NEW YORK (Commodity Online): As silver prices hit 31-years high this week, stocks of silver mining companies have become the most sought after destination for investors.

One silver mining stock that is the hot favourite among investors featuring Endeavour Silver Corp. (AMEX)

Endeavour Silver Corp. (EXK) is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico.

The company owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State.

EXK has posted five consecutive years of aggressive silver production, reserve and resource growth since it began operation in 2004. With organic expansion programs now underway at the Company’s two operating silver mines in Mexico combined with its strategic acquisition and exploration programs, EXK looks to become the next premier mid-tier silver mining company.

According to MicroStockProfit.com, “EXK has stated that its exploration drilling programs in Mexico met with continued success in 2010, highlighted by the discovery of new, high grade silver-gold mineralized zones near its two silver mining operations, Guanacevi Mines in Durango State, and Guanajuato Mines in Guanajuato State.”

“EXK, following an upbeat review of 2010’s exploration, unveiled its exploration plans for 2011 early this month. The Company intends to spend $9.2 million this year on its exploration and drilling program in Mexico and drill 47,000 meters in 175 holes in 2011 to test multiple exploration targets within three of the mining districts where it is currently active in Mexico,” it added.