Welcome to our dedicated page for Endeavour Sil news (Ticker: EXK), a resource for investors and traders seeking the latest updates and insights on Endeavour Sil 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; 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.
Endeavour Silver Corp. (NYSE: EXK) has successfully acquired the Pitarrilla Project from SSR Mining for approximately $70 million, comprising both cash and stock. This acquisition strengthens Endeavour's position as a significant mid-tier silver producer and enhances its portfolio with one of the largest undeveloped silver deposits globally. The company plans to invest $1.8 million in drilling and exploration in 2022 to verify historical data and develop current resource estimates. SSR Mining now holds 4.52% of Endeavour's common shares following this transaction.
Endeavour Silver Corp. (NYSE: EXK) announced that at its 2022 Annual General Meeting held on May 12, 2022, shareholders approved all items of business. A total of 74,416,771 votes were cast, representing 43.57% of outstanding shares. All director nominees were re-elected with significant support, including Margaret M. Beck receiving 95.78% approval. Shareholders also re-appointed KPMG LLP as the company's auditor. The company continues to advance the Terronera mine project and explore other opportunities in Mexico, Chile, and the U.S.
Endeavour Silver Corp. (NYSE: EXK) announced its Q1 2022 results, reporting 1,314,955 oz of silver and 8,695 oz of gold produced, generating net revenue of $57.7 million, a 67% increase year-over-year. While net earnings decreased slightly to $11.7 million or $0.07 per share, operational cash flow surged 293% to $20.6 million. Despite facing industry-wide inflation, the company maintained strong production levels and reduced inventory significantly. Looking ahead, Endeavour plans to secure debt financing for its Terronera project and close the acquisition of the Pitarrilla project.
Endeavour Silver Corp. announced promising drill results from its Parral project in Chihuahua, Mexico, revealing significant mineralization along the Veta Colorada structure. Key highlights include drill results of up to 2,234 gpt AgEq over 0.17 m, showcasing high grades of silver and other metals. The company's ongoing exploration aims to establish a robust mineral resource base, with plans for a preliminary economic assessment by year-end. The Parral project features classic high-grade silver epithermal vein deposits and has an accessible infrastructure in a historic mining district.
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) has reported high-grade drill results from its ongoing exploration at the Guanacevi Mine in Durango, Mexico. The drilling program covered the El Curso property, with a recent lease amendment granting access to an additional 145 hectares. From December 2021 to March 2022, 2,842 metres were drilled, revealing significant results including 5.83 gpt Au and 1,278 gpt Ag for 2,534 gpt AgEq over a 7.5 m ETW. CEO Dan Dickson noted the exceptional exploration results achieved annually, suggesting ongoing potential for high-grade mineral discoveries.
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) reported Q1 2022 production of 1,314,955 silver ounces and 8,695 gold ounces, totaling 2.0 million silver equivalent ounces. The Guanacevi mine outperformed, while Bolañitos showed steady performance despite lower gold production. The company signed an agreement to acquire the Pitarrilla Project, enhancing growth prospects, and completed a US$46 million financing for this acquisition. The Q1 2022 results reflect a 25% increase in silver production compared to Q1 2021.
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