News Releases
- May 31, 2023Endeavour Silver Files Amended Terronera Technical Report
- May 23, 2023Endeavour Silver Announces 2023 Annual General Meeting Voting Results
- May 10, 2023Endeavour Silver Announces Q1 2023 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
- May 9, 2023Endeavour Silver Releases its 2022 Sustainability Report; Reports on First Year of its Three Year Strategy
- Apr 20, 2023Endeavour Silver Provides Construction Update on the Terronera Project
- Apr 18, 2023Endeavour Silver Announces Construction Decision for the Terronera Project in Jalisco State, Mexico; Executes Commitment Letter for Senior Secured Debt Facility of $120 Million
- Apr 10, 2023Endeavour Silver Delivers Strong Production in Q1 2023
- Mar 29, 2023Endeavour Silver Files Amended Pitarrilla Technical Report
- Mar 9, 2023Endeavour Silver Releases Inaugural Climate Report
- Mar 2, 2023Endeavour Silver Reports Solid 2022 Financial Results: Earnings Conference Call at 9am PST (12pm EST) Time
- Jan 26, 2023Endeavour Silver Announces Filing of NI 43-101 Technical Reports for Guanacevi and Bolañitos Mines
- Jan 12, 2023Endeavour Silver Provides 2023 Guidance; Production expected at 5.7 - 6.3 Million oz Silver and 36,000 - 40,000 oz Gold for 8.6 - 9.5 Million oz Silver Equivalent ¹
- Jan 10, 2023Endeavour Silver Surpasses Upper Range of Production Guidance by Delivering 9.0 Million Silver Equivalent Ounces in 2022
- Dec 8, 2022Endeavour Silver Announces Initial Mineral Resource Estimate and Filing of NI43-101 Technical Report on the Pitarrilla Project in Durango State, Mexico
- Nov 8, 2022Endeavour Silver Announces Q3 Financial Results; Earnings Conference Call at 10am PST (1pm EST) Today
- Oct 11, 2022Endeavour Silver Produces 1,458,448 oz Silver and 9,194 oz Gold for 2.2 Million oz Silver Equivalent in Q3 2022
- Sep 26, 2022Endeavour Silver Continues to Intersect High-Grade Mineralization at the Guanacevi Mine including 3.54 g/t Gold and 1,129 g/t Silver for 1,412 g/t Silver Equivalents over 7.28 meters
- Sep 12, 2022Endeavour Silver Completes the Sale of the El Compas Property to Grupo ROSGO for US$5.0 million
- Sep 8, 2022Endeavour Silver Continues to Intersect Positive Drill Results at the Parral Project
- Aug 29, 2022Endeavour Silver Appoints Rex McLennan as Chairman
- Aug 24, 2022Endeavour Silver Honours Bradford Cooke with Company Tribute and Details on Celebration of Life
- Aug 18, 2022Endeavour Silver Founder and Chairman Bradford Cooke Passes Away
- Aug 9, 2022Endeavour Silver Announces Q2 2022 Financial Results; Raises 2022 Production Guidance
- Jul 8, 2022Endeavour Silver Reports Strong Q2 2022 Production Results; Higher Grades at the Guanacevi Mine Drive Strong Operational Performance
- Jul 6, 2022Endeavour Silver Announces Completion of Pitarrilla Acquisition
- May 13, 2022Endeavour Silver Announces 2022 Annual General Meeting Voting Results
- May 12, 2022Endeavour Silver Releases 2021 Sustainability Report
- May 11, 2022Endeavour Silver Announces Strong Q1 2022 Financial and Operating Results with Earnings Per Share of $0.07
- Apr 26, 2022Endeavour Silver Reports Positive Drill Results for the Parral Project
- Apr 13, 2022Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization and Extend the El Curso Orebody Along Strike and at Depth at its Guanacevi Mine
- Apr 11, 2022Endeavour Silver Delivers Strong Production in Q1 2022
- Mar 31, 2022Endeavour Silver Announces Retirement of Director
- Mar 22, 2022Endeavour Silver Closes US$46 Million Bought Deal Financing Including US$6 Million Over-Allotment Option Exercise in Full
- Mar 15, 2022Endeavour Silver Corp. Announces US$40 Million Bought Deal Financing
- Mar 10, 2022Endeavour Silver Announces Strong Year End 2021 Financial and Operating Results with Earnings Per Share of $0.08
- Jan 20, 2022Endeavour Silver Provides 2022 Guidance, Including Production of 4.2-4.8 Million oz Silver and 31,000-35,000 oz Gold for 6.7-7.6 Million oz Silver Equivalent1
- Jan 19, 2022Endeavour Silver Announces Filing of NI 43-101 Reports on Guanacevi and Bolanitos Projects
- Jan 13, 2022Endeavour Silver to Acquire the Pitarrilla Project, One of the World's Largest Undeveloped Silver Projects¹, Leveraging Regional Platform and Operating Expertise in Mexico
- Jan 11, 2022Endeavour Silver Ends the Year on a Strong Note; FY2021 Annual Production Surpasses Upper End of Guidance
- Jan 6, 2022Endeavour Silver Launches Sustainability Strategy with Three-year Targets
- Jan 4, 2022Endeavour Silver Announces Appointment of New Director
- Dec 16, 2021Endeavour Silver Reports Positive Drill Results for the Parral Project
- Dec 2, 2021Endeavour Silver Intersects High-Grade Silver-Gold Mineralization at its Guanacevi and Bolañitos Operations
- Dec 2, 2021Early Warning Report Regarding Guanajuato Silver Company Ltd.
- Nov 9, 2021Endeavour Silver Reports Financial Results for the Third Quarter 2021; Earnings Conference Call at 10am PST (1pm EST) Today
- Oct 25, 2021Endeavour Silver Files NI 43-101 Technical Report on the Feasibility Study of the Terronera Project, Jalisco State
- Oct 7, 2021Endeavour Silver Produces 1,305,399 oz Silver and 10,541 oz Gold for 2.1 Million oz Silver Equivalents in Q3, 2021; 2021 Consolidated Production Guidance Raised to 7.7 - 8.0 Million oz Silver Equivalents
- Sep 9, 2021Endeavour Silver Completes Feasibility Study on the Terronera Project in Jalisco State, Mexico. Robust Economics Supported by Larger Mineral Reserves, Higher Annual Silver Production and Longer Mine Life; Video Webcast and Q&A at 7AM PDT (10AM EDT) Today
- Sep 1, 2021Endeavour Silver Completes Acquisition of Bruner Gold Project in Nye County, Nevada
- Aug 10, 2021Endeavour Silver Reports Financial Results for the Second Quarter 2021; Earnings Conference Call at 10am PDT (1pm EDT) Today
- Jul 19, 2021Endeavour Silver Signs Agreement to Acquire Bruner Gold Project in Nye County, Nevada
- Jul 8, 2021Endeavour Silver Produces 1,073,724 oz Silver and 11,166 oz Gold for 2.0 Million oz Silver Equivalents in Q2, 2021
- Jun 8, 2021Endeavour Silver Drilling Intersects High-Grade Silver-Gold Mineralization in Multiple Veins at the Terronera Project in Jalisco, Mexico
- May 20, 2021Endeavour Silver Drilling Intersects High-Grade Gold-Silver Mineralization at the Bolanitos Mine in Durango, Mexico
- May 13, 2021Message to Shareholders from Daniel Dickson, Newly Appointed Chief Executive Officer of Endeavour Silver Corp.
- May 12, 2021Endeavour Silver Announces 2021 Annual General Meeting Results
- May 12, 2021Endeavour Silver Releases 2020 Sustainability Report
- May 11, 2021Endeavour Silver Reports Financial Results for the First Quarter 2021; Earnings Conference Call at 10am PDT (1pm EDT) Today
- May 4, 2021Endeavour Silver Intersects High-Grade Silver-Gold Mineralization at the Guanacevi Mine in Durango, Mexico
- Apr 12, 2021Endeavour Silver Closes Sale of El Cubo Mine to VanGold Mining
- Apr 8, 2021Endeavour Silver Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021
- Mar 30, 2021Endeavour Silver Announces Board and Management Succession Plans
- Mar 17, 2021Endeavour Silver Signs Definitive Agreement to Sell the El Cubo Mine in Guanajuato, Mexico to VanGold Mining; Endeavour to be Added to the S&P/TSX Composite and NYSE Arca Gold Miners (GDX ETF) Indices
- Mar 1, 2021Endeavour Silver Reports $19.9 Million Earnings in the Fourth Quarter, 2020 and $1.2 Million Earnings for the Full Year, 2020
- Feb 3, 2021Endeavour Silver Updates 2020 Mineral Reserve and Resource Estimates
- Feb 1, 2021Endeavour Silver Grants Option to Purchase Guadalupe y Calvo Project in Chihuahua, Mexico to Ridgestone Mining
- Jan 28, 2021Endeavour Silver Provides 2021 Production and Cost Guidance, Forecasting 3.6-4.3 Million oz Silver and 31,000-35,500 oz Gold, or 6.1-7.1 Million oz Silver Equivalent
- Jan 7, 2021Endeavour Silver Reports Highest Quarterly Production in Two Years; Produces 1,117,289 oz Silver and 12,586 oz Gold (2.1 Million oz Silver Equivalents) in Fourth Quarter, 2020
- Dec 18, 2020Endeavour Silver Agrees to Sell El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. for US$15 Million Plus Additional Contingent Payments
- Dec 1, 2020Endeavour Silver Drilling Intersects High-Grade Gold-Silver Mineralization At The Bolanitos Mine In Guanajuato, Mexico
- Nov 18, 2020Endeavour Silver Expands Terronera Project In Jalisco, Mexico, Acquires Two Adjacent Properties Covering Multiple Mineralized Veins
- Nov 12, 2020Endeavour Silver Continues To Intersect High-Grade Gold-Silver Mineralization At Guanacevi, Durango, Mexico
- Nov 5, 2020Endeavour Silver Reports Financial Results For Third Quarter 2020, Conference Call At 10am PST (1pm EST) Today
- Oct 8, 2020Endeavour Silver Produces 942,274 Oz Silver And 10,260 Oz Gold (1.8 Million Oz Silver Eq.) In Third Quarter, 2020; Hosting Video Zoom Update On October 13, 2020
- Oct 1, 2020Endeavour Silver Announces At-The-Market Offering Of Up To Us$60 Million
- Sep 15, 2020Endeavour Silver Appoints Don Gray As Coo, Awards Feasibility Study For Terronera Project To Wood PLC
- Aug 6, 2020Endeavour Silver Files PFS Technical Report For The Terronera Project
- Aug 4, 2020Endeavour Silver Reports Financial Results For The Second Quarter 2020; Conference Call At 10am PDT (1pm EDT) Today
- Jul 29, 2020Endeavour Silver Reschedules To Report Second Quarter 2020 Financial Results And Conference Call On August 4, 2020
- Jul 14, 2020Endeavour Silver Announces Robust Economics In Final Pre-Feasibility Study On The Terronera Mine Project In Jalisco State, Mexico; Video Webcast And Q&A On July 14, 2020
- Jul 9, 2020Endeavour Silver Produces 596,545 Oz Silver And 5,817 Oz Gold In Abbreviated Second Quarter, 2020
- Jun 2, 2020Endeavour Silver Intersects New High-Grade Gold-Silver Mineralization On The El Curso Property At The Guanacevi Mine In Durango, Mexico
- May 28, 2020Endeavour Silver Restarts Mining Operations In Mexico
- May 20, 2020Endeavour Silver Drilling Intersects New High-Grade Gold-Silver Mineralization In Melladito Vein At Bolanitos Mine, Guanajuato, Mexico
- May 14, 2020Endeavour Silver Announces At-The-Market Offering Of Up To US$23 Million
- May 13, 2020Endeavour Silver Announces 2020 Annual General Meeting Results
- May 12, 2020Endeavour Silver Releases 2019 Annual Review And Sustainability Report
- May 8, 2020Endeavour Silver Reports Financial Results For The First Quarter 2020; Earnings Conference Call At 10am PDT (1pm EDT) Today
- May 6, 2020Endeavour Silver Reschedules To Report First Quarter 2020 Financial Results And Conference Call On May 8, 2020
- Apr 29, 2020Mexican Government Decrees Restart Of Non-Essential Activities Such As Mining In Areas With No Or Low Sars-Cov2 Virus Cases On May 18, 2020; Endeavour Silver Files Final Base Shelf Prospectus
- Apr 9, 2020Endeavour Silver Produces 857,659 Oz Silver And 8,476 Oz Gold, In The First Quarter, 2020 - In Line With Guidance Prior To Suspension - Video Webcast And Q&A On April 14, 2020
- Apr 2, 2020Mexican Government Declares Covid-19 National Health Emergency, Only Essential Services To Remain Open, Endeavour Silver Suspending Its Mexican Mining Operations Until April 30, 2020
- Mar 18, 2020Endeavour Silver Implements Plans To Minimize Covid-19 Risks; Initiates Internal Review Of Terronera Prefeasibility Study
- Feb 24, 2020Endeavour Silver Reports Financial Results For The Fourth Quarter And 2019 Full Year
- Feb 13, 2020Endeavour Silver Appoints Director, Project Development
- Jan 31, 2020Endeavour Silver Provides 2020 Production And Cost Guidance, Forecasting 3.0-3.5 Million Oz Silver And 38,000-44,000 Oz Gold, Or 6.0-7.0 Million Oz Silver Equivalent
- Jan 29, 2020Endeavour Silver Updates 2019 Mineral Reserve And Resource Estimates
