Endeavour Sil Stock Price, News & Analysis

Endeavour Silver Corp. (NYSE: EXK) reported its Q3 2021 financial results, revealing a net revenue of $34.6 million, down 3% from Q3 2020. The company produced 1,305,399 oz of silver and 10,541 oz of gold, totaling 2.1 million oz silver equivalent. However, the company incurred a net loss of $4.5 million or $0.03 per share, primarily due to withheld metal sales and increased finished goods inventory. Operating costs per ounce rose to $8.16 for cash costs and $17.46 for all-in sustaining costs, reflecting higher direct costs. Despite challenges, the company holds significant cash resources of $101.1 million.

Endeavour Silver Corp. (NYSE: EXK) has filed a feasibility study technical report for the Terronera Project in Mexico, dated October 21, 2021, with an effective date of September 9, 2021. The report, prepared by Wood PLC, complies with National Instrument 43-101 and is available on SEDAR and the company's website. Minor cost reallocations were made since the last announcement, but these do not affect economic metrics. The company continues to advance the Terronera mine project and explore further opportunities in Mexico, Chile, and the United States.

Endeavour Silver Corp. (NYSE: EXK) reported production of 1,305,399 silver ounces and 10,541 gold ounces for Q3 2021, totaling 2.1 million silver equivalent ounces. The company increased its 2021 production guidance to 7.7 – 8.0 million silver equivalents, driven by strong performance at the Guanacevi mine. Notable production gains include a 39% increase in silver production year-over-year. Additionally, the company has acquired the Bruner Gold Project for US$10 million. Operations at El Compas are suspended, but management continues to assess opportunities.

Endeavour Silver Corp. (NYSE: EXK) has completed a Feasibility Study on its 100% owned Terronera Project in Jalisco, Mexico. The study reveals enhanced financial metrics, including a 33% increase in total reserves to 7.4 million tonnes and an average annual production of 3.3 million ounces of silver and 32,874 ounces of gold over a 12-year mine life. The after-tax NPV is estimated at $174 million, with an IRR of 21.3%. The project is set to advance towards construction, pending financing and permit approvals, with an initial budget increase to $175 million for the project’s development.

Endeavour Silver Corp. (NYSE: EXK) has successfully acquired the Bruner Property in Nye County, Nevada, from Canamex Gold Corp. for US$10 million. The Bruner Gold Project, located 180 km southeast of Reno, includes mineral claims, mining rights, and permits. A historic resource estimate indicates 342,000 ounces of gold, though this is not currently classified as a resource. Endeavour plans to upgrade this estimate through drilling in 2022 and views this acquisition as a strategic move towards becoming a premier senior silver producer.

Endeavour Silver Corp. (EXK) reported strong financial results for Q2 2021, with net revenue reaching $47.7 million, a 136% increase year-on-year, driven by higher metal prices and production. Silver production was 1,073,724 oz, up 80%, while gold production rose 92% to 11,166 oz. Operating costs significantly increased, with cash costs per ounce rising 369% to $13.03. Despite this, the company maintained a robust cash position of $125.2 million and reported earnings of $6.7 million or $0.04 per share. The suspension of operations at El Compas is expected to have minimal impact on overall production.

Endeavour Silver Corp. (NYSE: EXK) announced a definitive agreement to acquire a 100% interest in Canamex Gold Corp.'s Bruner Property in Nevada for US$10 million. The property spans 1,457 hectares and is strategically located in a mineral-rich area, with historic resources estimated at 342,000 ounces of gold. The acquisition enhances Endeavour's exploration portfolio and supports its five-year strategic aim to become a leading silver producer. The deal is subject to customary closing conditions and Canamex shareholder approval.

Endeavour Silver Corp. reported strong Q2 2021 results with production of 1,073,724 silver ounces and 11,166 gold ounces, achieving a silver equivalent of 2.0 million ounces. This exceeded their 2021 guidance, totaling 3.9 million AgEq ounces year-to-date. Key highlights include the successful sale of the El Cubo mine for $15 million, management changes with Dan Dickson as the new CEO, and encouraging exploration results at key projects. The company anticipates a feasibility study for the Terronera project to conclude in Q3 2021, aiming for sustainable production amidst ongoing COVID-19 safety protocols.

Endeavour Silver Corp. (NYSE: EXK) announced high-grade silver-gold mineralization discoveries near its Terronera vein, with several structures showing promising results. Key highlights include:

• San Simon: 9.78 gpt Au and 214 gpt Ag.
• Fresno: 6.05 gpt Au and 1,056 gpt Ag.
• Lindero: 2.63 gpt Au and 25 gpt Ag.
• Pendencia: 1.09 gpt Au and 445 gpt Ag.
• Los Cuates: 1.36 gpt Au and 156 gpt Ag.

The exploration program aims for 16,000 meters of drilling by year-end, focusing on resource expansion despite ongoing Feasibility Study limitations.