Endeavor(EDR)
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Rosen Law Firm Urges Sellers of Endeavor Group Holdings, Inc. (NYSE: EDR) Stock to Contact the Firm for Information About Their Rights
Businesswire· 2026-01-21 01:30
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Endeavour Group Holdings, Inc. for allegedly misleading investors regarding its business operations during the specified class period from January 15, 2025, to March 24, 2025 [1][2]. Allegations - The lawsuit claims that Endeavour Group Holdings made false and misleading statements in its January 15, 2025 Information Statement filed with the SEC, which misrepresented the true value of Endeavour's shares and failed to disclose executive earnings related to a take-private merger [3]. - Additionally, the complaint alleges that there were undisclosed conflicts of interest involving Endeavour's special committee and financial advisor [3]. Legal Proceedings - Former shareholders wishing to serve as lead plaintiffs must file motions with the court by March 18, 2026, and participation in the case is not required to be eligible for recovery [4]. - The representation in this lawsuit is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [5]. About Rosen Law Firm - Rosen Law Firm is recognized for its active role in securities class actions and has successfully recovered over $1 billion for shareholders since its inception [6].
Bronstein, Gewirtz & Grossman LLC Urges Endeavor Group Holdings, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2026-01-19 17:00
Core Viewpoint - A class action lawsuit has been filed against Endeavor Group Holdings, Inc. and certain affiliated parties for alleged violations of federal securities laws during the Class Period from January 15, 2025, to March 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Endeavor Class A common stock during the specified Class Period [2]. - The Complaint alleges that Defendants made materially false and misleading statements regarding the fairness of a take-private merger and the $27.50-per-share Merger Consideration [3]. - It is claimed that Defendants orchestrated a scheme to disadvantage minority shareholders while insiders benefited from rollovers and other advantages [3][6]. Group 2: Allegations Against Defendants - Defendants are accused of structuring the merger to disadvantage minority shareholders by rejecting a "majority-of-the-minority" vote and closing the transaction through controller written consent [6]. - The merger included a fixed cash-out consideration of $27.50 without any collar or contingent value rights, and insiders received a minimal dividend [6]. - A misleading Information Statement was disseminated on January 15, 2025, which misrepresented the fairness and best interests of unaffiliated shareholders, relying on outdated fairness opinions [6]. Group 3: Next Steps for Investors - Investors who suffered losses in Endeavor have until March 18, 2026, to request to be appointed as lead plaintiff in the case [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if successful [5].
Entwistle & Cappucci LLP and Susman Godfrey L.L.P. File a Securities Class Action Complaint Against Endeavor Group Holdings, Inc. and Related Defendants
Businesswire· 2026-01-17 16:17
Core Viewpoint - A securities class action complaint has been filed against Endeavor Group Holdings, Inc. and related defendants by Entwistle & Cappucci LLP and Susman Godfrey L.L.P. [1] Group 1 - The complaint alleges that Endeavor Group Holdings, Inc. and its executives made false and misleading statements regarding the company's business and financial performance [1] - The legal action seeks to recover damages for investors who purchased Endeavor's securities during the class period [1] - The filing highlights concerns over the company's compliance with securities laws and the potential impact on its stock value [1]
UPDATE – Endeavour Silver Provides 2026 Guidance
Globenewswire· 2026-01-16 20:16
Core Viewpoint - Endeavour Silver Corp. has announced its consolidated production and cost guidance for 2026, highlighting a significant ramp-up in production from its Terronera, Guanaceví, and Kolpa mines, alongside planned capital and exploration budgets for the year [2][3][6]. Production and Cost Guidance - Silver production is projected to be between 8.3 and 8.9 million ounces, with gold output expected to range from 46,000 to 48,000 ounces. The Kolpa mine is anticipated to produce 22,000 to 24,000 tonnes of lead, 16,000 to 18,000 tonnes of zinc, and 650 to 750 tonnes of copper, contributing to a total of 14.6 to 15.6 million silver equivalent ounces [3][4]. - Consolidated cash costs for 2026 are estimated to be between $12.00 and $13.00 per payable silver ounce, while all-in sustaining costs (AISC) are projected at $27.00 to $28.00 per ounce, net of by-product credits [5][17][18]. Mine-Specific Insights - At Terronera, plant throughput is expected to range from 1,950 to 2,050 tonnes per day, with cash costs per ounce projected to be negative due to a higher gold-to-silver production ratio [8][17]. - Guanaceví's throughput is projected at 1,000 to 1,100 tonnes per day, with cash costs expected to be between $21.00 and $22.00 per ounce [10][17]. - Kolpa's throughput is forecasted at 2,300 to 2,500 tonnes per day, with cash costs anticipated to be between $13.00 and $14.00 per ounce, benefiting from higher metal production and stronger base metal prices [11][17]. Capital Expenditures - The company plans to invest $91.0 million in sustaining capital across its mines, with significant allocations for mine development and infrastructure enhancements at Terronera and Guanaceví [22][23]. - An additional $16.7 million is earmarked for growth capital at Kolpa to support a plant expansion aimed at increasing capacity [24]. Exploration Plans - Endeavour plans to allocate $25.9 million for exploration activities in 2026, with drilling programs across its operating mines and additional projects in Chile and the USA [28]. Management Commentary - The CEO emphasized that 2026 marks a pivotal year for Endeavour as it transitions into a larger, more diverse silver producer, with a focus on delivering long-term value for stakeholders [6].
