Endeavour Sil Stock Price, News & Analysis

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.

Endeavour Silver Corp. (NYSE: EXK) announced significant findings from its 2021 exploration drill program at the Bolañitos Mine in Guanajuato, Mexico, targeting the Melladito and Belen orebodies. Highlights include drill hole BN-64 revealing 8.09 gpt gold and 1,044 gpt silver over a 1.0 m width, equating to 1,611 gpt silver equivalent. Drill hole BL1.5S-4 showed 4.43 gpt gold and 148 gpt silver over 2.34 m, amounting to 458 gpt silver equivalent. Continued strong results are expected as exploration progresses, according to Vice President of Exploration, Luis Castro.

Endeavour Silver Corp. (NYSE: EXK) announced the appointment of Daniel Dickson as the new CEO, emphasizing a focus on profitability, safety, and ESG principles. The company targets significant growth through its flagship Terronera mine, with a feasibility study expected this summer. Following a profitable year, Endeavour boasts a market cap of USD$1 billion. A positive outlook for silver, driven by increasing demand and limited supply, positions Endeavour favorably for future performance.

Endeavour Silver Corp. held its 2021 Annual General Meeting on May 12, where shareholders overwhelmingly supported all business items. A total of 67,521,897 votes represented 41.25% of shares. All director nominees, including Bradford Cooke (now Executive Chair), were re-elected. Dan Dickson became the new CEO while Christine West took over as CFO. Shareholders approved the reappointment of KPMG LLP as auditor with a 98.09% vote. Endeavour Silver, a mid-tier mining company, aims to enhance its position in the silver market.

Endeavour Silver Corp. (NYSE: EXK) reported a strong Q1 2021 with net earnings of $12.2 million or $0.08 per share, rebounding from a loss of $15.9 million in Q1 2020. Revenue surged 58% to $34.5 million, driven by increased metal production and higher prices. Silver production rose 22% to 1,039,710 oz while gold production increased by 31% to 10,894 oz. The company's cash position improved significantly to $86.0 million, marking a 473% growth. However, operating costs slightly increased, and an impairment reversal of $16.8 million was noted from the El Cubo asset sale.

Endeavour Silver has announced promising results from its 2021 exploration drill program at the Guanacevi Mine in Mexico, targeting the El Curso orebody. Significant findings include up to 3,764 gpt silver equivalent over a 2.6 m width. The ongoing exploration seeks to connect El Curso with nearby orebodies, potentially forming a continuous orebody spanning 1,500 m by 400 m. This could enhance production capabilities, given its historical performance with the Porvenir Norte orebody. The future prospects for the Guanacevi Mine appear highly positive.

Endeavour Silver Corp. (NYSE: EXK) has successfully finalized the sale of the El Cubo Mine to VanGold Mining Corp. for a total of $15 million, including cash and shares, along with potential future contingent payments of up to $3 million. The payment structure includes $7.5 million in cash, $5 million in VanGold shares, and a $2.5 million promissory note. Endeavour now holds approximately 10.9% of VanGold’s outstanding shares, acquired for long-term investment, and has committed to abstaining from voting these shares for two years.

Endeavour Silver Corp. (NYSE: EXK) reported a robust performance in Q1 2021, producing 1,048,100 ounces of silver and 11,109 ounces of gold, achieving a total of 1.9 million ounces in silver equivalent production. This marks a 22% increase in silver production and a 31% increase in gold production compared to Q1 2020, driven by improved ore grades. The company also announced a definitive agreement to sell the El Cubo mine for $15 million and is on track with its production plans, with several mines exceeding expectations.