Welcome to our dedicated page for Endeavour Silver news (Ticker: EXK), a resource for investors and traders seeking the latest updates and insights on Endeavour Silver stock.
Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, Frankfurt: EJD) is a Canadian mid-cap silver mining company dedicated to the growth of its silver production, reserves, and resources primarily in Mexico and Chile. Since its inception in 2004, the company has consistently expanded its silver production and resources, marking seven successive years of substantial growth.
Endeavour operates three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato, and the El Compas Mine in Zacatecas. These mines are the cornerstone of Endeavour's production profile, contributing significantly to the company's output. In addition to its production assets, Endeavour Silver has strategic exploration projects in northern Chile, including the Aida, Paloma, and Cerro Marquez projects.
The company's current projects and strategic acquisitions are designed to support its vision of becoming a premier mid-tier silver mining entity. Their organic expansion initiatives at existing mines, combined with a focused acquisition strategy, underpin this growth trajectory.
Endeavour Silver emphasizes responsible mining practices and sustainability, aiming to positively impact the mining industry and the communities where it operates. The ongoing development of the Terronera Project in Jalisco state, Mexico, is a testament to this commitment. This flagship project is expected to enhance the company’s production profile further and contribute to its long-term objectives.
Financially, Endeavour Silver maintains a strong position. The company provides detailed financial reports and keeps transparency with stakeholders through regular updates and disclosures. Investors can access comprehensive financial information, including consolidated statements of earnings, position, and cash flows, on their website.
Recently, Endeavour announced its financial and operating results for Q1 2024, highlighting continued production success and financial stability. The company also engages actively with its investor base, offering conference calls to discuss quarterly results and future outlooks.
For further information, investors can contact Galina Meleger, Vice President of Investor Relations, via email at gmeleger@edrsilver.com or visit the company’s website at www.edrsilver.com.
Endeavour Silver Corp. (NYSE: EXK) has filed a feasibility study technical report for the Terronera Project in Mexico, dated October 21, 2021, with an effective date of September 9, 2021. The report, prepared by Wood PLC, complies with National Instrument 43-101 and is available on SEDAR and the company's website. Minor cost reallocations were made since the last announcement, but these do not affect economic metrics. The company continues to advance the Terronera mine project and explore further opportunities in Mexico, Chile, and the United States.
Endeavour Silver Corp. (NYSE: EXK) reported production of 1,305,399 silver ounces and 10,541 gold ounces for Q3 2021, totaling 2.1 million silver equivalent ounces. The company increased its 2021 production guidance to 7.7 – 8.0 million silver equivalents, driven by strong performance at the Guanacevi mine. Notable production gains include a 39% increase in silver production year-over-year. Additionally, the company has acquired the Bruner Gold Project for US$10 million. Operations at El Compas are suspended, but management continues to assess opportunities.
Endeavour Silver Corp. (NYSE: EXK) has completed a Feasibility Study on its 100% owned Terronera Project in Jalisco, Mexico. The study reveals enhanced financial metrics, including a 33% increase in total reserves to 7.4 million tonnes and an average annual production of 3.3 million ounces of silver and 32,874 ounces of gold over a 12-year mine life. The after-tax NPV is estimated at $174 million, with an IRR of 21.3%. The project is set to advance towards construction, pending financing and permit approvals, with an initial budget increase to $175 million for the project’s development.
Endeavour Silver Corp. (NYSE: EXK) has successfully acquired the Bruner Property in Nye County, Nevada, from Canamex Gold Corp. for US$10 million. The Bruner Gold Project, located 180 km southeast of Reno, includes mineral claims, mining rights, and permits. A historic resource estimate indicates 342,000 ounces of gold, though this is not currently classified as a resource. Endeavour plans to upgrade this estimate through drilling in 2022 and views this acquisition as a strategic move towards becoming a premier senior silver producer.
Endeavour Silver Corp. (EXK) reported strong financial results for Q2 2021, with net revenue reaching $47.7 million, a 136% increase year-on-year, driven by higher metal prices and production. Silver production was 1,073,724 oz, up 80%, while gold production rose 92% to 11,166 oz. Operating costs significantly increased, with cash costs per ounce rising 369% to $13.03. Despite this, the company maintained a robust cash position of $125.2 million and reported earnings of $6.7 million or $0.04 per share. The suspension of operations at El Compas is expected to have minimal impact on overall production.
Endeavour Silver Corp. (NYSE: EXK) announced a definitive agreement to acquire a 100% interest in Canamex Gold Corp.'s Bruner Property in Nevada for US$10 million. The property spans 1,457 hectares and is strategically located in a mineral-rich area, with historic resources estimated at 342,000 ounces of gold. The acquisition enhances Endeavour's exploration portfolio and supports its five-year strategic aim to become a leading silver producer. The deal is subject to customary closing conditions and Canamex shareholder approval.
Endeavour Silver Corp. reported strong Q2 2021 results with production of 1,073,724 silver ounces and 11,166 gold ounces, achieving a silver equivalent of 2.0 million ounces. This exceeded their 2021 guidance, totaling 3.9 million AgEq ounces year-to-date. Key highlights include the successful sale of the El Cubo mine for $15 million, management changes with Dan Dickson as the new CEO, and encouraging exploration results at key projects. The company anticipates a feasibility study for the Terronera project to conclude in Q3 2021, aiming for sustainable production amidst ongoing COVID-19 safety protocols.
Endeavour Silver Corp. (NYSE: EXK) announced high-grade silver-gold mineralization discoveries near its Terronera vein, with several structures showing promising results. Key highlights include:
- San Simon: 9.78 gpt Au and 214 gpt Ag.
- Fresno: 6.05 gpt Au and 1,056 gpt Ag.
- Lindero: 2.63 gpt Au and 25 gpt Ag.
- Pendencia: 1.09 gpt Au and 445 gpt Ag.
- Los Cuates: 1.36 gpt Au and 156 gpt Ag.
The exploration program aims for 16,000 meters of drilling by year-end, focusing on resource expansion despite ongoing Feasibility Study limitations.
Endeavour Silver Corp. (NYSE: EXK) announced significant findings from its 2021 exploration drill program at the Bolañitos Mine in Guanajuato, Mexico, targeting the Melladito and Belen orebodies. Highlights include drill hole BN-64 revealing 8.09 gpt gold and 1,044 gpt silver over a 1.0 m width, equating to 1,611 gpt silver equivalent. Drill hole BL1.5S-4 showed 4.43 gpt gold and 148 gpt silver over 2.34 m, amounting to 458 gpt silver equivalent. Continued strong results are expected as exploration progresses, according to Vice President of Exploration, Luis Castro.
Endeavour Silver Corp. (NYSE: EXK) announced the appointment of Daniel Dickson as the new CEO, emphasizing a focus on profitability, safety, and ESG principles. The company targets significant growth through its flagship Terronera mine, with a feasibility study expected this summer. Following a profitable year, Endeavour boasts a market cap of USD$1 billion. A positive outlook for silver, driven by increasing demand and limited supply, positions Endeavour favorably for future performance.
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