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Endeavour Silver Amends and Restates Project Loan Credit Facility to Include Additional Credit Facility of US$15 Million
Globenewswire· 2025-06-24 11:48
Core Viewpoint - Endeavour Silver Corp. has amended its senior secured debt facility, increasing the principal amount to $135 million to support the commissioning of the Terronera Project in Mexico and for general working capital purposes [1][2]. Financing Details - The Credit Facility was increased by $15 million, bringing the total to $135 million [2]. - Proceeds will be utilized for completing commissioning at the Terronera Project and for general working capital [2]. Risk Management Strategy - Terronera has implemented zero cost collars to manage silver price exposure, protecting the downside at $31.00 per ounce and allowing participation in silver price appreciation up to $42.00 for approximately 968,000 silver ounces over the next twelve months [3]. Project Progress - Commissioning activities at the Terronera Project are proceeding as planned and are aligned with management's expectations [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Endeavour Silver Announces 2025 Annual General Meeting Voting Results and Retirement of Ricardo Campoy
Globenewswire· 2025-06-03 21:39
Group 1 - Endeavour Silver Corp. held its 2025 Annual General Meeting where shareholders voted in favor of all items of business, with a total of 137,600,042 votes cast, representing 50.23% of outstanding common shares [1] - All director nominees were re-elected, with the following voting results: Rex J. McLennan received 82.59% in favor, Margaret M. Beck 98.83%, Daniel Dickson 99.22%, Amy Jacobsen 99.06%, Angela Johnson 98.08%, Kenneth Pickering 84.05%, and Mario D. Szotlender 98.34% [1] - Shareholders voted 98.50% in favor of setting the number of directors at seven and 86.58% in favor of re-appointing KPMG LLP as auditor [2] Group 2 - Ricardo Campoy retired after 14 years on the Board, and the Company expressed gratitude for his leadership and contributions [3] - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and is developing a new cornerstone mine in Jalisco state [4] - The Company has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [4]
Endeavour Silver Continues to Confirm High-Grade Structures During its 2024/2025 Drill Program at Pitarrilla
Globenewswire· 2025-06-03 10:50
Core Viewpoint - Endeavour Silver Corp. reported positive drill results from its Pitarrilla project in Durango, Mexico, indicating high-grade silver, zinc, and lead mineralization, which enhances confidence in upgrading existing mineral resources [1][21][22]. Drill Results Summary - Significant drill results from the Pitarrilla project include: - Hole BPU-022: 129 gpt Ag, 0.84% Pb, and 2.55% Zn for 242 gpt AgEq over 247 m, with high-grade intervals of 716 gpt Ag, 4.19% Pb, and 6.61% Zn for 1,062 gpt AgEq over 1.00 m [4][14]. - Hole BPD-505: 1,127 gpt Ag, 1.40% Pb, and 4.36% Zn for 1,319 gpt AgEq over 2.08 m ETW, including 4,630 gpt Ag, 2.26% Pb, and 3.49% Zn for 4,814 gpt AgEq over 0.20 m ETW [7][12]. - Hole BPD-506: 893 gpt Ag, 2.06% Pb, and 2.56% Zn for 1,038 gpt AgEq over 3.97 m ETW, with a notable interval of 5,090 gpt Ag, 9.22% Pb, and 0.84% Zn for 5,363 gpt AgEq over 0.23 m ETW [7][12]. Geological Context - The Pitarrilla deposit features three mineralized domains and at least four identified sulphide mineralized veins (Casas Blancas, Victoria, Danna, and Palmito) [5][6]. - The mineralized structures extend from below marine sediments through Manto Pitarrilla into the upper volcanics, remaining open at depth [6][21]. Project Overview - The Pitarrilla project is a large undeveloped silver, lead, and zinc project located 160 kilometers north of Durango City, covering 4,752 hectares across five concessions [23]. - The project has significant infrastructure and key permits in place for underground mining and development, including water use and discharge, explosives use, and soil change [23]. Company Background - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [24].
Endeavour Silver Announces Q1 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
Globenewswire· 2025-05-13 10:50
Core Viewpoint - Endeavour Silver Corp. reported strong financial and operational results for Q1 2025, driven by higher realized prices for silver and gold, despite a decrease in production volumes [2][4]. Financial Overview - Silver ounces produced decreased by 17% to 1,205,793 ounces compared to Q1 2024, while gold ounces produced fell by 18% to 8,338 ounces [4][10]. - Revenue remained relatively stable at $63.5 million, a slight decrease of 0% from $63.7 million in Q1 2024, despite a 30% drop in silver ounces sold [4][10]. - The realized silver price increased by 36% to $31.99 per ounce, and the realized gold price rose by 37% to $2,903 per ounce [4][10]. Production and Operating Costs - Cash costs per silver ounce rose by 20% to $15.89, while all-in sustaining costs increased by 14% to $24.48 per ounce [4][9]. - Direct operating costs per tonne increased by 6% to $142.72, attributed to lower throughput [8][10]. Earnings and Cash Flow - The company reported a net loss of $32.9 million for the quarter, a significant increase from a loss of $1.2 million in Q1 2024 [6][13]. - Mine operating cash flow before working capital changes was $8.3 million, down 18% from the previous year [5][10]. Liquidity and Investments - Endeavour maintained a strong liquidity position with cash of $64.7 million and working capital of $14.8 million [5][10]. - The company completed the acquisition of Minera Kolpa and closed a $50 million equity financing to fund this acquisition [5][10]. Future Outlook - The company is well-positioned for sustainable growth with the addition of the Kolpa project and the upcoming Terronera project [2][5].
