Welcome to our dedicated page for Endeavour Sil news (Ticker: EXK), a resource for investors and traders seeking the latest updates and insights on Endeavour Sil stock.
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) is a mid-tier silver producer in the silver ore mining and precious metals sector. Its news flow is driven by operating performance at its mines in Mexico and Peru, developments at its cornerstone Terronera mine in Jalisco state, Mexico, exploration results at the Kolpa polymetallic mine in Peru, and financing and portfolio management decisions.
Recent press releases highlight quarterly and annual production updates, including silver, gold and base metal output and silver equivalent production from Guanaceví, Bolañitos, Terronera and Kolpa. Investors following EXK news can track how throughput, grades and recoveries at these mines affect consolidated production and sales, as well as how third-party ore purchases and mine-specific events influence results.
Endeavour’s news also covers milestones such as the declaration of commercial production at Terronera, the integration and exploration progress at Kolpa, and a definitive agreement to sell the Bolañitos gold-silver mine to Guanajuato Silver Company Ltd. Capital markets updates, including the pricing and completion of a US$350 million unsecured convertible senior notes offering due 2031, provide insight into how the company finances debt repayment and growth projects like the Pitarrilla project in Durango State, Mexico.
Exploration-focused releases describe drilling campaigns and assay results at Kolpa, where Endeavour is targeting silver-lead-zinc-copper mineralization along key structural corridors. Financial result announcements, typically accompanied by conference call details, summarize revenue, mine operating earnings, cash costs and all-in sustaining costs, as well as non-IFRS measures discussed in the company’s MD&A. For investors and analysts, the EXK news page offers a centralized view of operational updates, exploration progress, corporate transactions and financial disclosures related to Endeavour Silver.
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.
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.
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