VANCOUVER, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK, TSX:EDR) is pleased to announce the first drawdown of $60 million of the $120 million senior secured debt facility (the "Debt Facility") for the development of the Terronera Mine in Jalisco state, Mexico. The debt facility is provided by Société Générale and ING Bank N.V. and closed last year (see news release dated October 10, 2023). All references to dollars ($) in this news rel ...

VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK, TSX:EDR) is pleased to report first quarter 2024 production of 1,460,006 silver ounces (oz) and 10,133 gold oz, for silver equivalent (1) ("AgEq") production of 2.3 million oz. "Across our portfolio, the operations performed largely in-line with our expectations to deliver our annual production guidance of 8.1- 8.8 million silver equivalent ounces in 2024," commented Dan Dickson, ...

OseloteEndeavour Silver Corp (NYSE:EXK) (TSX:EDR:CA) has emerged as one of the best-performing precious metals miners this year amid the ongoing surge in the price of gold and silver. Shares have more than doubled from their Q1 low, rebounding sharply compared to the volatile and challenging 2023. We see room for the momentum to continue with several catalysts to propel EXK higher. Notably, the expectation of the company's new "Terronera" mine to come online later this year is set to drive significant g ...

Endeavour Silver Corporation (EXK) shares have gained 2.7% since the release of its fourth-quarter 2023 earnings on Mar 11, 2024. The company reported adjusted earnings per share of 2 cents for the quarter, which marked a 50% year-over-year slump. This decline in earnings was attributed to reduced sales volume and an increase in operating costs.The company's shares experienced an uptick due to its initiatives to enhance both mine and mill productivity levels at Guanacevi, surpassing planned targets. Further ...

VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) announces its financial and operating results for the fourth quarter and year ended December 31, 2023. All dollar amounts are in US dollars (US$). “The path to growth is never a straight line, so our ability to rise above challenges defines our success. During 2023, we kept focused on our main goals, while successfully navigating industry challenges” commented Dan Dicks ...

VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK, TSX:EDR) announces its financial and operating results for the fourth quarter and year ended December 31, 2023. All dollar amounts are in US dollars (US$). "The path to growth is never a straight line, so our ability to rise above challenges defines our success. During 2023, we kept focused on our main goals, while successfully navigating industry challenges" commented Dan Dickson ...

EXHIBIT 99.1 Endeavour Silver Reports 2023 Financial Results: Earnings Conference Call at 9am PST (12pm EST) Time VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) announces its financial and operating results for the fourth quarter and year ended December 31, 2023. All dollar amounts are in US dollars (US$). "The path to growth is never a straight line, so our ability to rise above challenges defines our success. Duri ...

VANCOUVER, British Columbia, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK, TSX:EDR) provides a Q4 2023 construction progress update for its Terronera Project in Jalisco state, Mexico. A photo gallery presentation accompanies this news release and can be found here or on the Company website at Terronera Project Progress Photos. All dollar ($) references in this news release are United States dollars. The Terronera project has made significant construction ...

Even if you’ve never considered adding precious metals to your portfolio, there are compelling reasons to consider owning precious metals or precious metals stocks in 2024.  The economy continues to show what could be called “headline health.” On the surface, things are trending in the right direction. The rate of inflation is trending towards the Federal Reserve’s preferred 2% target. The consumer continues to spend. And that is perhaps due to employment remaining stable.  But below the surface, corporate ...