- Jan 10, 2020Endeavour Silver Produces 4,018,735 Oz Silver And 38,907 Oz Gold (7.1 Million Oz Silver Equivalents) In 2019
- Nov 21, 2019Endeavour Silver To Suspend Operations At The El Cubo Mine In Mexico
- Nov 12, 2019Endeavour Silver Reports Initial Drill Results For The El Curso Property Adjacent To The Guanacevi Mine In Durango, Mexico, Including 1,182 gpt Silver And 3.07 gpt Gold Over 5.1 M True Width
- Nov 5, 2019Endeavour Silver Reports Third Quarter, 2019 Financial Results, Conference Call At 10am PST (1pm EST) Today
- Oct 23, 2019Endeavour Silver Reports Infill Drill Results For The Parral Project In Chihuahua, Mexico Including 308 gpt Silver Over 11.6 M True Width
- Oct 9, 2019Endeavour Silver Produces 948,547 Oz Silver And 9,716 Oz Gold (1.7 Million Oz Silver Equivalents) In The Third Quarter, 2019; Provides Development And Exploration Project Updates
- Aug 14, 2019Endeavour Silver Reports Positive Exploration Results For The Parral Project In Chihuahua, Mexico Including 332 gpt Silver Over 13.1 M True Width
- Aug 8, 2019Endeavour Silver Reports Second Quarter, 2019 Financial Results; Conference Call At 10am Pdt (1pm EDT) Today
- Jul 15, 2019Endeavour Silver Acquires Exploration And Exploitation Rights To Two Properties Adjacent To The Guanacevi Mine, Durango State, Mexico
- Jul 10, 2019Endeavour Silver Produces 1,059,322 Oz Silver And 9,558 Oz Gold (1.8 Million Oz Silver Equivalents) In The Second Quarter, 2019
- Jul 2, 2019Endeavour Silver Reports Fatal Accident At The Bolanitos Mine
- Jun 18, 2019Endeavour Silver Receives Final Tailings Permit For The Terronera Mine Project In Jalisco State, Mexico
- Jun 5, 2019Endeavour Silver Reports High Grade Silver-Gold Drill Intersections At The Guanacevi Mine, Durango, Mexico
- May 30, 2019Endeavour Silver Provides Update On Mining Operations
- May 22, 2019Endeavour Silver Reports High Grade Silver-Gold Drill Intersections From 2019 Exploration Program At The Bolanitos Mine, Guanajuato, Mexico
- May 9, 2019Endeavour Silver Announces 2019 Annual General Meeting Results
- May 7, 2019Endeavour Silver Releases 2018 Annual Review And Sustainability Report And Files Updated Technical Report For The Terronera Project
- May 6, 2019Endeavour Silver Reports First Quarter, 2019 Financial Results; Conference Call At 10am PDT (1pm EDT) Today
- Apr 11, 2019Endeavour Silver Produces 1,071,355 Oz Silver And 10,055 Oz Gold (1.9 Million Oz Silver Equivalent) In The First Quarter, 2019
- Apr 1, 2019Endeavour Silver Achieves Commercial Production At El Compas Mine In Zacatecas, Mexico
- Feb 25, 2019Endeavour Silver Reports 2018 Financial Results; Conference Call At 10am PDT (1pm EDT) Today
- Jan 31, 2019Endeavour Silver Introduces Portfolio Of Exploration Projects In Chile, Reviews Growth Strategies And 2019 Exploration Plans, Hosting Growth Webinar Today, 10 AM PT
- Jan 24, 2019Endeavour Silver Provides 2019 Production And Cost Guidance, Production Forecast 4.4-5.2 Million Oz Silver And 46,200-52,200 Oz Gold, For 8.1-9.4 Million Oz Silver Equivalent
- Jan 21, 2019Endeavour Silver Updates 2018 Mineral Reserve And Resource Estimates
- Jan 10, 2019Endeavour Silver Produces 5.5 Million Oz Silver And 52,967 Oz Gold For 9.5 Million Oz Silver Equivalents In 2018
- Dec 17, 2018Endeavour Silver Provides Early Review Of El Cubo Mine Plan For 2019
- Dec 12, 2018Endeavour Silver Reports Positive Surface Drilling And Underground Sampling Results For The Parral Project, Chihuahua, Mexico
- Nov 28, 2018Endeavour Silver Reports High Grade Silver-Gold Intersections In Multiple Veins From 2018 Drill Program At The Bolanitos Mine, Guanajuato, Mexico
- Oct 31, 2018Endeavour Silver Reports Third Quarter, 2018 Financial Results; Conference Call At 10am Pt (1pm Et) Today
- Oct 15, 2018Endeavour Appoints Vice President, Operations
- Oct 11, 2018Endeavour Silver Produces 1,428,828 Oz Silver And 12,968 Oz Gold (2.4 Million Oz Silver Equivalents) In The Third Quarter, 2018
- Sep 19, 2018Endeavour Silver Reports Multiple High Grade Infill Drill Intercepts And Files Prefeasibility Study Technical Report For The Terronera Mine Project, Jalisco, Mexico
- Aug 30, 2018Endeavour Silver Reports Updated Ni 43-101 Mineral Resource And Reserve Estimates And An Updated Pre-Feasibility Study For The Terronera Mine Project, Jalisco, Mexico
- Aug 29, 2018Endeavour Silver Reports Company-Wide Initiatives To Reduce Capital, Operating And Other Costs, Temporary Halt Of El Compas Plant Operations To Re-Commission The Tailings Facility
- Aug 2, 2018Endeavour Silver Reports Second Quarter, 2018 Financial Results; Conference Call At 10am PDT (1pm EDT) Today
- Jul 25, 2018Endeavour Silver Drilling Intersects 269 Gpt Silver And 5.5 Gpt Gold Over 1.1 Metres (19.9 Opt Ageq Over 3.6 Ft) At Calicanto Property, Zacatecas, Mexico And Provides Development Update For The El Compas Mine
- Jul 10, 2018Endeavour Silver Produces 1,355,895 Oz Silver And 13,674 Oz Gold (2.4 Million Oz Silver Equivalents) In The Second Quarter, 2018
- Jun 27, 2018Endeavour Silver Drilling Intersects 618 Gpt Silver And 3.2 Gpt Gold Over 21.2 Metres (25.1 Opt Ageq Over 69.6 Ft) At Terronera Project, Jalisco, Mexico
- Jun 13, 2018Endeavour Silver Announces At-The-Market Offering Of Up To Us$35.7 Million
- May 29, 2018Endeavour Appoints Vice President, New Projects
- May 14, 2018Endeavour Silver Drilling Intersects High Grade Silver-Gold-Lead-Zinc Mineralization In The San Patricio Vein System On The Parral Property; Provides Positive Results For Metallurgical Testing At Parral Properties
- May 7, 2018Endeavour Silver Announces 2018 Annual General Meeting Results
- May 3, 2018Endeavour Silver Reports First Quarter, 2018 Financial Results; Conference Call At 9am PDT (12pm EDT) Today
- May 2, 2018Endeavour Silver Releases 2017 Annual Review And Sustainability Report
- Apr 18, 2018Mexico Management Appointments And Departure
- Apr 13, 2018Endeavour Silver Files Final Base Shelf Prospectus
- Apr 9, 2018Endeavour Silver Produces 1,350,840 Oz Silver And 13,208 Oz Gold (2.3 Million Oz Silver Equivalents) In The First Quarter, 2018; Provides Update Of The El Compas Mine Development Project
- Mar 27, 2018Endeavour Silver Updates Progress On Terronera Silver-Gold Mine Project In Jalisco, Mexico
- Feb 26, 2018Endeavour Silver Reports 2017 Financial Results; Conference Call At 10am PST (1pm Est) Today
- Feb 20, 2018Endeavour Silver Updates Development Progress And Improves Operating Metrics Of The El Compas Gold-Silver Mine Project In Zacatecas, Mexico
- Feb 7, 2018Endeavour Silver Updates Mineral Reserve And Mineral Resource Estimates For Its Operating Mines And Development Projects And Reports Initial Mineral Resource Estimate For New Parral Properties
- Jan 25, 2018Endeavour Silver Provides 2018 Production And Cost Guidance, Targeting 20% Increase In Production To 5.8-6.4 Million Oz Silver And 58-64,000 Oz Gold For 10.2-11.2 Million Oz Silver Equivalent
- Jan 10, 2018Endeavour Silver Produces 4.9 Million Oz Silver And 53,007 Oz Gold For 8.9 Million Oz Silver Equivalent In 2017
- Dec 4, 2017Endeavour Silver Drilling Discovers High Grade Silver-Gold Mineralization In The Misie And Calicanto Vein Systems On The Calicanto Property, Zacatecas, Mexico
- Nov 15, 2017Endeavour Silver Drilling Discovers Potential Bulk Tonnage Silver Mineralization In The Palmilla Mine Area, Parral Project, Chihuahua, Mexico
- Nov 2, 2017Endeavour Silver Reports Financial Results For Third Quarter, 2017
- Nov 1, 2017Endeavour Silver Appoints New Director Of Investor Relations
- Oct 24, 2017Endeavour Silver Drilling Verifies High Grade Silver Mineralization In The Veta Colorada On The Parral Project, Chihuahua, Mexico
- Oct 10, 2017Endeavour Silver Produces 1,262,064 Oz Silver And 13,648 Oz Gold (2.2 Million Oz Silver Equivalents) In The Third Quarter, 2017
- Sep 11, 2017Endeavour Silver And Capstone Mining Exchange Mineral Rights On Adjacent Properties In Zacatecas, Mexico
- Aug 30, 2017Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization In Santa Cruz Vein At The Guanaceví Mine In Durango, Mexico
- Aug 15, 2017Endeavour Silver Drilling Continues To Intersect High Grade Mineralization In The La Luz Vein On The Terronera Property In Jalisco, Mexico
- Aug 10, 2017Endeavour Silver Appoints New Vice President, Engineering To Lead New Technical Services And Mine Development Group
- Aug 3, 2017Endeavour Silver Reports Financial Results For Second Quarter, 2017; Updates On Development Projects And 2017 Guidance
- Jul 12, 2017Endeavour Silver Produces 1,143,788 Oz Silver And 13,058 Oz Gold (2.1 Million Oz Silver Equivalents) In The Second Quarter, 2017
- Jun 20, 2017Endeavour Silver Releases 2016 Annual Review And Sustainability Report
- Jun 12, 2017Endeavour Silver Completes Review Of Director’s Agm Election Status
- Jun 6, 2017Endeavour Silver Acquires Additional Properties In Zacatecas, Mexico
- May 4, 2017Endeavour Silver Announces 2017 Annual General Meeting Results
- May 3, 2017Endeavour Silver Reports First Quarter, 2017 Financial Results; Conference Call At 9am Pdt (12pm Edt) Today
- Apr 11, 2017Endeavour Silver Produces 1,076,974 Oz Silver And 11,724 Oz Gold (1.9 Million Oz Silver Equivalents) In The First Quarter, 2017
- Apr 3, 2017Endeavour Silver Reports Updated Ni 43-101 Mineral Resource And Reserve Estimates And Pre-Feasibility Study For Terronera Mine, Jalisco, Mexico
- Mar 27, 2017Endeavour Silver Reports Initial Ni 43-101 Mineral Resource Estimate And Preliminary Economic Assessment For El Compas Mine, Zacatecas, Mexico
- Mar 16, 2017Endeavour Silver Expands High-Grade Silver-Gold Mineralized Zones In Terronera And La Luz Veins On The Terronera Property In Jalisco, Mexico
- Mar 2, 2017Endeavour Silver Reports 2016 Financial Results;Conference Call At 10am Pst (1pm Est) On March 2, 2017
- Feb 23, 2017Endeavour Silver To Release 2016 Financial Results On March 2, 2017
- Feb 1, 2017Endeavour Silver Appoints New Vice President, Operations And Country Manager, Mexico
- Jan 25, 2017Endeavour Silver Provides Production And Cost Guidance For 2017
- Jan 19, 2017Endeavour Silver Updates Reserves And Resources For Operating Mines
- Jan 10, 2017Endeavour Silver Produces 5.4 Million Oz Silver And 57,375 Oz Gold In 2016
- Dec 13, 2016Endeavour Silver Drill Programs Discover New High-Grade, Silver-Gold Mineralized Zones at the El Compas and Terronera Properties in Mexico
- Nov 3, 2016Endeavour Silver Reports Financial Results for Third Quarter, 2016;Conference Call at 11am PDT (2pm EDT) Today
- Nov 1, 2016Endeavour Silver Completes Acquisition of Parral Properties from Silver Standard
- Oct 24, 2016Endeavour Silver Continues to Define High Grade, Silver-Gold Vein Mineralization at Terronera Property in Jalisco State, Mexico
- Oct 11, 2016Endeavour Silver Produces 1,284,646 oz Silver and 14,364 oz Gold (2.4 Million oz Silver Equivalents) in the Third Quarter, 2016
- Sep 14, 2016Endeavour Silver Signs Agreement to Acquire Exploration Properties in Parral District, Chihuahua, Mexico from Silver Standard
- Aug 11, 2016Endeavour Silver President and COO Godfrey Walton Assumes the Responsibilities of VP of Operations and Country Manager
- Aug 3, 2016Endeavour Silver Reports Financial Results for Second Quarter, 2016;Conference Call at 10am PDT (1pm EDT) Today
- Jul 11, 2016Endeavour Silver Produces 1,551,851 oz Silver and 15,649 oz Gold (2.6 Million oz Silver Equivalents) in the Second Quarter, 2016; Revises 2016 Operating Plan and Raises 2016 Production Guidance
- Jun 27, 2016Endeavour Silver Outlines Several Prospective New Silver-Gold Veins on the Terronera Property in Jalisco State, Mexico
- Jun 2, 2016Endeavour Silver Appoints New Vice President, Corporate Development
- May 30, 2016Endeavour Silver Completes Acquisition of Oro Silver Resources Ltd.
