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. (NYSE: EXK) announces significant changes in its board and management structure ahead of its Annual General Meeting on May 12, 2021. Geoff Handley will resign as Chair but remain a Director, while Rex McLennan will become the Lead Independent Director. Bradford Cooke transitions from CEO to Executive Chair, with Dan Dickson taking over as CEO and Christine West as CFO. Cooke emphasized the internal leadership transition reflects the management team's capabilities as the company prepares for growth, particularly with the Terronera project.
Endeavour Silver Corp. has finalized a deal to sell its El Cubo mine in Mexico to VanGold Mining Corp. for $15 million, with an additional $3 million in contingent payments based on production and gold prices. The payment structure includes a non-refundable down payment of $500,000, cash and share payments totaling $12.5 million on closing, and a $2.5 million note due one year post-closing. Endeavour's shares will be added to the S&P/TSX Composite and NYSE Arca Gold Miners Index after market close on March 19, 2021, enhancing visibility and investment opportunities.
VanGold Mining Corp has signed a definitive asset purchase agreement with Endeavour Silver Corp to acquire the El Cubo mine and mill complex, located near Guanajuato, Mexico. The transaction, valued at $15 million, is set to close by the end of March 2021. VanGold plans to refurbish the El Cubo mill and begin processing mineralized material from both the El Cubo and El Pinguico properties, aiming to ramp up to 750 tonnes per day by Q4 2021. A preliminary economic assessment estimates a net present value of $32.9 million for the combined project, with significant inferred resources available.
Endeavour Silver Corp. (NYSE: EXK) announced strong financial results for Q4 and FY 2020, recovering from prior losses. Q4 gross sales reached $61.2 million, up 81% year-over-year, driven by higher silver and gold production at $19.9 million net income ($0.13/share). Full-year gross revenue increased 15% to $140.3 million. Cash costs and all-in sustaining costs decreased significantly to $5.55 and $17.59 per oz silver respectively. The company maintained a healthy cash balance of $61.1 million. Despite challenges from COVID-19, operational improvements led to an increase in free cash flow and continued exploration success.
Endeavour Silver Corp. reports updated Mineral Reserve and Resource Estimates for its Mexican mines, revealing significant changes from December 31, 2019. Silver Proven and Probable Mineral Reserves rose 11% to 48.6 million oz, while gold reserves fell 1% to 472,000 oz. Silver equivalent reserves increased 5% to 86.3 million oz. Measured and Indicated silver resources dropped 11% to 25.9 million oz, with gold resources decreasing 2%. Inferred silver resources rose 6% to 64.4 million oz, while gold resources decreased 1% to 283,800 oz.
Endeavour Silver Corp. (NYSE: EXK) has granted Ridgestone Mining Inc. an option to purchase a 100% interest in the Guadalupe y Calvo gold-silver exploration project in Chihuahua, Mexico. The agreement allows Ridgestone to acquire the project for a total of US$4 million, comprising US$1.5 million in cash, US$1.75 million in shares, and US$0.75 million in exploration expenditures over four years. Additionally, Ridgestone will provide Endeavour with a 2% net smelter return royalty, which can be bought back for US$2 million prior to commercial production.
Endeavour Silver Corp. (NYSE: EXK) reported Q3 2020 production of 942,274 silver ounces and 10,260 gold ounces, totaling 1.8 million silver equivalent ounces. Year-to-date production reached 4.4 million AgEq ounces. After a two-month shutdown due to COVID-19, operations resumed with production improving by 66% compared to Q2 2020. Challenges included significant rainfall impacting throughput and lower grade ore from some mines. A feasibility study for the Terronera Mine is underway, with management focused on growth initiatives.
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has appointed Donald (Don) Gray as the new Chief Operating Officer, effective immediately. Gray has 40 years of mining experience with companies like Exxon and Newmont, and previously served as COO of Continental Gold, overseeing the successful Buritica gold mine project. He will replace Godfrey Walton, who will retire at year-end but stay on as President until then. Additionally, Endeavour has commissioned a $1.5 million feasibility study for its Terronera project, anticipated to take nine months.