Endeavor Bancorp Declares 2% Stock Dividend
GlobeNewswire News Room· 2025-05-09 13:00
SAN DIEGO, May 09, 2025 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced its Board of Directors has declared a 2% stock dividend to be distributed on May 22, 2025, to shareholders of record on May 9, 2025 (the “Record Date”). Shareholders will receive two additional shares of common stock for every 100 shares currently owned. A cash payment will be made in lieu of fractional shares in an amount equal to the ...
Endeavour Silver has Commenced Wet Commissioning Activities at its Terronera Project
Globenewswire· 2025-05-06 21:00
VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce the commencement of wet commissioning activities at its Terronera Project in Jalisco state, Mexico; a critical milestone in the lead-up to full-scale production. “With wet commissioning now underway at Terronera, we are confident in the strength of our project and the operational path ahead,” commented Dan Dickson, Chief Executive Officer. “This ach ...
Endeavour Silver Completes Acquisition of Minera Kolpa
Globenewswire· 2025-05-01 21:00
Core Viewpoint - Endeavour Silver Corp. has successfully completed the acquisition of Compañia Minera Kolpa S.A. and its main asset, the Huachocolpa Uno Mine, for a total consideration of $145 million [1][2]. Acquisition Details - The acquisition includes $80 million in cash and $65 million in common shares, with potential additional contingent payments of up to $10 million [2]. - Endeavour will also assume approximately $20 million in net debt from Minera Kolpa [2]. Financing - The company closed a $35 million copper stream with Versamet Royalties Corporation to fund the cash component of the acquisition [3]. - Additionally, a $50 million bought deal equity financing was previously announced to support the acquisition [3]. About Kolpa Mine - The Huachocolpa Uno Mine has over 25 years of continuous production and currently operates at a capacity of 1,800 tonnes per day (tpd) [4]. - In 2024, the mine produced 2.0 million ounces of silver and in Q1 2025, it produced 567,269 ounces of silver [4]. - The mine is expected to expand its capacity to 2,500 tpd, with an environmental permit obtained for this expansion [5]. Capital Expenditures - Sustaining capital for the remainder of the year is estimated at $13 million, which includes various infrastructure projects [5]. - An $8 million exploration program is planned to further define and expand recent discoveries [6]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru [7]. - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in multiple countries [7].
Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option
Globenewswire· 2025-04-16 12:24
VANCOUVER, British Columbia, April 16, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) is pleased to announce that, further to its prospectus offering of common shares of the Company (“Common Shares”) which closed on April 8, 2025 (the “Offering”), the Underwriters (as defined below) have exercised their over-allotment option (the “Over-Allotment Option”), in full, to purchase an additional 1,285,000 Common Shares at a price of US$3.88 per Common Share. U ...
Sportradar Announces Agreement to Acquire IMG ARENA and Its Strategic Portfolio of Global Sports Betting Rights
Newsfilter· 2025-03-19 11:00
Core Viewpoint - Sportradar Group AG has entered into a definitive agreement to acquire IMG ARENA and its global sports betting rights portfolio, which is expected to enhance the company's offerings in key sports and accelerate revenue and cash flow growth [1][5]. Group 1: Acquisition Details - The acquisition will add strategic relationships with over 70 rightsholders, covering approximately 39,000 official data events and 30,000 streaming events across 14 global sports [3]. - The portfolio includes prominent global properties such as Wimbledon, U.S. Open, and Major League Soccer, enhancing Sportradar's existing rights in tennis, basketball, and soccer [3][7]. - The transaction structure allows Sportradar to receive financial consideration totaling $225 million, which includes $125 million paid to Sportradar and up to $100 million in cash prepayments made by Endeavor to certain sports rightsholders [7]. Group 2: Financial Impact - The acquisition is expected to be immediately accretive to Sportradar's adjusted EBITDA margins and will accelerate revenue, adjusted EBITDA, and free cash flow growth [1][7]. - The unique structure of the transaction will strengthen Sportradar's balance sheet and enhance its liquidity position, allowing for continued strategic investments and shareholder returns [4][5]. Group 3: Strategic Importance - The addition of these betting rights will significantly increase Sportradar's content distribution capabilities and fuel product development [2]. - Basketball, soccer, and tennis account for approximately 70% of the rights in the new portfolio, which are the top three most bet on global sports, complementing Sportradar's existing offerings [7].
Toronto Stock Exchange, Endeavour Silver Corp., The View from the C-Suite
Newsfile· 2025-03-18 15:56
Toronto, Ontario--(Newsfile Corp. - March 18, 2025) - Dan Dickson, Chief Executive Officer, Endeavour Silver Corp. (TSX: EDR) ("Endeavour Silver" or the "Company"), shares their Company's story in an interview with TMX Group.Cannot view this video? Visit:https://www.youtube.com/watch?v=vGt5aP8VIXAThe View From The C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think ...