- May 27, 2016Endeavour Silver Announces Annual General Meeting Results
- May 9, 2016Endeavour Silver Signs Definitive Agreement to Acquire Oro Silver Resources and Its El Compas Gold-Silver Mine Property and Leased Plant From Canarc Resource
- May 5, 2016Endeavour Silver Announces At-The-Market Offering of up to US$40 Million
- May 5, 2016Endeavour Silver Reports First Quarter, 2016 Financial Results; Conference Call at 10am PDT (1pm EDT) Today
- Apr 27, 2016Endeavour Silver Revises Q1 Earnings Date to May 5, 2016
- Apr 26, 2016Endeavour Silver Completes US$16 Million At-the-Market Equity Financing
- Apr 25, 2016Endeavour Silver Files Preliminary Base Shelf Prospectus
- Apr 8, 2016Endeavour Silver Produces 1,510,065 oz Silver and 15,960 oz Gold (2.7 Million oz Silver Equivalents) in the First Quarter, 2016
- Mar 4, 2016Endeavour Silver Reports 2015 Financial Results; Conference Call at 10am PST (1pm EST) on March 4, 2016
- Feb 19, 2016Endeavour Silver to Release 2015 Fourth Quarter and Year-End Financial Results on March 4, 2016
- Jan 28, 2016Endeavour Silver Provides Production and Cost Guidance for 2016; Conference Call at 10:00am PST Today
- Jan 21, 2016Endeavour Silver Updates Reserve and Resource Estimates; Deep Drilling Intersects Highest Grades Yet at Terronera
- Jan 12, 2016Endeavour Silver Produces 7.2 Million oz Silver and 60,000 oz Gold in 2015
- Nov 25, 2015Endeavour Silver Announces At-the-Market Offering of Up to US $16.5 Million
- Nov 2, 2015Endeavour Silver Reports Financial Results for Third Quarter, 2015; Conference Call at 11am PST (2pm EST) on November 2, 2015
- Oct 28, 2015Endeavour Silver Announces Revised Date for Release of Third Quarter, 2015 Financial Results; Provides Emergency Supplies to Small Towns Near San Sebastian del Oeste, Jalisco, Mexico to Assist in Recovery From Hurricane Patricia
- Oct 8, 2015Endeavour Silver Produces 1,820,282 oz Silver and 15,319 oz Gold (2.9 Million oz Silver Equivalent) in the Third Quarter, 2015
- Sep 22, 2015Endeavour Silver Infill Drilling Confirms High Grade, Gold-Silver Mineralization at Terronera Property in Jalisco State, Mexico
- Sep 9, 2015Endeavour Silver Drilling Extends Three Zones of High Grade, Gold-Silver Mineralization in Santa Cruz Vein, Guanaceví Mine, Durango State, Mexico
- Aug 17, 2015Endeavour Silver Drilling Intersects High Grade, Gold-Silver Mineralization in Three Historic Veins on Bolanitos Property, Guanajuato State, Mexico
- Aug 6, 2015Endeavour Silver Reports Financial Results for Second Quarter, 2015; LOC Debt Reduced by $4 Million, Cash Holdings Increased by $5.5 Million; Conference Call at 10am PDT (1pm EDT) on August 6, 2015
- Jul 9, 2015Endeavour Silver Produces 1,769,741 oz Silver and 13,047 oz Gold (2.7 Million oz Silver Equivalent) in the Second Quarter, 2015
- Jun 15, 2015Ball Mill Repaired and Plant Operations Back to Normal at Bolanitos Mine; Second Mine Contractor Commences Work at El Cubo Mine
- Jun 5, 2015Endeavour Silver Reports Ball Mill Down for Repairs at Bolanitos Mine; No Material Impact on Production Anticipated
- Jun 1, 2015Endeavour Silver Infill Drilling Confirms Thick, High Grade, Silver-Gold Mineralization at Terronera Property, Jalisco State, Mexico
- May 11, 2015Endeavour Silver Releases Positive Preliminary Economic Assessment for the Terronera Project, Jalisco State, Mexico
- May 7, 2015Endeavour Silver Announces Annual General Meeting Results
- May 6, 2015Endeavour Silver Reports First Quarter, 2015 Financial Results; Conference Call at 9am PDT (12pm EDT) on May 6, 2015
- Apr 23, 2015Endeavour Silver Makes Minor Amendments to Stock Option Plan
- Apr 8, 2015Endeavour Silver Produces 1,820,050 oz Silver and 15,808 oz Gold (2.9 Million oz Silver Equivalents) in the First Quarter, 2015
- Mar 17, 2015Endeavour Silver Initiates Major Mine Expansion at El Cubo; Raises Production Guidance and Reduces Cost Guidance for 2015
- Mar 5, 2015Endeavour Silver Reports 2014 Financial Results; Conference Call at 1pm PST (4pm EST) Today, March 5, 2015
- Feb 5, 2015Endeavour Silver to Release 2014 Fourth Quarter and Year-End Financial Results on March 5, 2015
- Jan 29, 2015Endeavour Silver Updates Reserve and Resource Estimates, Provides Production and Cost Guidance for 2015; Conference Call at 10:00am PST Today
- Jan 12, 2015Endeavour Silver Reports Record Silver Production in 4th Quarter, 2014 and 10th Consecutive Year of Higher Silver Production
- May 31, 2023Endeavour Silver Files Amended Terronera Technical Report
- May 23, 2023Endeavour Silver Announces 2023 Annual General Meeting Voting Results
- May 10, 2023Endeavour Silver Announces Q1 2023 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
- May 9, 2023Endeavour Silver Releases its 2022 Sustainability Report; Reports on First Year of its Three Year Strategy
- April 20, 2023Endeavour Silver Provides Construction Update on the Terronera Project
- April 18, 2023Endeavour Silver Announces Construction Decision for the Terronera Project in Jalisco State, Mexico; Executes Commitment Letter for Senior Secured Debt Facility of $120 Million
- April 10, 2023Endeavour Silver Delivers Strong Production in Q1 2023
- March 29, 2023Endeavour Silver Files Amended Pitarrilla Technical Report
- March 9, 2023Endeavour Silver Releases Inaugural Climate Report
- March 2, 2023Endeavour Silver Reports Solid 2022 Financial Results: Earnings Conference Call at 9am PST (12pm EST) Time
- January 26, 2023Endeavour Silver Announces Filing of NI 43-101 Technical Reports for Guanacevi and Bolañitos Mines
- January 12, 2023Endeavour Silver Provides 2023 Guidance; Production expected at 5.7 - 6.3 Million oz Silver and 36,000 - 40,000 oz Gold for 8.6 - 9.5 Million oz Silver Equivalent ¹
- January 10, 2023Endeavour Silver Surpasses Upper Range of Production Guidance by Delivering 9.0 Million Silver Equivalent Ounces in 2022
- December 8, 2022Endeavour Silver Announces Initial Mineral Resource Estimate and Filing of NI43-101 Technical Report on the Pitarrilla Project in Durango State, Mexico
- November 8, 2022Endeavour Silver Announces Q3 Financial Results; Earnings Conference Call at 10am PST (1pm EST) Today
- October 11, 2022Endeavour Silver Produces 1,458,448 oz Silver and 9,194 oz Gold for 2.2 Million oz Silver Equivalent in Q3 2022
- September 26, 2022Endeavour Silver Continues to Intersect High-Grade Mineralization at the Guanacevi Mine including 3.54 g/t Gold and 1,129 g/t Silver for 1,412 g/t Silver Equivalents over 7.28 meters
- September 12, 2022Endeavour Silver Completes the Sale of the El Compas Property to Grupo ROSGO for US$5.0 million
- September 8, 2022Endeavour Silver Continues to Intersect Positive Drill Results at the Parral Project
- August 29, 2022Endeavour Silver Appoints Rex McLennan as Chairman
- August 24, 2022Endeavour Silver Honours Bradford Cooke with Company Tribute and Details on Celebration of Life
- August 18, 2022Endeavour Silver Founder and Chairman Bradford Cooke Passes Away
- August 9, 2022Endeavour Silver Announces Q2 2022 Financial Results; Raises 2022 Production Guidance
- July 8, 2022Endeavour Silver Reports Strong Q2 2022 Production Results; Higher Grades at the Guanacevi Mine Drive Strong Operational Performance
- July 6, 2022Endeavour Silver Announces Completion of Pitarrilla Acquisition
- May 13, 2022Endeavour Silver Announces 2022 Annual General Meeting Voting Results
- May 12, 2022Endeavour Silver Releases 2021 Sustainability Report
- May 11, 2022Endeavour Silver Announces Strong Q1 2022 Financial and Operating Results with Earnings Per Share of $0.07
- April 26, 2022Endeavour Silver Reports Positive Drill Results for the Parral Project
- April 13, 2022Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization and Extend the El Curso Orebody Along Strike and at Depth at its Guanacevi Mine
- April 11, 2022Endeavour Silver Delivers Strong Production in Q1 2022
- March 31, 2022Endeavour Silver Announces Retirement of Director
- March 22, 2022Endeavour Silver Closes US$46 Million Bought Deal Financing Including US$6 Million Over-Allotment Option Exercise in Full
- March 15, 2022Endeavour Silver Corp. Announces US$40 Million Bought Deal Financing
- March 10, 2022Endeavour Silver Announces Strong Year End 2021 Financial and Operating Results with Earnings Per Share of $0.08
- January 20, 2022Endeavour Silver Provides 2022 Guidance, Including Production of 4.2-4.8 Million oz Silver and 31,000-35,000 oz Gold for 6.7-7.6 Million oz Silver Equivalent1
- January 19, 2022Endeavour Silver Announces Filing of NI 43-101 Reports on Guanacevi and Bolanitos Projects
- January 13, 2022Endeavour Silver to Acquire the Pitarrilla Project, One of the World's Largest Undeveloped Silver Projects¹, Leveraging Regional Platform and Operating Expertise in Mexico
- January 11, 2022Endeavour Silver Ends the Year on a Strong Note; FY2021 Annual Production Surpasses Upper End of Guidance
- January 6, 2022Endeavour Silver Launches Sustainability Strategy with Three-year Targets
- January 4, 2022Endeavour Silver Announces Appointment of New Director
- December 16, 2021Endeavour Silver Reports Positive Drill Results for the Parral Project
- December 2, 2021Endeavour Silver Intersects High-Grade Silver-Gold Mineralization at its Guanacevi and Bolañitos Operations
- December 2, 2021Early Warning Report Regarding Guanajuato Silver Company Ltd.
