Endeavour Silver Corp. - EXK STOCK NEWS

Endeavour Silver Corp. (NYSE: EXK) has released its inaugural climate strategy report, titled "Our Climate Journey," aligning with TCFD recommendations. The report details the company's governance, strategy, risk management, and metrics concerning climate change. CEO Dan Dickson emphasized the commitment to sustainability and transparency. As a key silver producer, Endeavour recognizes the role of silver in the transition to a low-carbon economy, especially in renewable energy applications like photovoltaics. The company aims to reduce greenhouse gas emissions and integrate climate-related risks into its operations, while continuing its ESG initiatives.

Endeavour Silver Corp. (NYSE: EXK) announced strong financial results for the year ending December 31, 2022, with net revenue rising 27% to $210.2 million. The company produced 5,963,445 ounces of silver and 37,548 ounces of gold, exceeding guidance for silver equivalent production. Despite inflationary pressures, all-in sustaining costs achieved were $19.97 per ounce, below guidance. Operating cash flow before working capital changes reached $54 million, while net income fell to $6.2 million, reflecting lower realized silver prices. Development activities at the Terronera project progressed, with plans for a formal construction decision pending financing and permits.

Endeavour Silver Corp. announced the filing of two NI 43-101 technical reports outlining updated mineral resource and reserve estimates for the Guanaceví and Bolañitos projects in Mexico. The 2022 Guanaceví Report shows measured and indicated resources of 714.4 kt at a silver equivalent grade of 671.25 g/t, totaling 12,762 koz AgEq. The 2022 Bolañitos Report indicates measured and indicated resources of 453.5 kt at 102.32 g/t AgEq, totaling 4,132 koz AgEq. The estimates reflect increases in mineral resources due to exploration activities and changes in metal prices. These reports validate the company's ongoing development efforts and resource management strategy.

Endeavour Silver Corp. (NYSE: EXK) has announced its 2023 production and cost guidance, projecting silver output of 5.7 to 6.3 million ounces and gold production of 36,000 to 40,000 ounces. The company expects cash costs between $10.00-$11.00 per ounce of silver and all-in sustaining costs of $19.00-$20.00 per ounce, similar to 2022 levels. Capital budgets total $62.5 million, with $34.7 million for sustaining projects and $25.7 million for development at Terronera. The company plans to drill 30,000 meters across various projects with an exploration budget of $9.3 million.

Endeavour Silver Corp. (NYSE: EXK) announced 2022 production of 5,963,445 silver ounces and 37,548 gold ounces, achieving silver equivalent production of 9 million ounces. This exceeded guidance of 7.6-8 million ounces by 17%. In Q4 alone, silver and gold production reached 1,830,835 ounces and 10,370 ounces, respectively, a 27% and 10% increase year-over-year. Production was bolstered by the Guanaceví mine's strong performance and increased throughput. Company highlights include reduced metal inventory and progress at the Terronera project, alongside a positive outlook for future growth.

Endeavour Silver Corp. (NYSE: EXK) has filed a technical report on the Pitarrilla project in Mexico, indicating significant mineral resources. The report confirms nearly 600 million ounces of silver, with total Indicated resources of 491.6 million ounces silver and 693.9 million ounces of silver equivalent. The acquisition of the project for US$70 million enhances Endeavour's growth potential as it plans to invest at least US$10 million in exploration over five years, exploring various mining options.

Endeavour Silver Corp. (NYSE: EXK) reported Q3 2022 results featuring silver production of 1.46 million ounces, a 12% increase over Q3 2021, and a net loss of $1.5 million, or $0.01 loss per share. Revenue totaled $39.7 million, a 15% growth year-over-year, despite declining metal prices. Operating costs remained in line with guidance, with cash costs of $10.32 per ounce. The company emphasized the ongoing development of the Terronera project and the acquisition of the Pitarrilla project, viewed as crucial for future growth.

Endeavour Silver Corp. (NYSE: EXK) announced strong Q3 2022 production, achieving 1,458,448 silver ounces and 9,194 gold ounces, equating to 2.2 million silver equivalent ounces (AgEq). Year-to-date, total AgEq production reached 6.3 million ounces, trending towards its annual guidance of 7.6-8.0 million AgEq ounces. Key highlights include improved ore grades, successful exploration at Guanacevi, and the acquisition of the Pitarrilla Project. However, financial pressures persist due to lower metal prices and inflation impacts.

Endeavour Silver Corp. announced positive drill results from its ongoing program at the Guanacevi Mine in Mexico, focusing on the Santa Cruz vein. The 2022 drill results revealed high-grade mineralization, including drill hole UCM-102 with 3.50 gpt Au and 1,150 gpt Ag for a total of 1,430 gpt AgEq over a 1.16 m ETW. Notable discoveries also extended to the Porvenir Dos orebody. The results indicate a growth in resources and improved mine planning, affirming the company's objective to delineate resource extensions and enhance operational efficiency.