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) 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.
Endeavour Silver Corp. has announced a definitive agreement to sell its wholly owned subsidiary, Minera Oro Silver de Mexico, to Grupo ROSGO for $5 million. The deal involves an initial payment of $250,000 and subsequent instalments totaling $4.75 million over five years, with payments secured by shares of the subsidiary. CEO Dan Dickson stated this sale streamlines Endeavour’s project portfolio, allowing more focus on growth projects like Terronera and Pitarrilla. The company is actively enhancing its position in the precious metals sector.
Endeavour Silver Corp. has reported promising drill results from its Parral project in Chihuahua, Mexico, indicating significant resource expansion potential. The drilling program, which has exceeded 8,100 meters in 23 holes since April, aims to define and extend mineralized zones along the Veta Colorada structure. Key highlights include silver grades of up to 5,600 gpt and lead and zinc values contributing to silver equivalent grades exceeding 6,000 gpt. The focus ahead will be on exploring further northern structures and continuing surface mapping for new discoveries.
Endeavour Silver Corp. has appointed Rex McLennan as the new Chairman of the Board following the unexpected passing of former Executive Chairman Bradford Cooke. McLennan, who has served as a Director since June 2007 and as Lead Director since May 2021, has significant experience, including C-level roles at Viterra and Placer Dome. McLennan's leadership is expected to guide Endeavour as it develops its high-grade silver-gold mines in Mexico.
Endeavour Silver Corp. announced the sudden passing of its founder and Executive Chairman, Bradford Cooke, at the age of 67. Cooke was an influential figure in the metals and mining sector, credited with establishing the company in 2003 and leading its development of high-grade silver-gold projects in Mexico. His extensive career as a geologist and his commitment to corporate social responsibility significantly shaped the company’s culture and operations. Endeavour intends to honor his legacy while continuing to advance its mining projects.
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) reported strong operational performance for Q2 2022, with silver production exceeding plans by 15%. The company raised its 2022 production guidance to 7.6 - 8.0 million silver equivalent ounces. Despite this, Q2 revenue fell by 35% to $30.8 million due to withholding 1.6 million ounces of silver in inventory amid declining prices, resulting in a net loss of $11.9 million. Cash costs were reported at $10.08 per ounce, while all-in sustaining costs were $19.56. The company maintains a healthy cash position of $116.2 million.
Endeavour Silver Corp. (EXK) reported Q2 2022 results, showcasing strong production with 1.36 million oz of silver, exceeding plans by 15%. The company increased production guidance to 7.6 – 8.0 million silver equivalent ounces. However, revenue fell 35% to $30.8 million due to metal sales withholding linked to lower prices. This led to a net loss of $11.9 million or $0.07 per share. Operating costs remained stable at $10.08 per oz, despite inflationary pressures. Holding over 1.6 million oz in inventory, management expects future sales at better prices.
Endeavour Silver Corp. (NYSE: EXK) reported a strong Q2 2022, producing 1,359,207 ounces of silver and 9,289 ounces of gold, surpassing its 2022 production guidance. Total silver equivalent production reached 2.1 million ounces, driven by exceptional ore grades at the Guanacevi mine. The company holds significant bullion inventory, including 1,399,355 ounces of silver. Endeavour's positive outlook for precious metals remains unchanged amidst market challenges. The company also announced the acquisition of the Pitarrilla Project, enhancing growth potential.
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