- November 9, 2021Endeavour Silver Reports Financial Results for the Third Quarter 2021; Earnings Conference Call at 10am PST (1pm EST) Today
- October 25, 2021Endeavour Silver Files NI 43-101 Technical Report on the Feasibility Study of the Terronera Project, Jalisco State
- October 7, 2021Endeavour Silver Produces 1,305,399 oz Silver and 10,541 oz Gold for 2.1 Million oz Silver Equivalents in Q3, 2021; 2021 Consolidated Production Guidance Raised to 7.7 - 8.0 Million oz Silver Equivalents
- September 9, 2021Endeavour Silver Completes Feasibility Study on the Terronera Project in Jalisco State, Mexico. Robust Economics Supported by Larger Mineral Reserves, Higher Annual Silver Production and Longer Mine Life; Video Webcast and Q&A at 7AM PDT (10AM EDT) Today
- September 1, 2021Endeavour Silver Completes Acquisition of Bruner Gold Project in Nye County, Nevada
- August 10, 2021Endeavour Silver Reports Financial Results for the Second Quarter 2021; Earnings Conference Call at 10am PDT (1pm EDT) Today
- July 19, 2021Endeavour Silver Signs Agreement to Acquire Bruner Gold Project in Nye County, Nevada
- July 8, 2021Endeavour Silver Produces 1,073,724 oz Silver and 11,166 oz Gold for 2.0 Million oz Silver Equivalents in Q2, 2021
- June 8, 2021Endeavour Silver Drilling Intersects High-Grade Silver-Gold Mineralization in Multiple Veins at the Terronera Project in Jalisco, Mexico
- May 20, 2021Endeavour Silver Drilling Intersects High-Grade Gold-Silver Mineralization at the Bolanitos Mine in Durango, Mexico
- May 13, 2021Message to Shareholders from Daniel Dickson, Newly Appointed Chief Executive Officer of Endeavour Silver Corp.
- May 12, 2021Endeavour Silver Announces 2021 Annual General Meeting Results
- May 12, 2021Endeavour Silver Releases 2020 Sustainability Report
- May 11, 2021Endeavour Silver Reports Financial Results for the First Quarter 2021; Earnings Conference Call at 10am PDT (1pm EDT) Today
- May 4, 2021Endeavour Silver Intersects High-Grade Silver-Gold Mineralization at the Guanacevi Mine in Durango, Mexico
- April 12, 2021Endeavour Silver Closes Sale of El Cubo Mine to VanGold Mining
- April 8, 2021Endeavour Silver Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver Equivalents in Q1, 2021
- March 30, 2021Endeavour Silver Announces Board and Management Succession Plans
- March 17, 2021Endeavour Silver Signs Definitive Agreement to Sell the El Cubo Mine in Guanajuato, Mexico to VanGold Mining; Endeavour to be Added to the S&P/TSX Composite and NYSE Arca Gold Miners (GDX ETF) Indices
- March 1, 2021Endeavour Silver Reports $19.9 Million Earnings in the Fourth Quarter, 2020 and $1.2 Million Earnings for the Full Year, 2020
- February 3, 2021Endeavour Silver Updates 2020 Mineral Reserve and Resource Estimates
- February 1, 2021Endeavour Silver Grants Option to Purchase Guadalupe y Calvo Project in Chihuahua, Mexico to Ridgestone Mining
- January 28, 2021Endeavour Silver Provides 2021 Production and Cost Guidance, Forecasting 3.6-4.3 Million oz Silver and 31,000-35,500 oz Gold, or 6.1-7.1 Million oz Silver Equivalent
- January 7, 2021Endeavour Silver Reports Highest Quarterly Production in Two Years; Produces 1,117,289 oz Silver and 12,586 oz Gold (2.1 Million oz Silver Equivalents) in Fourth Quarter, 2020
- December 18, 2020Endeavour Silver Agrees to Sell El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. for US$15 Million Plus Additional Contingent Payments
- December 1, 2020Endeavour Silver Drilling Intersects High-Grade Gold-Silver Mineralization At The Bolanitos Mine In Guanajuato, Mexico
- November 18, 2020Endeavour Silver Expands Terronera Project In Jalisco, Mexico, Acquires Two Adjacent Properties Covering Multiple Mineralized Veins
- November 12, 2020Endeavour Silver Continues To Intersect High-Grade Gold-Silver Mineralization At Guanacevi, Durango, Mexico
- November 5, 2020Endeavour Silver Reports Financial Results For Third Quarter 2020, Conference Call At 10am PST (1pm EST) Today
- October 8, 2020Endeavour Silver Produces 942,274 Oz Silver And 10,260 Oz Gold (1.8 Million Oz Silver Eq.) In Third Quarter, 2020; Hosting Video Zoom Update On October 13, 2020
- October 1, 2020Endeavour Silver Announces At-The-Market Offering Of Up To Us$60 Million
- September 15, 2020Endeavour Silver Appoints Don Gray As Coo, Awards Feasibility Study For Terronera Project To Wood PLC
- August 6, 2020Endeavour Silver Files PFS Technical Report For The Terronera Project
- August 4, 2020Endeavour Silver Reports Financial Results For The Second Quarter 2020; Conference Call At 10am PDT (1pm EDT) Today
- July 29, 2020Endeavour Silver Reschedules To Report Second Quarter 2020 Financial Results And Conference Call On August 4, 2020
- July 14, 2020Endeavour Silver Announces Robust Economics In Final Pre-Feasibility Study On The Terronera Mine Project In Jalisco State, Mexico; Video Webcast And Q&A On July 14, 2020
- July 9, 2020Endeavour Silver Produces 596,545 Oz Silver And 5,817 Oz Gold In Abbreviated Second Quarter, 2020
- June 2, 2020Endeavour Silver Intersects New High-Grade Gold-Silver Mineralization On The El Curso Property At The Guanacevi Mine In Durango, Mexico
- May 28, 2020Endeavour Silver Restarts Mining Operations In Mexico
- May 20, 2020Endeavour Silver Drilling Intersects New High-Grade Gold-Silver Mineralization In Melladito Vein At Bolanitos Mine, Guanajuato, Mexico
- May 14, 2020Endeavour Silver Announces At-The-Market Offering Of Up To US$23 Million
- May 13, 2020Endeavour Silver Announces 2020 Annual General Meeting Results
- May 12, 2020Endeavour Silver Releases 2019 Annual Review And Sustainability Report
- May 8, 2020Endeavour Silver Reports Financial Results For The First Quarter 2020; Earnings Conference Call At 10am PDT (1pm EDT) Today
- May 6, 2020Endeavour Silver Reschedules To Report First Quarter 2020 Financial Results And Conference Call On May 8, 2020
- April 29, 2020Mexican Government Decrees Restart Of Non-Essential Activities Such As Mining In Areas With No Or Low Sars-Cov2 Virus Cases On May 18, 2020; Endeavour Silver Files Final Base Shelf Prospectus
- April 9, 2020Endeavour Silver Produces 857,659 Oz Silver And 8,476 Oz Gold, In The First Quarter, 2020 - In Line With Guidance Prior To Suspension - Video Webcast And Q&A On April 14, 2020
- April 2, 2020Mexican Government Declares Covid-19 National Health Emergency, Only Essential Services To Remain Open, Endeavour Silver Suspending Its Mexican Mining Operations Until April 30, 2020
- March 18, 2020Endeavour Silver Implements Plans To Minimize Covid-19 Risks; Initiates Internal Review Of Terronera Prefeasibility Study
- February 24, 2020Endeavour Silver Reports Financial Results For The Fourth Quarter And 2019 Full Year
- February 13, 2020Endeavour Silver Appoints Director, Project Development
- January 31, 2020Endeavour Silver Provides 2020 Production And Cost Guidance, Forecasting 3.0-3.5 Million Oz Silver And 38,000-44,000 Oz Gold, Or 6.0-7.0 Million Oz Silver Equivalent
- January 29, 2020Endeavour Silver Updates 2019 Mineral Reserve And Resource Estimates
- January 10, 2020Endeavour Silver Produces 4,018,735 Oz Silver And 38,907 Oz Gold (7.1 Million Oz Silver Equivalents) In 2019
- November 21, 2019Endeavour Silver To Suspend Operations At The El Cubo Mine In Mexico
- November 12, 2019Endeavour Silver Reports Initial Drill Results For The El Curso Property Adjacent To The Guanacevi Mine In Durango, Mexico, Including 1,182 gpt Silver And 3.07 gpt Gold Over 5.1 M True Width
- November 5, 2019Endeavour Silver Reports Third Quarter, 2019 Financial Results, Conference Call At 10am PST (1pm EST) Today
- October 23, 2019Endeavour Silver Reports Infill Drill Results For The Parral Project In Chihuahua, Mexico Including 308 gpt Silver Over 11.6 M True Width
- October 9, 2019Endeavour Silver Produces 948,547 Oz Silver And 9,716 Oz Gold (1.7 Million Oz Silver Equivalents) In The Third Quarter, 2019; Provides Development And Exploration Project Updates
- August 14, 2019Endeavour Silver Reports Positive Exploration Results For The Parral Project In Chihuahua, Mexico Including 332 gpt Silver Over 13.1 M True Width
- August 8, 2019Endeavour Silver Reports Second Quarter, 2019 Financial Results; Conference Call At 10am Pdt (1pm EDT) Today
- July 15, 2019Endeavour Silver Acquires Exploration And Exploitation Rights To Two Properties Adjacent To The Guanacevi Mine, Durango State, Mexico
- July 10, 2019Endeavour Silver Produces 1,059,322 Oz Silver And 9,558 Oz Gold (1.8 Million Oz Silver Equivalents) In The Second Quarter, 2019
- July 2, 2019Endeavour Silver Reports Fatal Accident At The Bolanitos Mine
- June 18, 2019Endeavour Silver Receives Final Tailings Permit For The Terronera Mine Project In Jalisco State, Mexico
- June 5, 2019Endeavour Silver Reports High Grade Silver-Gold Drill Intersections At The Guanacevi Mine, Durango, Mexico
- May 30, 2019Endeavour Silver Provides Update On Mining Operations
- May 22, 2019Endeavour Silver Reports High Grade Silver-Gold Drill Intersections From 2019 Exploration Program At The Bolanitos Mine, Guanajuato, Mexico
- May 9, 2019Endeavour Silver Announces 2019 Annual General Meeting Results
- May 7, 2019Endeavour Silver Releases 2018 Annual Review And Sustainability Report And Files Updated Technical Report For The Terronera Project
- May 6, 2019Endeavour Silver Reports First Quarter, 2019 Financial Results; Conference Call At 10am PDT (1pm EDT) Today
- April 11, 2019Endeavour Silver Produces 1,071,355 Oz Silver And 10,055 Oz Gold (1.9 Million Oz Silver Equivalent) In The First Quarter, 2019
- April 1, 2019Endeavour Silver Achieves Commercial Production At El Compas Mine In Zacatecas, Mexico
- February 25, 2019Endeavour Silver Reports 2018 Financial Results; Conference Call At 10am PDT (1pm EDT) Today
- January 31, 2019Endeavour Silver Introduces Portfolio Of Exploration Projects In Chile, Reviews Growth Strategies And 2019 Exploration Plans, Hosting Growth Webinar Today, 10 AM PT
- January 24, 2019Endeavour Silver Provides 2019 Production And Cost Guidance, Production Forecast 4.4-5.2 Million Oz Silver And 46,200-52,200 Oz Gold, For 8.1-9.4 Million Oz Silver Equivalent
- January 21, 2019Endeavour Silver Updates 2018 Mineral Reserve And Resource Estimates
- January 10, 2019Endeavour Silver Produces 5.5 Million Oz Silver And 52,967 Oz Gold For 9.5 Million Oz Silver Equivalents In 2018
- December 17, 2018Endeavour Silver Provides Early Review Of El Cubo Mine Plan For 2019
- December 12, 2018Endeavour Silver Reports Positive Surface Drilling And Underground Sampling Results For The Parral Project, Chihuahua, Mexico
- November 28, 2018Endeavour Silver Reports High Grade Silver-Gold Intersections In Multiple Veins From 2018 Drill Program At The Bolanitos Mine, Guanajuato, Mexico
- October 31, 2018Endeavour Silver Reports Third Quarter, 2018 Financial Results; Conference Call At 10am Pt (1pm Et) Today
- October 15, 2018Endeavour Appoints Vice President, Operations
- October 11, 2018Endeavour Silver Produces 1,428,828 Oz Silver And 12,968 Oz Gold (2.4 Million Oz Silver Equivalents) In The Third Quarter, 2018
- September 19, 2018Endeavour Silver Reports Multiple High Grade Infill Drill Intercepts And Files Prefeasibility Study Technical Report For The Terronera Mine Project, Jalisco, Mexico
- August 30, 2018Endeavour Silver Reports Updated Ni 43-101 Mineral Resource And Reserve Estimates And An Updated Pre-Feasibility Study For The Terronera Mine Project, Jalisco, Mexico
- August 29, 2018Endeavour Silver Reports Company-Wide Initiatives To Reduce Capital, Operating And Other Costs, Temporary Halt Of El Compas Plant Operations To Re-Commission The Tailings Facility
- August 2, 2018Endeavour Silver Reports Second Quarter, 2018 Financial Results; Conference Call At 10am PDT (1pm EDT) Today
- July 25, 2018Endeavour Silver Drilling Intersects 269 Gpt Silver And 5.5 Gpt Gold Over 1.1 Metres (19.9 Opt Ageq Over 3.6 Ft) At Calicanto Property, Zacatecas, Mexico And Provides Development Update For The El Compas Mine
