mine has been in care and maintenance mode since 2019 when previous owners CBH Resources reduced the 161 full-time staff and 40 contractors to 71.
Current owners Polymetals Resources will now make plans to bring the mine back into production over the coming year, after a restart study demonstrated better than anticipated profitability and an increased present value of $414 million from $201 million…