Endeavour Sil Stock Price, News & Analysis

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.

Endeavour Silver Corp. announced the retirement of Geoffrey Handley from its board of directors, effective March 31, 2022. Handley, who has been with the Company since 2006, served as chairman for 9 years and significantly contributed to its growth and governance. The CEO and Executive Chair expressed gratitude for his service and highlighted his positive impact on the corporate culture. Additionally, Amy Jacobsen has been appointed as an independent director to fill the vacancy. Endeavour Silver operates two high-grade silver-gold mines and is focused on advancing its projects in North America.

Endeavour Silver Corp. (NYSE: EXK) has announced the completion of its prospectus offering, successfully issuing 9,293,150 common shares at US$4.95 each, raising approximately US$46 million. The offering, co-led by BMO Capital Markets and PI Financial Corp., included an over-allotment option. Proceeds will primarily fund a US$35 million acquisition of the Pitarrilla project in Mexico and support general corporate needs. Endeavour operates two silver-gold mines in Mexico and is advancing other projects aimed at enhancing its position as a senior silver producer.

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.