Endeavour Sil - EXK STOCK NEWS

Endeavour Silver has announced the acquisition of the Pitarrilla project in Durango, Mexico, from SSR Mining for $70 million, including $35 million in cash and $35 million in Endeavour shares. The Pitarrilla project is one of the world's largest undeveloped silver projects, boasting a measured and indicated resource of 525.27 million ounces of silver. This transaction aligns with Endeavour's strategy to enhance its growth pipeline and solidify its position as a leading silver producer in Mexico. The acquisition is expected to close in the first half of 2022, pending regulatory approvals.

Endeavour Silver Corp. (NYSE: EXK) reported strong production results for 2021, producing 4,870,787 silver ounces and 42,262 gold ounces, an equivalent of 8.3 million silver equivalent ounces. Fourth quarter production reached 1,443,564 silver ounces and 9,446 gold ounces. The Company exceeded its revised production guidance due to enhanced performance at its Guanacevi and Bolanitos mines. Additionally, further exploration revealed high-grade mineralization, and the company is advancing its Terronera project despite delays from COVID-19.

Endeavour Silver Corp. (NYSE: EXK) announced the appointment of Amy E. Jacobsen to its board of directors effective January 3, 2022. With over 30 years of diverse experience in the mining industry, Jacobsen has held various positions, including President of Windward Consulting and board chair at Behre Dolbear Group. She is recognized for her contributions to mining and holds qualifications in metallurgy and engineering. The company aims to leverage her expertise as it seeks to enhance its position as a leading silver producer.

Endeavour Silver Corp. (NYSE: EXK) announced positive drilling results from its Parral project in Chihuahua, Mexico. Over 14,000 meters were drilled in 59 holes, targeting the La Colorada vein, yielding impressive silver equivalent grades, including 2,846 gpt Ag and 0.65% Cu over a 0.89 m ETW. The project, acquired in 2016, aims to expand mineral resources after being suspended in 2020 due to the pandemic. Endeavour plans to continue the drilling program in 2022 to support a positive economic assessment as they work towards achieving the project's potential.

Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) announced its acquisition of 5,750,000 units of Guanajuato Silver Company Ltd. for $3,162,500 through a private placement. Each unit includes a common share and a warrant. Following this, Endeavour acquired an additional 901,224 common shares to settle a $2.5 million promissory note. Post-acquisition, Endeavour holds approximately 12.63% of GSilver's shares, potentially increasing to 13.75% if warrants are exercised. Endeavour's focus remains on long-term investment prospects and monitoring GSilver's financial health.

Endeavour Silver reports promising drill results from its Guanacevi and Bolañitos mines in Mexico. Highlights include high-grade intersections such as 3.6 gpt Au and 2,690 gpt Ag from UCM-67 at Guanacevi and 89.6 gpt Au and 880 gpt Ag from BS-04 at Bolañitos. The total drilling effort from January to October involved over 14,000 meters at Guanacevi and more than 11,500 meters at Bolañitos, demonstrating strong exploration potential. CEO Dan Dickson emphasizes the company’s commitment to extending its mine life and enhancing its position as a leading silver producer.

Endeavour Silver Corp. (NYSE: EXK) reported its Q3 2021 financial results, revealing a net revenue of $34.6 million, down 3% from Q3 2020. The company produced 1,305,399 oz of silver and 10,541 oz of gold, totaling 2.1 million oz silver equivalent. However, the company incurred a net loss of $4.5 million or $0.03 per share, primarily due to withheld metal sales and increased finished goods inventory. Operating costs per ounce rose to $8.16 for cash costs and $17.46 for all-in sustaining costs, reflecting higher direct costs. Despite challenges, the company holds significant cash resources of $101.1 million.

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.