Endeavour Sil Stock Price, News & Analysis

Endeavour Silver Corp. (NYSE: EXK) reported a strong Q2 2022, producing 1,359,207 ounces of silver and 9,289 ounces of gold, surpassing its 2022 production guidance. Total silver equivalent production reached 2.1 million ounces, driven by exceptional ore grades at the Guanacevi mine. The company holds significant bullion inventory, including 1,399,355 ounces of silver. Endeavour's positive outlook for precious metals remains unchanged amidst market challenges. The company also announced the acquisition of the Pitarrilla Project, enhancing growth potential.

Endeavour Silver Corp. (NYSE: EXK) has successfully acquired the Pitarrilla Project from SSR Mining for approximately $70 million, comprising both cash and stock. This acquisition strengthens Endeavour's position as a significant mid-tier silver producer and enhances its portfolio with one of the largest undeveloped silver deposits globally. The company plans to invest $1.8 million in drilling and exploration in 2022 to verify historical data and develop current resource estimates. SSR Mining now holds 4.52% of Endeavour's common shares following this transaction.

Endeavour Silver Corp. (NYSE: EXK) announced that at its 2022 Annual General Meeting held on May 12, 2022, shareholders approved all items of business. A total of 74,416,771 votes were cast, representing 43.57% of outstanding shares. All director nominees were re-elected with significant support, including Margaret M. Beck receiving 95.78% approval. Shareholders also re-appointed KPMG LLP as the company's auditor. The company continues to advance the Terronera mine project and explore other opportunities in Mexico, Chile, and the U.S.

Endeavour Silver Corp. (NYSE: EXK) announced its Q1 2022 results, reporting 1,314,955 oz of silver and 8,695 oz of gold produced, generating net revenue of $57.7 million, a 67% increase year-over-year. While net earnings decreased slightly to $11.7 million or $0.07 per share, operational cash flow surged 293% to $20.6 million. Despite facing industry-wide inflation, the company maintained strong production levels and reduced inventory significantly. Looking ahead, Endeavour plans to secure debt financing for its Terronera project and close the acquisition of the Pitarrilla project.

Endeavour Silver Corp. announced promising drill results from its Parral project in Chihuahua, Mexico, revealing significant mineralization along the Veta Colorada structure. Key highlights include drill results of up to 2,234 gpt AgEq over 0.17 m, showcasing high grades of silver and other metals. The company's ongoing exploration aims to establish a robust mineral resource base, with plans for a preliminary economic assessment by year-end. The Parral project features classic high-grade silver epithermal vein deposits and has an accessible infrastructure in a historic mining district.

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.