Endeavour Sil Stock Price, News & Analysis

Endeavour Silver Corp. (NYSE: EXK) reported strong financial results for 2021, with net revenue of $165.3 million, a 19% increase from 2020. The company produced 4,870,787 ounces of silver and 42,262 ounces of gold, exceeding production guidance. Net earnings reached $14 million ($0.08 per share), up from $1.2 million in 2020. EBITDA rose 87% to $54.9 million. Despite inflationary pressures increasing cash costs to $9.31 per ounce, the company maintains a solid cash position of $103.3 million. The Terronera project is progressing, with commissioning expected in H1 2024.

Endeavour Silver Corp. (EXK) announced its 2022 production and cost guidance, forecasting silver production of 4.2-4.8 million ounces and gold production of 31,000-35,000 ounces. The silver equivalent production is estimated at 6.7-7.6 million ounces. Consolidated cash costs are projected at $9.00-$10.00 per ounce of silver, with all-in sustaining costs ranging from $20.00 to $21.00. The company plans capital investments totaling $45.8 million, focusing on sustaining and growth projects, including a significant allocation for the Terronera project.

Endeavour Silver Corp. (NYSE: EXK) has filed two technical reports under National Instrument 43-101 regarding its Guanaceví and Bolañitos projects in Mexico. These reports confirm updated mineral resource and reserve estimates effective December 31, 2020, with no significant changes from earlier disclosures made in February 2021. The reports are accessible on SEDAR and the company’s website. Endeavour Silver aims to enhance its position as a premier senior silver producer, focusing on sustainable operations and stakeholder value creation.

Endeavour Silver has announced the acquisition of the Pitarrilla project in Durango, Mexico, from SSR Mining for $70 million, including $35 million in cash and $35 million in Endeavour shares. The Pitarrilla project is one of the world's largest undeveloped silver projects, boasting a measured and indicated resource of 525.27 million ounces of silver. This transaction aligns with Endeavour's strategy to enhance its growth pipeline and solidify its position as a leading silver producer in Mexico. The acquisition is expected to close in the first half of 2022, pending regulatory approvals.

Endeavour Silver Corp. (NYSE: EXK) reported strong production results for 2021, producing 4,870,787 silver ounces and 42,262 gold ounces, an equivalent of 8.3 million silver equivalent ounces. Fourth quarter production reached 1,443,564 silver ounces and 9,446 gold ounces. The Company exceeded its revised production guidance due to enhanced performance at its Guanacevi and Bolanitos mines. Additionally, further exploration revealed high-grade mineralization, and the company is advancing its Terronera project despite delays from COVID-19.

Endeavour Silver Corp. (NYSE: EXK) announced the appointment of Amy E. Jacobsen to its board of directors effective January 3, 2022. With over 30 years of diverse experience in the mining industry, Jacobsen has held various positions, including President of Windward Consulting and board chair at Behre Dolbear Group. She is recognized for her contributions to mining and holds qualifications in metallurgy and engineering. The company aims to leverage her expertise as it seeks to enhance its position as a leading silver producer.

Endeavour Silver Corp. (NYSE: EXK) announced positive drilling results from its Parral project in Chihuahua, Mexico. Over 14,000 meters were drilled in 59 holes, targeting the La Colorada vein, yielding impressive silver equivalent grades, including 2,846 gpt Ag and 0.65% Cu over a 0.89 m ETW. The project, acquired in 2016, aims to expand mineral resources after being suspended in 2020 due to the pandemic. Endeavour plans to continue the drilling program in 2022 to support a positive economic assessment as they work towards achieving the project's potential.

Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) announced its acquisition of 5,750,000 units of Guanajuato Silver Company Ltd. for $3,162,500 through a private placement. Each unit includes a common share and a warrant. Following this, Endeavour acquired an additional 901,224 common shares to settle a $2.5 million promissory note. Post-acquisition, Endeavour holds approximately 12.63% of GSilver's shares, potentially increasing to 13.75% if warrants are exercised. Endeavour's focus remains on long-term investment prospects and monitoring GSilver's financial health.