Endeavour Sil Stock Price, News & Analysis

Endeavour Silver Corp. (NYSE: EXK) has announced its 2023 production and cost guidance, projecting silver output of 5.7 to 6.3 million ounces and gold production of 36,000 to 40,000 ounces. The company expects cash costs between $10.00-$11.00 per ounce of silver and all-in sustaining costs of $19.00-$20.00 per ounce, similar to 2022 levels. Capital budgets total $62.5 million, with $34.7 million for sustaining projects and $25.7 million for development at Terronera. The company plans to drill 30,000 meters across various projects with an exploration budget of $9.3 million.

Endeavour Silver Corp. (NYSE: EXK) announced 2022 production of 5,963,445 silver ounces and 37,548 gold ounces, achieving silver equivalent production of 9 million ounces. This exceeded guidance of 7.6-8 million ounces by 17%. In Q4 alone, silver and gold production reached 1,830,835 ounces and 10,370 ounces, respectively, a 27% and 10% increase year-over-year. Production was bolstered by the Guanaceví mine's strong performance and increased throughput. Company highlights include reduced metal inventory and progress at the Terronera project, alongside a positive outlook for future growth.

Endeavour Silver Corp. (NYSE: EXK) has filed a technical report on the Pitarrilla project in Mexico, indicating significant mineral resources. The report confirms nearly 600 million ounces of silver, with total Indicated resources of 491.6 million ounces silver and 693.9 million ounces of silver equivalent. The acquisition of the project for US$70 million enhances Endeavour's growth potential as it plans to invest at least US$10 million in exploration over five years, exploring various mining options.

Endeavour Silver Corp. (NYSE: EXK) reported Q3 2022 results featuring silver production of 1.46 million ounces, a 12% increase over Q3 2021, and a net loss of $1.5 million, or $0.01 loss per share. Revenue totaled $39.7 million, a 15% growth year-over-year, despite declining metal prices. Operating costs remained in line with guidance, with cash costs of $10.32 per ounce. The company emphasized the ongoing development of the Terronera project and the acquisition of the Pitarrilla project, viewed as crucial for future growth.

Endeavour Silver Corp. (NYSE: EXK) announced strong Q3 2022 production, achieving 1,458,448 silver ounces and 9,194 gold ounces, equating to 2.2 million silver equivalent ounces (AgEq). Year-to-date, total AgEq production reached 6.3 million ounces, trending towards its annual guidance of 7.6-8.0 million AgEq ounces. Key highlights include improved ore grades, successful exploration at Guanacevi, and the acquisition of the Pitarrilla Project. However, financial pressures persist due to lower metal prices and inflation impacts.

Endeavour Silver Corp. announced positive drill results from its ongoing program at the Guanacevi Mine in Mexico, focusing on the Santa Cruz vein. The 2022 drill results revealed high-grade mineralization, including drill hole UCM-102 with 3.50 gpt Au and 1,150 gpt Ag for a total of 1,430 gpt AgEq over a 1.16 m ETW. Notable discoveries also extended to the Porvenir Dos orebody. The results indicate a growth in resources and improved mine planning, affirming the company's objective to delineate resource extensions and enhance operational efficiency.

Endeavour Silver Corp. has announced a definitive agreement to sell its wholly owned subsidiary, Minera Oro Silver de Mexico, to Grupo ROSGO for $5 million. The deal involves an initial payment of $250,000 and subsequent instalments totaling $4.75 million over five years, with payments secured by shares of the subsidiary. CEO Dan Dickson stated this sale streamlines Endeavour’s project portfolio, allowing more focus on growth projects like Terronera and Pitarrilla. The company is actively enhancing its position in the precious metals sector.

Endeavour Silver Corp. has reported promising drill results from its Parral project in Chihuahua, Mexico, indicating significant resource expansion potential. The drilling program, which has exceeded 8,100 meters in 23 holes since April, aims to define and extend mineralized zones along the Veta Colorada structure. Key highlights include silver grades of up to 5,600 gpt and lead and zinc values contributing to silver equivalent grades exceeding 6,000 gpt. The focus ahead will be on exploring further northern structures and continuing surface mapping for new discoveries.

Endeavour Silver Corp. has appointed Rex McLennan as the new Chairman of the Board following the unexpected passing of former Executive Chairman Bradford Cooke. McLennan, who has served as a Director since June 2007 and as Lead Director since May 2021, has significant experience, including C-level roles at Viterra and Placer Dome. McLennan's leadership is expected to guide Endeavour as it develops its high-grade silver-gold mines in Mexico.