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. has announced the Board of Directors has approved the construction of an underground mine and mill at the Terronera Project in Jalisco, Mexico. The project will proceed with a senior secured debt facility of $120 million arranged by Societe Generale and ING Bank. The facility includes a term of 8.5 years, with a 2-year grace period and an interest rate of SOFR + 4.50%. Initial capital costs are estimated at $230 million, with a 21-month construction period anticipated. The project aims for initial production in Q4 2024. Despite inflationary pressures, management has optimized the project through early expenditures, which have de-risked the project and mitigated cost increases. The revised project aims for a processing capacity of 2,000 tonnes per day, with expected improvements in metal recovery rates.
Endeavour Silver Corp. (EXK) announced strong production results for Q1 2023, achieving 1,623,545 silver ounces and 9,342 gold ounces, translating to 2.4 million silver equivalent ounces, an 18% increase year-over-year. The Guanaceví mine showcased a remarkable 27% rise in silver output, driven by higher grades, while Bolañitos maintained steady performance. Despite some operational setbacks with lower tonnage throughput in February due to maintenance, production levels rebounded in March. The company reported metal sales of 1,667,408 oz silver and 9,126 oz gold, with significant inventories at quarter-end. Additionally, Endeavour is advancing the Terronera project towards construction, with ongoing financial due diligence. The Q1 2023 financial results are set to be released on May 10, 2023.
Endeavour Silver Corp. (NYSE: EXK) has filed an amended technical report for its Pitarrilla project in Durango, Mexico, dated March 15, 2023. This report addresses comments from the British Columbia Securities Commission (BCSC) following a pre-filing review. The Amended Pitarrilla Technical Report revises the original report from November 21, 2022, but shows no material changes. The amended report is accessible on SEDAR and Endeavour's website, adhering to National Instrument 43-101 standards. Dale Mah, VP of Corporate Development, reviewed and approved the report.
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.
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