- July 10, 2018Endeavour Silver Produces 1,355,895 Oz Silver And 13,674 Oz Gold (2.4 Million Oz Silver Equivalents) In The Second Quarter, 2018
- June 27, 2018Endeavour Silver Drilling Intersects 618 Gpt Silver And 3.2 Gpt Gold Over 21.2 Metres (25.1 Opt Ageq Over 69.6 Ft) At Terronera Project, Jalisco, Mexico
- June 13, 2018Endeavour Silver Announces At-The-Market Offering Of Up To Us$35.7 Million
- May 29, 2018Endeavour Appoints Vice President, New Projects
- May 14, 2018Endeavour Silver Drilling Intersects High Grade Silver-Gold-Lead-Zinc Mineralization In The San Patricio Vein System On The Parral Property; Provides Positive Results For Metallurgical Testing At Parral Properties
- May 7, 2018Endeavour Silver Announces 2018 Annual General Meeting Results
- May 3, 2018Endeavour Silver Reports First Quarter, 2018 Financial Results; Conference Call At 9am PDT (12pm EDT) Today
- May 2, 2018Endeavour Silver Releases 2017 Annual Review And Sustainability Report
- April 18, 2018Mexico Management Appointments And Departure
- April 13, 2018Endeavour Silver Files Final Base Shelf Prospectus
- April 9, 2018Endeavour Silver Produces 1,350,840 Oz Silver And 13,208 Oz Gold (2.3 Million Oz Silver Equivalents) In The First Quarter, 2018; Provides Update Of The El Compas Mine Development Project
- March 27, 2018Endeavour Silver Updates Progress On Terronera Silver-Gold Mine Project In Jalisco, Mexico
- February 26, 2018Endeavour Silver Reports 2017 Financial Results; Conference Call At 10am PST (1pm Est) Today
- February 20, 2018Endeavour Silver Updates Development Progress And Improves Operating Metrics Of The El Compas Gold-Silver Mine Project In Zacatecas, Mexico
- February 7, 2018Endeavour Silver Updates Mineral Reserve And Mineral Resource Estimates For Its Operating Mines And Development Projects And Reports Initial Mineral Resource Estimate For New Parral Properties
- January 25, 2018Endeavour Silver Provides 2018 Production And Cost Guidance, Targeting 20% Increase In Production To 5.8-6.4 Million Oz Silver And 58-64,000 Oz Gold For 10.2-11.2 Million Oz Silver Equivalent
- January 10, 2018Endeavour Silver Produces 4.9 Million Oz Silver And 53,007 Oz Gold For 8.9 Million Oz Silver Equivalent In 2017
- December 4, 2017Endeavour Silver Drilling Discovers High Grade Silver-Gold Mineralization In The Misie And Calicanto Vein Systems On The Calicanto Property, Zacatecas, Mexico
- November 15, 2017Endeavour Silver Drilling Discovers Potential Bulk Tonnage Silver Mineralization In The Palmilla Mine Area, Parral Project, Chihuahua, Mexico
- November 2, 2017Endeavour Silver Reports Financial Results For Third Quarter, 2017
- November 1, 2017Endeavour Silver Appoints New Director Of Investor Relations
- October 24, 2017Endeavour Silver Drilling Verifies High Grade Silver Mineralization In The Veta Colorada On The Parral Project, Chihuahua, Mexico
- October 10, 2017Endeavour Silver Produces 1,262,064 Oz Silver And 13,648 Oz Gold (2.2 Million Oz Silver Equivalents) In The Third Quarter, 2017
- September 11, 2017Endeavour Silver And Capstone Mining Exchange Mineral Rights On Adjacent Properties In Zacatecas, Mexico
- August 30, 2017Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization In Santa Cruz Vein At The Guanaceví Mine In Durango, Mexico
- August 15, 2017Endeavour Silver Drilling Continues To Intersect High Grade Mineralization In The La Luz Vein On The Terronera Property In Jalisco, Mexico
- August 10, 2017Endeavour Silver Appoints New Vice President, Engineering To Lead New Technical Services And Mine Development Group
- August 3, 2017Endeavour Silver Reports Financial Results For Second Quarter, 2017; Updates On Development Projects And 2017 Guidance
- July 12, 2017Endeavour Silver Produces 1,143,788 Oz Silver And 13,058 Oz Gold (2.1 Million Oz Silver Equivalents) In The Second Quarter, 2017
- June 20, 2017Endeavour Silver Releases 2016 Annual Review And Sustainability Report
- June 12, 2017Endeavour Silver Completes Review Of Director’s Agm Election Status
- June 6, 2017Endeavour Silver Acquires Additional Properties In Zacatecas, Mexico
- May 4, 2017Endeavour Silver Announces 2017 Annual General Meeting Results
- May 3, 2017Endeavour Silver Reports First Quarter, 2017 Financial Results; Conference Call At 9am Pdt (12pm Edt) Today
- April 11, 2017Endeavour Silver Produces 1,076,974 Oz Silver And 11,724 Oz Gold (1.9 Million Oz Silver Equivalents) In The First Quarter, 2017
- April 3, 2017Endeavour Silver Reports Updated Ni 43-101 Mineral Resource And Reserve Estimates And Pre-Feasibility Study For Terronera Mine, Jalisco, Mexico
- March 27, 2017Endeavour Silver Reports Initial Ni 43-101 Mineral Resource Estimate And Preliminary Economic Assessment For El Compas Mine, Zacatecas, Mexico
- March 16, 2017Endeavour Silver Expands High-Grade Silver-Gold Mineralized Zones In Terronera And La Luz Veins On The Terronera Property In Jalisco, Mexico
- March 2, 2017Endeavour Silver Reports 2016 Financial Results;Conference Call At 10am Pst (1pm Est) On March 2, 2017
- February 23, 2017Endeavour Silver To Release 2016 Financial Results On March 2, 2017
- February 1, 2017Endeavour Silver Appoints New Vice President, Operations And Country Manager, Mexico
- January 25, 2017Endeavour Silver Provides Production And Cost Guidance For 2017
- January 19, 2017Endeavour Silver Updates Reserves And Resources For Operating Mines
- January 10, 2017Endeavour Silver Produces 5.4 Million Oz Silver And 57,375 Oz Gold In 2016
- December 13, 2016Endeavour Silver Drill Programs Discover New High-Grade, Silver-Gold Mineralized Zones at the El Compas and Terronera Properties in Mexico
- November 3, 2016Endeavour Silver Reports Financial Results for Third Quarter, 2016;Conference Call at 11am PDT (2pm EDT) Today
- November 1, 2016Endeavour Silver Completes Acquisition of Parral Properties from Silver Standard
- October 24, 2016Endeavour Silver Continues to Define High Grade, Silver-Gold Vein Mineralization at Terronera Property in Jalisco State, Mexico
- October 11, 2016Endeavour Silver Produces 1,284,646 oz Silver and 14,364 oz Gold (2.4 Million oz Silver Equivalents) in the Third Quarter, 2016
- September 14, 2016Endeavour Silver Signs Agreement to Acquire Exploration Properties in Parral District, Chihuahua, Mexico from Silver Standard
- August 11, 2016Endeavour Silver President and COO Godfrey Walton Assumes the Responsibilities of VP of Operations and Country Manager
- August 3, 2016Endeavour Silver Reports Financial Results for Second Quarter, 2016;Conference Call at 10am PDT (1pm EDT) Today
- July 11, 2016Endeavour Silver Produces 1,551,851 oz Silver and 15,649 oz Gold (2.6 Million oz Silver Equivalents) in the Second Quarter, 2016; Revises 2016 Operating Plan and Raises 2016 Production Guidance
- June 27, 2016Endeavour Silver Outlines Several Prospective New Silver-Gold Veins on the Terronera Property in Jalisco State, Mexico
- June 2, 2016Endeavour Silver Appoints New Vice President, Corporate Development
- May 30, 2016Endeavour Silver Completes Acquisition of Oro Silver Resources Ltd.
- May 27, 2016Endeavour Silver Announces Annual General Meeting Results
- May 9, 2016Endeavour Silver Signs Definitive Agreement to Acquire Oro Silver Resources and Its El Compas Gold-Silver Mine Property and Leased Plant From Canarc Resource
- May 5, 2016Endeavour Silver Announces At-The-Market Offering of up to US$40 Million
- May 5, 2016Endeavour Silver Reports First Quarter, 2016 Financial Results; Conference Call at 10am PDT (1pm EDT) Today
- April 27, 2016Endeavour Silver Revises Q1 Earnings Date to May 5, 2016
- April 26, 2016Endeavour Silver Completes US$16 Million At-the-Market Equity Financing
- April 25, 2016Endeavour Silver Files Preliminary Base Shelf Prospectus
- April 8, 2016Endeavour Silver Produces 1,510,065 oz Silver and 15,960 oz Gold (2.7 Million oz Silver Equivalents) in the First Quarter, 2016
- March 4, 2016Endeavour Silver Reports 2015 Financial Results; Conference Call at 10am PST (1pm EST) on March 4, 2016
- February 19, 2016Endeavour Silver to Release 2015 Fourth Quarter and Year-End Financial Results on March 4, 2016
- January 28, 2016Endeavour Silver Provides Production and Cost Guidance for 2016; Conference Call at 10:00am PST Today
- January 21, 2016Endeavour Silver Updates Reserve and Resource Estimates; Deep Drilling Intersects Highest Grades Yet at Terronera
- January 12, 2016Endeavour Silver Produces 7.2 Million oz Silver and 60,000 oz Gold in 2015
- November 25, 2015Endeavour Silver Announces At-the-Market Offering of Up to US $16.5 Million
- November 2, 2015Endeavour Silver Reports Financial Results for Third Quarter, 2015; Conference Call at 11am PST (2pm EST) on November 2, 2015
- October 28, 2015Endeavour Silver Announces Revised Date for Release of Third Quarter, 2015 Financial Results; Provides Emergency Supplies to Small Towns Near San Sebastian del Oeste, Jalisco, Mexico to Assist in Recovery From Hurricane Patricia
- October 8, 2015Endeavour Silver Produces 1,820,282 oz Silver and 15,319 oz Gold (2.9 Million oz Silver Equivalent) in the Third Quarter, 2015
- September 22, 2015Endeavour Silver Infill Drilling Confirms High Grade, Gold-Silver Mineralization at Terronera Property in Jalisco State, Mexico
- September 9, 2015Endeavour Silver Drilling Extends Three Zones of High Grade, Gold-Silver Mineralization in Santa Cruz Vein, Guanaceví Mine, Durango State, Mexico
- August 17, 2015Endeavour Silver Drilling Intersects High Grade, Gold-Silver Mineralization in Three Historic Veins on Bolanitos Property, Guanajuato State, Mexico
- August 6, 2015Endeavour Silver Reports Financial Results for Second Quarter, 2015; LOC Debt Reduced by $4 Million, Cash Holdings Increased by $5.5 Million; Conference Call at 10am PDT (1pm EDT) on August 6, 2015
- July 9, 2015Endeavour Silver Produces 1,769,741 oz Silver and 13,047 oz Gold (2.7 Million oz Silver Equivalent) in the Second Quarter, 2015
- June 15, 2015Ball Mill Repaired and Plant Operations Back to Normal at Bolanitos Mine; Second Mine Contractor Commences Work at El Cubo Mine
- June 5, 2015Endeavour Silver Reports Ball Mill Down for Repairs at Bolanitos Mine; No Material Impact on Production Anticipated
- June 1, 2015Endeavour Silver Infill Drilling Confirms Thick, High Grade, Silver-Gold Mineralization at Terronera Property, Jalisco State, Mexico
- May 11, 2015Endeavour Silver Releases Positive Preliminary Economic Assessment for the Terronera Project, Jalisco State, Mexico
- May 7, 2015Endeavour Silver Announces Annual General Meeting Results
- May 6, 2015Endeavour Silver Reports First Quarter, 2015 Financial Results; Conference Call at 9am PDT (12pm EDT) on May 6, 2015
- April 23, 2015Endeavour Silver Makes Minor Amendments to Stock Option Plan
- April 8, 2015Endeavour Silver Produces 1,820,050 oz Silver and 15,808 oz Gold (2.9 Million oz Silver Equivalents) in the First Quarter, 2015
- March 17, 2015Endeavour Silver Initiates Major Mine Expansion at El Cubo; Raises Production Guidance and Reduces Cost Guidance for 2015
- March 5, 2015Endeavour Silver Reports 2014 Financial Results; Conference Call at 1pm PST (4pm EST) Today, March 5, 2015
- February 5, 2015Endeavour Silver to Release 2014 Fourth Quarter and Year-End Financial Results on March 5, 2015
- January 29, 2015Endeavour Silver Updates Reserve and Resource Estimates, Provides Production and Cost Guidance for 2015; Conference Call at 10:00am PST Today
- January 12, 2015Endeavour Silver Reports Record Silver Production in 4th Quarter, 2014 and 10th Consecutive Year of Higher Silver Production
March 2, 2023
Endeavour Silver Reports Solid 2022 Financial Results: Earnings Conference Call at 9am PST (12pm EST) Time
VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce its financial and operating results for the year ended December 31, 2022. All dollar amounts are in US dollars (US$).