Endeavour Silver Provides 2026 Guidance
Globenewswire· 2026-01-16 11:50
Core Viewpoint - Endeavour Silver Corp. has announced its consolidated production and cost guidance for 2026, highlighting a significant ramp-up in production from its Terronera, Guanaceví, and Kolpa mines, alongside planned capital and exploration expenditures [1][5]. Production and Cost Guidance - Silver production is projected to be between 8.3 and 8.9 million ounces, with gold output expected to range from 46,000 to 48,000 ounces. The Kolpa mine is anticipated to produce 22,000 to 24,000 tonnes of lead, 16,000 to 18,000 tonnes of zinc, and 650 to 750 tonnes of copper, contributing to a total of 14.6 to 15.6 million silver equivalent ounces [2][3]. - Consolidated cash costs for 2026 are estimated to be between $12.00 and $13.00 per payable silver ounce, while all-in sustaining costs (AISC) are projected at $27.00 to $28.00 per ounce, net of by-product credits [4][15]. Mine-Specific Details - At Terronera, throughput is expected to be 1,950 to 2,050 tonnes per day, with cash costs and AISC anticipated to be below company-wide averages due to higher production and improved efficiencies [7]. - Guanaceví's throughput is projected at 1,000 to 1,100 tonnes per day, with slightly lower grades expected, leading to a slight increase in cash costs and AISC compared to 2025 [8]. - Kolpa is forecasted to achieve throughput of 2,300 to 2,500 tonnes per day, with improvements in cash costs and AISC due to higher production and stronger base metal prices [9]. Capital Expenditures - The company plans to invest $91.0 million in sustaining capital across its mines, with significant allocations for mine development and infrastructure enhancements at Terronera and Guanaceví [21][22]. - At Kolpa, $26.5 million will be invested, including $16.7 million for growth capital to support a plant expansion aimed at increasing capacity [23]. Exploration Plans - Endeavour plans to allocate $25.9 million for exploration activities across various projects, including significant drilling programs at Terronera, Guanaceví, and Kolpa [26][27].
Endeavour Silver Completes Sale of Bolañitos Mine
Globenewswire· 2026-01-15 22:20
Core Viewpoint - The completion of the sale of the Bolañitos silver and gold mine to Guanajuato Silver Company marks a strategic shift for Endeavour Silver Corp, allowing it to focus on its core silver assets and growth initiatives [2][3]. Transaction Details - The total upfront consideration for the sale is US$40 million, comprising US$30 million in cash and US$10 million in common shares of Guanajuato Silver at a deemed price of US$0.2709413 per share [3]. - Guanajuato Silver will make two contingent payments of US$5 million each upon the production of two million and four million ounces of silver equivalent from the Bolañitos Mine, with each payment split 50% in cash and 50% in shares [4][5]. Contingent Payments - The contingent shares will be issued at a price based on the greater of the 10-day volume-weighted average price of Guanajuato shares or the minimum price permitted by the TSX Venture Exchange [5]. - The number of contingent shares is limited to a maximum ownership percentage of 9.9% of the issued and outstanding Guanajuato shares, with any excess payable in cash [6]. Investor Rights Agreement - At the closing of the sale, Endeavour and Guanajuato Silver entered into an investor rights agreement, which includes voting rights for Endeavour's shares in line with Guanajuato Silver's board recommendations for 12 months [7]. - Base shares issued under the agreement will have voluntary transfer restrictions for 12 months, with 50% subject to additional restrictions for two years thereafter [7]. Company Overview - Endeavour Silver is a mid-tier silver producer with three operating mines in Mexico and Peru, along with a robust pipeline of exploration projects across Mexico, Chile, and the United States [8]. - The company aims to drive organic growth and create lasting value, positioning itself as a leading senior silver producer [9].
