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. reports developments as a mid-tier silver producer with operating underground mines in Mexico and Peru. Company updates commonly cover production and financial results for the Terronera, Guanaceví and Kolpa mines, silver and gold output, base-metal by-product credits, cash costs, all-in sustaining costs, capital budgets and annual guidance.
News also reflects portfolio changes and project activity, including the completed sale of the Bolañitos mine, development and exploration work across Mexico, Chile and the United States, and governance updates involving the board and senior operating management.
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.
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.
Summary not available.
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.