[SCHEDULE 13G/A] Endeavour Silver Corp. SEC Filing

Rhea-AI Filing Summary

Van Eck Associates Corporation reports a notable passive stake in Endeavour Silver Corp's common shares, beneficially owning 18,789,415 shares or 6.49% of the class. The filer indicates sole voting power over 18,706,695 shares and sole dispositive power over 18,789,415, showing that the reporting person controls voting and disposition of the position. The filing identifies the filer as an investment adviser (IA) and includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. This disclosure signals a material institutional stake while stating a passive intent.

Positive

• Material institutional stake: Beneficial ownership of 18,789,415 shares, equivalent to 6.49% of the class.
• Clear control of the position: Sole voting power reported for 18,706,695 shares and sole dispositive power for 18,789,415 shares.
• Passive/ordinary-course holding: Filer certifies the securities are held in the ordinary course and not to influence control.

Negative

• None.

Insights

Institutional Investor Analyst

TL;DR Van Eck holds a material 6.49% passive stake in EXK, controlling voting and dispositive rights on the position.

The reported 18,789,415-share holding equals 6.49% of Endeavour Silver's common stock and is large enough to be material to investors' ownership registers. The filer is classified as an investment adviser and certifies the holding is passive and ordinary-course, which means it has not asserted an intent to influence corporate control. The concentration of sole voting and dispositive power implies Van Eck can act unilaterally on this position if its stance changes, but the filing explicitly disclaims such intent.

Corporate Governance Expert

TL;DR A significant institutional holding is disclosed, reported as passive with sole voting/dispositive authority over the position.

The filing documents sole voting power for 18,706,695 shares and sole dispositive power for 18,789,415 shares, which is administratively important for shareholder vote tabulations and proxy considerations. Classification as an IA and the accompanying certification identify the position as held in the ordinary course, reducing immediate governance concerns. For monitoring purposes, this disclosure is material but currently reflects a passive investment stance rather than activist intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

ENDEAVOUR SILVER CORP

(Name of Issuer)

Common Shares

(Title of Class of Securities)

29258Y103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 29258Y103

1

Names of Reporting Persons

VAN ECK ASSOCIATES CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 18,706,695.00
6	Shared Voting Power
7	Sole Dispositive Power 18,789,415.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,789,415.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.49 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ENDEAVOUR SILVER CORP
(b)	Address of issuer's principal executive offices: PO BOX 10328, #1130-609 GRANVILLE STREET, VANCOUVER, British Columbia, Canada, V7Y 1G5
Item 2.
(a)	Name of person filing: Van Eck Associates Corporation
(b)	Address or principal business office or, if none, residence: 666 Third Ave, 9th Floor, New York NY 10017
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 29258Y103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 18,789,415
(b)	Percent of class: 6.49 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 18,706,695
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 18,789,415
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

VAN ECK ASSOCIATES CORP

Signature:	Ashley Sousa
Name/Title:	Ashley Sousa, AVP, Van Eck Associates Corporation
Date:	08/14/2025

FAQ

How many Endeavour Silver (EXK) shares does Van Eck Associates own?

Van Eck Associates beneficially owns 18,789,415 common shares of Endeavour Silver, representing 6.49% of the class.

Does Van Eck have voting control over its EXK shares?

Yes. The filing reports sole voting power for 18,706,695 shares and sole dispositive power for 18,789,415 shares.

Is this filing an indication of activist intent by Van Eck for EXK?

No. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control, indicating a passive stance.

What type of filer is Van Eck Associates in this Schedule 13G/A?

Van Eck Associates is identified as an investment adviser (IA) in the filing.

What class of securities and CUSIP does this filing cover for EXK?

The filing covers Endeavour Silver common shares with CUSIP 29258Y103.