Endeavour Sil Stock Price, News & Analysis

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.

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.