Endeavour Silver Produces 6,486,661 Oz Silver and 37,164 Oz Gold, for a total of 11.2 Million Silver Equivalent Oz in 2025
Globenewswire· 2026-01-08 11:50
Core Viewpoint - Endeavour Silver Corp. reported strong growth in 2025, achieving record silver equivalent production and successfully ramping up operations at the Terronera mine [2][4]. Production Overview - Full year 2025 production included 6,486,661 silver ounces and 37,164 gold ounces, resulting in a silver equivalent production of 11.2 million ounces [1][13]. - Fourth quarter 2025 production was 2,030,206 silver ounces and 13,785 gold ounces, with silver equivalent production of 3.8 million ounces [1][12]. Q4 2025 Mine Operations - Consolidated silver production in Q4 2025 was 2,030,206 ounces, a 146% increase compared to Q4 2024, attributed to the addition of Kolpa and Terronera production [4][12]. - Consolidated gold production was 13,785 ounces, a 52% increase from Q4 2024, driven by higher output from Terronera and increased production at Guanaceví [5][12]. Terronera Mine Performance - Terronera achieved commercial production on October 1, 2025, with a throughput of 154,180 tonnes, producing 352,002 ounces of silver and 8,148 ounces of gold [6][7]. - The average grades for silver and gold during Q4 2025 were 86 g/t and 2.27 g/t, respectively, with a focus on lower-grade areas to align with production ramp-up plans [6][8]. Guanaceví and Kolpa Performance - Guanaceví's throughput was 78% higher than Q4 2024, resulting in a 22% increase in silver production despite lower grades [9][12]. - Kolpa's throughput was 198,830 tonnes, producing 631,867 ounces of silver, with average grades of 108 g/t [10][18]. Bolañitos Mine Sale - A definitive agreement was reached to sell the Bolañitos mine for $30 million in cash and $10 million in shares, with potential contingent payments based on production milestones [7][11]. Financial Highlights - The company completed a $350 million convertible notes offering, which will be used to advance the Pitarrilla project and for general corporate purposes [7][12].
Endeavour Silver Completes US$350 Million Offering of Convertible Senior Notes
Globenewswire· 2025-12-04 16:12
Core Viewpoint - Endeavour Silver Corp. has successfully closed a US$350 million offering of 0.25% unsecured convertible senior notes due 2031, which includes a full exercise of a US$50 million option granted to initial purchasers [1] Group 1: Offering Details - The offering consists of US$350 million aggregate principal amount of 0.25% unsecured convertible senior notes due 2031 [1] - The initial conversion rate for the notes is 80.2890 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.4550 per share [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay the senior secured debt facility with ING Capital LLC and Societe Generale [2] - Funds will also be allocated to advance the Pitarrilla project located in Durango State, Mexico, and for general corporate purposes, including strategic opportunities [2] Group 3: Company Overview - Endeavour Silver is a mid-tier silver producer with four operating mines in Mexico and Peru, along with a robust pipeline of exploration projects across Mexico, Chile, and the United States [5] - The company has a proven track record in discovery, development, and responsible mining, aiming to drive organic growth and create lasting value [5]
Endeavour Silver Prices Offering of Convertible Senior Notes
Globenewswire· 2025-12-02 01:35
Core Viewpoint - Endeavour Silver Corp. has announced the pricing of its offering of unsecured convertible senior notes due 2031, aiming to raise US$300 million, potentially increasing to US$350 million if the over-allotment option is fully exercised [1][2]. Summary by Sections Offering Details - The company plans to issue US$300 million in aggregate principal amount of convertible senior notes, with a potential increase to US$350 million if the initial purchasers exercise their option [1]. - The notes will bear a cash interest rate of 0.25% per annum, with an initial conversion rate of 80.2890 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.4550 per share, representing a 32.5% premium over the current market price [2]. Use of Proceeds - The net proceeds from the offering will be utilized to repay the senior secured debt facility with ING Capital LLC and Societe Generale, to advance the Pitarrilla project in Durango State, Mexico, and for general corporate purposes, including strategic opportunities [1]. Closing Conditions - The offering is expected to close around December 4, 2025, pending customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]. Company Overview - Endeavour Silver is a mid-tier silver producer operating four mines in Mexico and Peru, with a strong pipeline of exploration projects across Mexico, Chile, and the United States, focusing on organic growth and value creation [6].
Endeavour Silver Launches Offering of Convertible Senior Notes
Globenewswire· 2025-12-01 11:49
Core Viewpoint - Endeavour Silver Corp. is offering US$300 million in unsecured convertible senior notes due 2031 to raise funds for debt repayment, project advancement, and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of US$300 million aggregate principal amount of unsecured convertible senior notes, with an option for initial purchasers to buy an additional US$45 million [1]. - The notes will bear cash interest semi-annually at a fixed rate and are convertible into Endeavour common shares [3]. - The offering is subject to customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay the senior secured debt facility with ING Capital LLC and Societe Generale, fund the Pitarrilla project in Durango State, Mexico, and for general corporate purposes [2]. Group 3: Regulatory and Compliance Information - The notes and shares will not be registered under the U.S. Securities Act and will only be offered to qualified institutional buyers [5]. - The offering does not constitute an offer to sell or solicitation in jurisdictions where such actions are unlawful [6]. Group 4: Company Overview - Endeavour Silver is a mid-tier silver producer with four operating mines in Mexico and Peru, and a pipeline of exploration projects across Mexico, Chile, and the United States [7].