“Our strong and reliable operating performance resulted in robust 2022 financial results. We are especially pleased to have delivered against our all-in sustaining cost guidance of less than $20 per ounce, despite industrywide inflationary pressures, as a result of our strong production performance. Cost control will continue to be a key focus for the operations group in 2023, as we find pockets of cost moderation and business improvements,” stated Dan Dickson, CEO of Endeavour Silver. “As silver prices rebounded in Q4, we were able to take advantage of the higher prices by selling almost half of the year’s projected sales towards the end of the year, which resulted in robust cash flow to fund our growth plans.”
Mr. Dickson added, “While the market anticipates the official construction decision at Terronera, our funding plan remains intact. We have been advancing development activities with our existing cash, while we confirm a viable debt financing package. We believe that project execution is the correct path for adding long-term value, as we position ourselves as a top silver investment vehicle for investors seeking industry leading growth.”
2022 Highlights
- Production Surpassed Guidance : Production of 5,963,445 ounces (oz) of silver and 37,548 oz of gold for 9.0 million oz silver equivalent (AgEq) 1 as compared to upward revised guidance of 7.6-8.0 million oz AgEq.
- Strong Revenue : Net revenue of $210.2 million from the sale of 6,464,869 oz of silver and 38,868 oz of gold at average realized prices of $22.07 per oz silver and $1,814 per oz gold.
- Costs Per Ounce Relatively In-Line with Guidance, Despite Industry-Wide Inflation : Cash costs (2) of $10.65 per oz payable silver were slightly above guidance due to increased labour, power, consumables and royalty costs and all-in sustaining costs (2) of $19.97 per oz is below cost guidance due to the increased silver oz produced.
- Healthy Balance Sheet : Cash position of $83.4 million and $93.6 million in working capital ( 2) . Cash decreased in the 4 th quarter, as funds were spent on development activities at Terronera.
- Increased Cash Flow : $54.0 million in operating cash flow before working capital changes (2) , and mine operating cash flow before taxes (2) of $78.5 million.
- Net Income : Net earnings of $6.2 million, or $0.03 per share, were impacted by inflationary pressures and a reduction in the realized silver price as compared to the prior year.
- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) ( 2) : Generated EBITDA of $51.9 million, 6% decrease from prior year due to the lower realized silver prices offset by the increased production.
- Construction Preparation Advances at the Terronera Project : Progress on development activities include onsite delivery of mobile mining equipment, procurement of major equipment, and assembly of initial project infrastructure such as the temporary mine maintenance shop and a permanent camp facility. Earthworks included site clearing, road upgrades and underground mine access development.
- Financial Due Diligence Continues on Financing the Terronera Project : The Company intends to make a formal construction decision subject to completion of a financing package and receipt of additional amended permits in the coming months.
- Published Initial Mineral Resource Estimate for the Pitarrilla Project : One of the world’s largest undeveloped silver projects, Pitarrilla will form the cornerstone of the Company’s growth profile, together with Terronera and Parral (see N ews Release dated December 8, 2022 ).
Financial Overview (see appendix for consolidated financial statements)
Three Months Ended December 31 2022 Highlights Year Ended December 31 2022 2021 % Change 2022 2021 % Change Production 1,830,835 1,443,564 27% Silver ounces produced 5,963,445 4,870,787 22% 10,370 9,446 10% Gold ounces produced 37,548 42,262 (11%) 1,816,813 1,432,578 27% Payable silver ounces produced 5,912,509 4,826,681 22% 10,196 9,261 10% Payable gold ounces produced 36,901 41,438 (11%) 2,660,435 2,199,244 21% Silver equivalent ounces produced ( 1) 8,967,285 8,251,747 9% 11.65 8.65 35% Cash costs per silver ounce ( 2)(3) 10.65 9.31 14% 15.03 11.99 25% Total production costs per ounce ( 2)(4) 14.70 14.70 0% 19.38 19.48 (1%) All-in sustaining costs per ounce (2)(5) 19.97 20.34 (2%) 224,289 213,492 5% Processed tonnes 834,542 887,424 (6%) 135.71 112.91 20% Direct operating costs per tonne ( 2)(6) 130.80 115.36 13% 177.35 136.62 30% Direct costs per tonne ( 2)(6) 155.63 133.97 16% 14.86 13.41 11% Silver co-product cash costs ( 7) 14.35 15.11 (5%) 1,212 1,038 17% Gold co-product cash costs ( 7) 1,180 1,072 10% Financial 82.0 48.5 69% Revenue ($ millions) 210.2 165.3 27% 2,816,882 1,413,699 99% Silver ounces sold 6,464,869 3,856,883 68% 11,843 8,715 36% Gold ounces sold 38,868 39,113 (1%) 21.86 23.41 (7%) Realized silver price per ounce 22.07 25.22 (12%) 1,783 1,811 (2%) Realized gold price per ounce 1,814 1,790 1% 8.0 (0.5) 1790% Net earnings (loss) ($ millions) 6.2 14.0 (56%) 8.1 4.6 74% Adjusted net earnings (loss) (11) ($ millions) 6.9 (6.5) 206% 21.7 12.2 77% Mine operating earnings ($ millions) 51.5 36.4 42% 30.7 18.2 68% Mine operating cash flow before taxes ($ millions) ( 8) 78.5 61.9 27% 22.5 10.7 110% Operating cash flow before working capital changes ( 9) 54.0 32.2 68% 22.7 10.7 111% EBITDA ( 10) ($ millions) 51.9 54.9 (6%) 93.6 121.2 (23%) Working capital (12) ($ millions) 93.6 121.2 (23%) Shareholders 0.04 0.00 400% Earnings (loss) per share – basic ($) 0.03 0.08 (63%) 0.12 0.06 89% Operating cash flow before working capital changes per share ( 9) 0.30 0.19 53% 189,993,085 170,518,894 11% Weighted average shares outstanding 183,009,339 167,289,732 9% (1) Silver equivalent (AgEq) is calculated using an 80:1 silver:gold ratio.
(2) These are non-IFRS financial measures and ratios. Further details on these non-IFRS financial measures and ratios are provided at the end of this press release and in the MD&A accompanying the Company’s financial statements on SEDAR at www.sedar.com .
For the year ended December 31, 2022, net revenue, net of $3.0 million of smelting and refining costs, increased by 27% to $210.2 million (2021: $165.3 million).
Gross sales of $213.2 million in 2022 represented a 27% increase over the $167.3 million in 2021. Silver oz sold increased by 68% with a 12% decrease in the realized silver price, resulting in a 47% increase in silver sales. Gold oz sold increased by 1% with a 1% increase in the realized gold price, resulting in a 1% increase in gold sales. During the period, the Company sold 6,464,869 oz silver and 38,868 oz gold for realized prices of $22.07 and $1,814 per oz, respectively, compared to sales of 3,856,883 oz silver and 39,113 oz gold for realized prices of $25.22 and $1,790 per oz, respectively, in 2021. In 2022, silver and gold London spot prices averaged $21.73 and $1,800, respectively.
The Company significantly decreased its finished goods silver and gold inventory to 530,250 oz and 1,707 oz, respectively, at December 31, 2022 compared to 1,082,610 oz silver and 3,674 oz gold at December 31, 2021. The cost allocated to these finished goods was $6.1 million at December 31, 2022 compared to $15.6 million at December 31, 2021. At December 31, 2022, the finished goods inventory fair market value was $15.8 million, compared to $31.7 million at December 31, 2021. Earnings and other financial metrics, including mine operating cash flow ( 2) , operating cash flow (2) and EBITDA (2) were positively impacted by the decreased bullion inventory held at year end.
After cost of sales of $158.6 million (2021 - $128.9 million), an increase of 23%, mine operating earnings were $51.5 million (2021- $36.4 million). The increase in cost of sales was due to increased production, labour, power and consumables costs and significantly higher royalty costs. Cost of sales was also impacted by the increase in ounces sold during 2022, as the Company held less inventory at the end of 2022 than at the end of 2021. Royalties increased 29% to $17.8 million due to increased mining of the high-grade Porvenir and Porvenir Cuatro extensions at the Guanaceví operation, which are subject to higher royalty rates. During 2022 the Company’s operations experienced higher than budgeted costs due to global supply constraints, inflationary pressure, materials shortages, labour costs tracking higher than planned and increased purchased ore at the Guanaceví operation.
The Company had operating earnings of $23.5 million (2021: $22.3 million) after exploration and evaluation costs of $16.2 million (2021: $17.9 million), general and administrative costs of $10.6 million (2021: $10.1 million), care and maintenance cost of $0.6 million (2021: $1.3 million), and a write-off of exploration properties of $0.7 million (2021: $0.7 million). In 2021, there was also an impairment reversal of $16.8 million, resulting from the valuation assessment performed for the El Cubo mine and related assets upon classification as held for sale, and severance cost of $0.7 million.
Earnings before income taxes were $25.0 million (2021: $29.7 million) after finance costs of $1.3 million (2021: $1.0 million), a foreign exchange gain of $1.9 million (2021: loss of $1.1 million), a net gain on disposal of assets of $2.5 million primarily generated by the gain on the sale of the El Compas mine of $2.7 million (2021: gain on the sale of El Cubo mine and assets of $5.8 million) and investment and other expense of $1.6 million (2021: investment and other income of $3.7 million).
The Company realized net earnings for the period of $6.2 million (2021: $14.0 million) after an income tax expense of $18.8 million (2021: $15.7 million). Current income tax expense increased to $6.4 million (2021 - $3.5 million) due to increased profitability of the Guanacevi mine impacting both the current income tax and the special mining duty, while deferred income tax expense of $12.4 million is primarily due to the estimated use of loss carryforwards to reduce taxable income at Guanacevi (2021 – $12.2 million)
Direct operating costs ( 2) on a per tonne basis increased to $130.80, up 13% compared with 2021 due to higher operating costs at Guanaceví and Bolañitos and a 6% decrease in processed tonnes. Guanaceví and Bolañitos have seen increased labour, power and consumables costs primarily driven by inflationary pressure and at Guanaceví, third party ore purchased and operating development have increased compared to the prior year. Direct costs per tonne (2) increased to $155.63, up 16% compared to 2021 due to the increase in direct operating costs as well as the increase in royalty costs.
Consolidated cash costs per oz, net of by-product credits, increased to $10.65 primarily due to the higher direct costs per tonne partially offset by increased silver production due to increased silver grades. All-in sustaining costs decreased 2% to $19.97 per oz in 2022 due to the higher cash costs and a moderate increase in capital expenditures being allocated over the increased silver ozs produced. Actual cash cost metrics were slightly higher than 2022 cost guidance primarily due to the increased costs relating to labour, power, consumables, increased third party ore purchases, higher royalties and special mining duty offset by the higher ore grades mined at Guanacevi.
