Endeavour Sil Stock Price, News & Analysis

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.

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.