The complete financial statements and management’s discussion & analysis can be viewed on the Company’s website, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All shareholders can receive a hard copy of the Company’s complete audited financial statements free of charge upon request. To receive this material in hard copy, please contact Investor Relations at 604-640-4804, toll free at 1-877- 685-9775 or by email at moc.revlisrde@regelemg
Conference Call
A conference call to discuss the Company’s annual 2022 financial results will be held today at 9:00 a.m. PT / 12:00 p.m. ET. To participate in the conference call, please dial the numbers below.
Date & Time: Thursday, March 2, 2023 at 9:00 a.m. PT / 12:00 p.m. ET Telephone: Toll-free in Canada and the US +1-800-319-4610 Local or International +1-604-638-5340 Please allow up to 10 minutes to be connected to the conference call. Replay: A replay of the conference call will be available by dialing (toll-free)
+1-800-319-6413 in Canada and the US (toll-free) or +1-604-638-9010 outside of Canada and the US. The replay passcode is 9734#. The replay will also be available on the Company’s website at www.edrsilver.com .About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.
SOURCE Endeavour Silver Corp.
Contact Information:
Galina Meleger, VP, Investor Relations Email: moc.revlisrde@regelemg Website: www.edrsilver.com
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Endnotes
1 Silver equivalent ( AgEq )
AgEq is calculated using an 80:1 silver:gold ratio.
2 Non-IFRS and Other Financial Measures and ratios
Certain non-IFRS and other non-financial measures and ratios are included in this press release, including cash costs per silver ounce, total production costs per ounce, all-in costs per ounce, all-in sustaining cost (“AISC”) per ounce, direct operating costs per tonne, direct costs per tonne, silver co-product cash costs, gold co-product cash costs, realized silver price per ounce, realized gold price per ounce, adjusted net earnings (loss) adjusted net earnings (loss) per share, mine operating cash flow before taxes, working capital, operating cash flow before working capital adjustments, operating cash flow before working capital changes per share, earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted EBITDA per share and sustaining and growth capital.
Please see the December 31, 2022 MD&A for explanations and discussion of these non-IFRS and other non-financial measures and ratios. The Company believes that these measures and ratios, in addition to conventional measures and ratios prepared in accordance with International Financial Reporting Standards (“IFRS”), provide management and investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS and other non-financial measures and ratios are intended to provide additional information and should not be considered in isolation or as a substitute for measures or ratios of performance prepared in accordance with IFRS. These measures and ratios do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Certain additional disclosures for these non-IFRS measures have been incorporated by reference and can be found in the section “Non-IFRS Measures” in the December 31, 2022 MD&A available on SEDAR at www.sedar.com .
Reconciliation of Working Capital
Expressed in thousands US dollars As at December 31, 2022 As at December 31, 2021 Current assets $146,333 $161,762 Current liabilities 52,749 40,554 Working capital $93,584 $121,208 Reconciliation of Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) Per Share
Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 (except for share numbers and per share amounts) 2022 2021 2022 2021 Net earnings (loss) for the period per financial statements $7,961 ($471) $6,201 $13,955 Impairment (reversal) of non-current assets, net of tax - - - (16,791) Gain on disposal of El Cubo mine and equipment, net of tax - - - (5,807) Gain on disposal of El Compas mine and equipment, net of tax - - (2,733) - Change in fair value of investments 104 5,103 3,470 2,117 Adjusted net earnings (loss) $8,065 $4,632 $6,938 ($6,526) Basic weighted average share outstanding 189,993,085 170,518,894 183,009,339 167,289,732 Adjusted net earnings (loss) per share $0.04 $0.03 $0.04 ($0.04) Note : The Company defines the adjusted earnings as net income adjusted to include certain non-cash and unusual item, and items that in the Company’s judgement are subject to volatility as a result of factors which are unrelated to the Company’s operation in the period. Certain items that become applicable in a period may be adjusted for, with the Company retroactively presenting comparable periods with an adjustment for such items and, conversely, items no longer applicable may be removed from the calculation. During the current period, the Company has included changes in the fair value of its investments in marketable securities and made retroactive adjustments to prior periods for the same.
Reconciliation of Mine Operating Cash Flow Before Taxes
Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 2022 2021 2022 2021 Mine operating earnings per financial statements $21,655 $12,222 $51,525 $36,368 Share-based compensation 89 87 442 421 Amortization and depletion 8,945 5,014 25,179 23,977 Write down of inventory to net realizable value - 896 1,323 1,168 Mine operating cash flow before taxes $30,689 $18,219 $78,469 $61,934 Reconciliation of Operating Cash Flow Before Working Capital Changes and Operating Cash Flow Before Working Capital Changes Per Share
Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 (except for per share amounts) 2022 2021 2022 2021 Cash from (used in) operating activities per financial statements $44,391 $18,071 $54,993 $23,462 Net changes in non-cash working capital per financial statements 21,924 7,392 967 (8,776) Operating cash flow before working capital changes $22,467 $10,679 $54,026 $32,238 Basic weighted average shares outstanding 189,993,085 170,518,894 183,009,339 167,289,732 Operating cash flow before working capital changes per share $0.12 $0.06 $0.30 $0.19 Reconciliation of EBITDA and Adjusted EBITDA
Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 2022 2021 2022 2021 Net earnings (loss) for the period per financial statements $7,961 ($471) $6,201 $13,955 Depreciation and depletion – cost of sales 8,945 5,014 25,179 23,977 Depreciation and depletion – exploration 276 92 624 330 Depreciation and depletion – general & administration 58 63 214 165 Depreciation and depletion – care & maintenance - 30 71 55 Depreciation and depletion – inventory write down - - - 6 Finance costs 233 22 816 724 Current income tax expense 2,850 1,005 6,376 3,481 Deferred income tax expense 2,345 4,992 12,372 12,252 EBITDA $22,668 $10,747 $51,853 $54,945 Share based compensation 619 718 3,878 3,636 Impairment (reversal) of non-current assets, net of tax - - - (16,791) Gain on disposal of El Cubo mine and equipment, net of tax - - - (5,807) Gain on disposal of El Compas mine and equipment, net of tax - - (2,733) - Change in fair value of investments 104 5,103 3,470 2,117 Adjusted EBITDA $23,391 $16,568 $56,468 $38,100 Reconciliation of Cash Cost Per Silver Ounce, Total Production Costs Per Ounce, Direct Operating Costs Per Tonne, Direct Costs Per Tonne
Expressed in thousands US dollars Year Ended December 31, 2022 Year Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Direct production costs per financial statements $74,423 $39,457 $113,880 $51,761 $28,896 $8,946 $89,603 Smelting and refining costs included in net revenue - 3,029 3,029 - 1,715 244 1,959 Opening finished goods (10,093) (2,857) (12,950) (1,509) (250) (642) (2,401) Finished goods NRV adjustment - - - - - 266 266 Closing finished goods 4,953 245 5,198 10,093 2,857 - 12,950 Direct operating costs 69,283 39,874 109,157 60,345 33,218 8,814 102,377 Royalties 17,554 257 17,811 13,165 265 350 13,780 Special mining duty (1) 2,612 302 2,914 2,674 53 - 2,727 Direct costs 89,449 40,433 129,882 76,184 33,536 9,164 118,884 By-product gold sales (27,569) (42,932) (70,501) (22,639) (38,645) (8,738) (70,022) Opening gold inventory fair market value 1,900 4,784 6,684 735 746 1,283 2,764 Closing gold inventory fair market value (2,740) (354) (3,094) (1,900) (4,784) - (6,684) Cash costs net of by-product 61,040 1,931 62,971 52,380 (9,147) 1,709 44,942 Amortization and depletion 14,129 11,050 25,179 7,944 13,491 2,713 24,148 Share-based compensation 221 221 442 180 180 61 421 Opening finished goods depreciation and depletion (1,965) (635) (2,600) (271) (104) (804) (1,179) NRV depreciation and depletion cost adjustment - - - - - 6 6 Closing finished goods depreciation and depletion 862 79 941 1,965 635 - 2,600 Total production costs $74,287 $12,646 $86,933 $62,198 $5,055 $3,685 $70,938 Year Ended December 31, 2022 Year Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Throughput tonnes 412,303 422,239 834,542 414,355 418,514 54,555 887,424 Payable silver ounces 5,324,531 587,978 5,912,509 4,320,567 462,700 43,414 4,826,681 Cash costs per silver ounce $11.46 $3.28 $10.65 $12.12 ($19.77) $39.37 $9.31 Total production costs per ounce $13.95 $21.51 $14.70 $14.40 $10.93 $84.88 $14.70 Direct operating costs per tonne $168.04 $94.43 $130.80 $145.64 $79.37 $161.56 $115.36 Direct costs per tonne $216.95 $95.76 $155.63 $183.86 $80.13 $167.98 $133.97 Expressed in thousands US dollars Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Direct production costs per financial statements 33,586 9,235 42,821 18,689 7,329 (5) 26,013 Smelting and refining costs included in net revenue - 694 694 - 362 (4) 358 Opening finished goods (18,080) (195) (18,275) (12,910) (2,306) - (15,216) Closing finished goods 4,953 245 5,198 10,093 2,857 - 12,950 Direct operating costs 20,459 9,979 30,438 15,872 8,242 (9) 24,105 Royalties 8,430 49 8,479 4,199 79 4 4,282 Special mining duty (1) 845 16 861 932 (152) - 780 Direct costs 29,734 10,044 39,778 21,003 8,169 (5) 29,167 By-product gold sales (11,591) (9,527) (21,118) (7,293) (8,380) (112) (15,785) Opening gold inventory fair market value 5,368 240 5,608 2,127 3,560 - 5,687 Closing gold inventory fair market value (2,740) (354) (3,094) (1,900) (4,784) - (6,684) Cash costs net of by-product 20,771 403 21,174 13,937 (1,435) (117) 12,385 Amortization and depletion 6,160 2,785 8,945 2,181 2,827 177 5,185 Share-based compensation 45 44 89 43 44 - 87 Opening finished goods depreciation and depletion (3,776) (60) (3,836) (1,920) (1,171) - (3,091) Closing finished goods depreciation and depletion 862 79 941 1,965 635 - 2,600 Total production costs $24,062 $3,251 $27,313 $16,206 $900 $66 $17,172 Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Throughput tonnes 119,305 104,984 224,289 108,334 105,158 N/A 213,492 Payable silver ounces 1,675,322 141,491 1,816,813 1,298,036 134,178 364 1,432,578 Cash costs per silver ounce $12.40 $2.85 $11.65 $10.74 ($10.69) N/A $8.65 Total production costs per ounce $14.36 $22.98 $15.03 $12.49 $6.71 N/A $11.99 Direct operating costs per tonne $171.48 $95.05 $135.71 $146.51 $78.38 N/A $112.91 Direct costs per tonne $249.23 $95.67 $177.35 $193.87 $77.68 N/A $136.62 Reconciliation of All-In Costs Per Ounce and AISC per ounce
Expressed in thousands US dollars Year Ended December 31, 2022 Year Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Cash costs net of by-product $61,040 $1,931 $62,971 $52,380 ($9,147) $1,709 $44,942 Operations share-based compensation 221 221 442 180 180 61 421 Corporate general and administrative 5,439 1,951 7,390 4,564 2,082 329 6,975 Corporate share-based compensation 2,214 795 3,009 1,912 873 138 2,923 Reclamation - amortization/accretion 268 211 479 100 83 9 192 Mine site expensed exploration 1,351 1,158 2,509 1,611 1,216 198 3,025 Intangible payments 30 11 41 250 114 18 382 Equipment loan payments 981 1,955 2,936 1,099 2,082 - 3,181 Capital expenditures sustaining 26,561 11,756 38,317 21,964 14,150 - 36,114 All-In-Sustaining Costs $98,105 $19,989 $118,094 $84,060 $11,633 $2,462 $98,155 Growth exploration and evaluation 12,626 14,277 Growth capital expenditures 35,450 7,872 All-In-Costs $166,170 $120,304 Year Ended December 31, 2022 Year Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Throughput tonnes 412,303 422,239 834,542 414,355 418,514 54,555 887,424 Payable silver ounces 5,324,531 587,978 5,912,509 4,320,567 462,700 43,414 4,826,681 Silver equivalent production (ounces) 6,599,353 2,367,932 8,967,285 5,398,927 2,463,572 389,248 8,251,747 Sustaining cost per ounce $18.43 $34.00 $19.97 $19.46 $25.14 $56.71 $20.34 All-In-costs per ounce $28.10 $24.92 Expressed in thousands US dollars Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Cash costs net of by-product $20,771 $403 $21,174 $13,937 ($1,435) ($117) $12,385 Operations share-based compensation 45 44 89 43 44 - 87 Corporate general and administrative 1,771 506 2,277 1,538 578 22 2,138 Corporate share-based compensation 365 67 432 439 141 (11) 569 Reclamation - amortization/accretion 70 53 123 62 50 2 114 Mine site expensed exploration 323 295 618 251 448 - 699 Intangible payments - - - 72 26 - 98 Equipment loan payments 245 489 734 246 489 - 735 Capital expenditures sustaining 6,653 3,103 9,756 7,742 3,344 - 11,086 All-In-Sustaining Costs $30,243 $4,960 $35,203 $24,330 $3,685 ($104 $27,911 Growth exploration and evaluation 4,170 3,254 Growth capital expenditures 18,672 4,135 All-In-Costs $58,045 $35,300 Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Throughput tonnes 119,305 104,984 224,289 108,334 105,158 N/A 213,492 Payable silver ounces 1,675,322 141,491 1,816,813 1,298,036 134,178 364 1,432,578 Silver equivalent production (ounces) 2,075,243 585,192 2,660,435 1,612,741 581,418 5,085 2,199,244 Sustaining cost per ounce $18.05 $35.06 $19.38 $18.74 $27.46 ($285.98) $19.48 All-In-costs per ounce $31.95 $24.64 Reconciliation of Sustaining Capital and Growth Capital
Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 2022 2021 2022 2021 Capital expenditures sustaining $9,756 $11,086 $38,317 $36,114 Growth capital expenditures 18,672 4,135 35,450 7,872 Acquisition capital expenditures (50) 10,106 35,948 10,106 Property, plant and equipment expenditures per Consolidated Statement of Cash Flows $28,378 $25,327 $109,715 $54,092 Reconciliation of Silver Co-Product Cash Costs and Gold Co-Product Cash Costs
Expressed in thousands US dollars Year Ended December 31, 2022 Year Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Direct production costs per financial statements $74,423 $39,457 $113,880 $51,761 $28,896 $8,946 $89,603 Smelting and refining costs included in net revenue - $3,029 $3,029 - 1,715 244 1,959 Royalties 17,554 257 17,811 13,165 265 350 13,780 Special mining duty (1) 2,612 302 2,914 2,674 53 - 2,727 Opening finished goods (10,093) (2,857) (12,950) (1,509) (250) (642) (2,401) Finished goods NRV adjustment - - - - - 266 266 Closing finished goods 4,953 245 5,198 10,093 2,857 - 12,950 Direct costs 89,449 40,433 129,882 76,184 33,536 9,164 118,884 Year Ended December 31, 2022 Year Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Silver production (ounces) 5,340,553 622,892 5,963,445 4,333,567 491,412 45,808 4,870,787 Average realized silver price ($) 22.07 22.07 22.07 25.22 25.22 25.22 25.22 Silver value ($) 117,872,913 13,748,032 131,620,946 109,292,560 12,393,411 1,155,278 122,841,248 Gold production (ounces) 15,735 21,813 37,548 13,317 24,652 4,293 42,262 Average realized gold price ($) 1,814 1,814 1,814 1,790 1,790 1,790 1,790 Gold value ($) 28,541,042 39,565,666 68,106,709 23,837,430 44,127,080 7,684,470 75,648,980 Total metal value ($) 146,413,956 53,313,698 199,727,654 133,129,990 56,520,491 8,839,748 198,490,228 Pro-rated silver costs (%) 81% 26% 66% 82% 22% 13% 62% Pro-rated gold costs (%) 19% 74% 34% 18% 78% 87% 38% Pro-rated silver costs ($) 72,012 10,426 85,593 62,543 7,354 1,198 73,575 Pro-rated gold costs ($) 17,437 30,007 44,289 13,641 26,182 7,966 45,309 Silver co-product cash costs ($) 13.48 16.74 14.35 14.43 14.96 26.15 15.11 Gold co-product cash costs ($) 1,108 1,376 1,180 1,024 1,062 1,856 1,072 Expressed in thousands US dollars Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Direct production costs per financial statements $33,586 $9,235 $42,821 $18,689 $7,329 ($5) $26,013 Smelting and refining costs included in net revenue - 694 694 - 362 (4) 358 Royalties 8,430 49 8,479 4,199 79 4 4,282 Special mining duty (1) 845 16 861 932 (152) - 780 Opening finished goods (18,080) (195) (18,275) (12,910) (2,306) - (15,216) Closing finished goods 4,953 245 5,198 10,093 2,857 - 12,950 Direct costs $29,734 $10,044 $39,778 $21,003 $8,169 ($5) $29,167 Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 Guanaceví Bolañitos Total Guanaceví Bolañitos El Compas Total Silver production (ounces) 1,680,363 150,472 1,830,835 1,301,941 141,258 365 1,443,564 Average realized silver price ($) 21.86 21.86 21.86 23.41 23.41 23.41 23.41 Silver value ($) 36,725,566 3,288,676 40,014,242 30,478,439 3,306,850 8,545 33,793,833 Gold production (ounces) 4,936 5,434 10,370 3,885 5,502 59 9,446 Average realized gold price ($) 1,783 1,783 1,783 1,811 1,811 1,811 1,811 Gold value ($) 8,801,693 9,689,708 18,491,401 7,035,735 9,964,122 106,849 17,106,706 Total metal value ($) 45,527,258 12,978,384 58,505,642 37,514,174 13,270,972 115,394 50,900,539 Pro-rated silver costs (%) 81% 25% 68% 81% 25% 7% 66% Pro-rated gold costs (%) 19% 75% 32% 19% 75% 93% 34% Pro-rated silver costs ($) 23,986 2,545 27,206 17,064 2,036 - 19,365 Pro-rated gold costs ($) 5,748 7,499 12,572 3,939 6,133 (5) 9,802 Silver co-product cash costs ($) 14.27 16.91 14.86 13.11 14.41 (1.01) 13.41 Gold co-product cash costs ($) 1,165 1,380 1,212 1,014 1,115 (78) 1,038 Reconciliation of Realized Silver Price Per Ounce and Realized Gold Price Per Ounce
Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 2022 2021 2022 2021 Gross silver sales $61,565 $33,090 $142,688 $97,257 Silver ounces sold 2,816,881 1,413,699 6,464,868 3,856,883 Realized silver price per ounces $21.86 $23.41 $22.07 $25.22 Expressed in thousands US dollars Three Months Ended December 31 Years Ended December 31 2022 2021 2022 2021 Gross gold sales $21,118 $15,786 $70,501 $70,022 Gold ounces sold 11,843 8,715 38,868 39,113 Realized gold price per ounces $1,783 $1,811 $1,814 $1,790 Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the development and financing of the Terronera project, including anticipated decisions on construction and financing, estimation of mineral resources at Pitarrilla, prospects for Terronera, Pitarrilla and Parral, Endeavour’s anticipated performance in 2023 including changes in mining operations and forecasts of production levels, anticipated production costs and all-in sustaining costs, and the timing and results of various activities. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the ultimate impact of the COVID 19 pandemic on operations and results, changes in production and costs guidance, national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, availability of debt financing for the Terronera Project, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Appendix
ENDEAVOUR SILVER CORP. CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (LOSS) (expressed in thousands of US dollars, except for shares and per share amounts) Years ended December 31, December 31, 2022 2021 Revenue $ 210,160 $ 165,320 Cost of sales: Direct production costs 113,880 89,603 Royalties 17,811 13,783 Share-based payments 442 421 Depreciation, depletion and amortization 25,179 23,977 Write down of inventory to net realizable value 1,323 1,168 158,635 128,952 Mine operating earnings 51,525 36,368 Expenses: Exploration and evaluation 16,186 17,925 General and administrative 10,613 10,063 Care and maintenance costs 580 1,356 Impairment (reversal of impairment) of non-current assets, net - (16,791 ) Severance costs - 870 Write off of mineral properties 682 715 28,061 14,138 Operating earnings 23,464 22,230 Finance costs 1,300 985 Other income (expense): Foreign exchange gain (loss) 1,853 (1,131 ) Gain on asset disposal 2,503 5,841 Investment and other (1,571 ) 3,733 2,785 8,443 Earnings before income taxes 24,949 29,688 Income tax expense: Current income tax expense 6,376 3,481 Deferred income tax expense 12,372 12,252 18,748 15,733 Net earnings and comprehensive earnings for the year $ 6,201 $ 13,955 Basic earnings per share based on net earnings $ 0.03 $ 0.08 Diluted earnings per share based on net earnings $ 0.03 $ 0.08 Basic weighted average number of shares outstanding 183,009,339 167,289,732 Diluted weighted average number of shares outstanding 185,349,634 170,663,883 ENDEAVOUR SILVER CORP. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (expressed in thousands of US dollars) December 31, December 31, 2022 2021 ASSETS Current assets Cash and cash equivalents $ 83,391 $ 103,303 Other investments 8,647 11,200 Accounts and other receivables 13,136 14,462 Income tax receivable 4,024 177 Inventories 19,184 27,485 Prepaid expenses 16,951 5,135 Loans receivable 1,000 - Total current assets 146,333 161,762 Non-current deposits 565 599 Non-current income tax receivable 3,570 3,570 Non-current other investments 1,388 - Non-current IVA receivable 10,154 4,256 Non-current loans receivable 2,729 - Deferred income tax asset - 936 Intangible assets - 40 Right-of-use leased assets 806 664 Mineral properties, plant and equipment 233,892 122,197 Total assets $ 399,437 $ 294,024 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accounts payable and accrued liabilities $ 39,831 $ 31,991 Income taxes payable 6,616 4,228 Loans payable 6,041 4,128 Lease liabilities 261 207 Total current liabilities 52,749 40,554 Loans payable 8,469 6,366 Lease liabilities 812 794 Provision for reclamation and rehabilitation 7,601 7,397 Deferred income tax liability 12,944 1,506 Other non-current liabilities 968 - Total liabilities 83,543 56,617 Shareholders’ equity Common shares, unlimited shares authorized, no par value, issued, issuable and outstanding 189,995,563 shares (Dec 31, 2021 - 170,537,307 shares) 657,866 585,406 Contributed surplus 6,115 6,331 Retained earnings (deficit) (348,087 ) (354,330 ) Total shareholders’ equity 315,894 237,407 Total liabilities and shareholders’ equity $ 399,437 $ 294,024 ENDEAVOUR SILVER CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS (expressed in thousands of US dollars) Years ended December 31, December 31, 2022 2021 Operating activities Net earnings (loss) for the year $ 6,201 $ 13,955 Items not affecting cash: Share-based compensation 3,878 3,636 Depreciation, depletion and amortization 26,088 24,527 Impairment (reversal of impairment) of non-current assets, net - (16,791 ) Deferred income tax expense (recovery) 12,372 12,252 Unrealized foreign exchange loss (gain) 344 (176 ) Finance costs 1,300 985 Accretion of loans receivable (97 ) - Long term employee benefits 968 - Write off of mineral properties 682 715 Write down of warehouse inventory 1,323 894 Write down of inventory to net realizable value - 272 Loss (gain) on asset disposal (2,503 ) (5,914 ) Loss (gain) on other investments 3,470 (2,117 ) Net changes in non-cash working capital 967 (8,776 ) Cash from operating activities 54,993 23,462 Investing activities Proceeds on disposal of property, plant and equipment 350 10,113 Mineral properties, plant and equipment (109,715 ) (54,092 ) Purchase of other investments (2,119 ) (3,307 ) Proceeds from disposal of other investments - 9,288 Redemption of (investment in) non-current deposits 34 (8 ) Cash used in investing activities (111,450 ) (38,006 ) Financing activities Repayment of loans payable (5,054 ) (3,563 ) Repayment of lease liabilities (219 ) (179 ) Interest paid (790 ) (668 ) Public equity offerings 46,001 59,998 Exercise of options 1,607 4,719 Share issuance costs (2,885 ) (1,293 ) Performance and deferred share unit settlement (1,904 ) (2,363 ) Cash from financing activities 36,756 56,651 Effect of exchange rate change on cash and cash equivalents (211 ) 113 Increase in cash and cash equivalents (19,701 ) 42,107 Cash and cash equivalents, beginning of the year 103,303 61,083 Cash and cash equivalents, end of the year $ 83,391 $ 103,303 Supplemental cash flow information (Note 19) - Home
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