Financial Performance - Total revenue for the three months ended September 30, 2023, was $49,432,000, representing a 24.4% increase from $39,649,000 in the same period of 2022[3]. - Mine operating earnings for the nine months ended September 30, 2023, were $31,259,000, compared to $29,870,000 for the same period in 2022, indicating an increase of 4.6%[3]. - The company reported a net loss of $2,328,000 for the three months ended September 30, 2023, compared to a net loss of $1,499,000 in the same period of 2022[3]. - Basic earnings per share for the nine months ended September 30, 2023, were $0.02, compared to a loss of $0.01 per share in the same period of 2022[3]. - Net earnings for the three months ended September 30, 2023, were $810,000, a decrease from a net loss of $1,499,000 in the same period of 2022[81]. - Net earnings for the nine months ended September 30, 2023, were $3,074,000, compared to a net loss of $1,760,000 in the same period of 2022, marking a significant turnaround[83]. Revenue Breakdown - Silver sales increased to $32,863 million in Q3 2023 from $25,541 million in Q3 2022, representing a 28.5% growth[70]. - Gold sales rose to $17,063 million in Q3 2023, up from $14,852 million in Q3 2022, marking a 14.8% increase[70]. - Total revenue for the nine months ended September 30, 2023, reached $154,964 million, compared to $128,171 million in the same period of 2022, reflecting a 20.7% increase[71]. - Revenue from concentrate sales for Q3 2023 was $14,051 million, up from $11,171 million in Q3 2022, a 25.5% increase[71]. - Silver revenue for the three months ended September 30, 2023, was $32,864,000, compared to $25,541,000 in the same period of 2022, reflecting a year-over-year increase of about 28.7%[81]. - Gold revenue for the three months ended September 30, 2023, reached $17,063,000, up from $14,852,000 in the same period of 2022, marking an increase of approximately 14.8%[81]. Expenses and Costs - Total cost of sales for the three months ended September 30, 2023, was $46,740,000, compared to $34,520,000 in the same period of 2022, indicating a rise of about 35.4%[81]. - Total cost of sales for the nine months ended September 30, 2023, was $123,705,000, up from $98,301,000 in 2022, indicating a rise of about 26%[83]. - Direct production costs totaled $60,509,000 for the nine months ended September 30, 2023, compared to $48,457,000 in 2022, which is an increase of about 25%[83]. - Salaries, wages, and benefits for the three months ended September 30, 2023, totaled $10,024,000, compared to $7,516,000 in the same period of 2022, representing an increase of approximately 33.5%[81]. - The total salaries, wages, and benefits for the nine months ended September 30, 2023, amounted to $25,387,000, compared to $22,955,000 in 2022, reflecting an increase of approximately 11%[83]. Assets and Liabilities - Cash and cash equivalents decreased to $40,957,000 as of September 30, 2023, down from $83,391,000 at the end of 2022, a decline of 50.9%[1]. - Total assets increased to $433,155,000 as of September 30, 2023, compared to $399,437,000 at the end of 2022, reflecting a growth of 8.5%[1]. - Current liabilities rose to $55,487,000 as of September 30, 2023, compared to $52,749,000 at the end of 2022, an increase of 5.2%[1]. - Total liabilities as of September 30, 2023, were $83,543,000, reflecting an increase from $83,543,000 as of December 31, 2022, suggesting a need for monitoring debt levels[78]. - Total financial liabilities as of September 30, 2023, amount to $53,255, with accounts payable and accrued liabilities at $43,416[95]. Exploration and Investment - Exploration and evaluation expenses for the nine months ended September 30, 2023, were $12,678,000, compared to $11,023,000 for the same period in 2022, an increase of 15.0%[3]. - Direct exploration expenditures for the nine months ended September 30, 2023, totaled $4,653 million, up from $3,353 million in the same period of 2022, a 38.6% increase[73]. - The exploration segment incurred costs of $352,000 in Chile for the three months ended September 30, 2023, slightly up from $347,000 in the same period of 2022[79]. - The exploration segment incurred costs of $1,148,000 in Chile for the nine months ended September 30, 2023, compared to $1,068,000 in 2022, indicating a slight increase[83]. Shareholder Equity and Financing - The company’s total shareholders' equity increased to $344,619,000 as of September 30, 2023, up from $315,894,000 at the end of 2022, a rise of 9.1%[1]. - The company issued 8,195,527 common shares in public equity offerings, netting $22,707,000 during the period[5]. - The company raised $23,390,000 through public equity offerings during the three months ended September 30, 2023[7]. - The Company executed a credit agreement for a senior secured debt facility of up to $120 million on October 6, 2023, to fund the construction of the underground mine and mill at the Terronera Project[102]. - The Debt Facility has an 8.5-year term with a 2-year grace period, carrying an interest rate of SOFR + 4.50% during construction and SOFR + 3.75% thereafter[102]. Taxation - The company reported a current income tax expense of $3,138,000 for the three months ended September 30, 2023, compared to $3,239,000 in the same period of 2022, indicating a slight decrease in tax burden[81]. - Current income tax expense for the nine months ended September 30, 2023, was $11,137,000, compared to $3,526,000 in 2022, reflecting a significant increase due to improved earnings[83]. - The Company has a non-current income tax receivable of $3,500 related to the 2016 Cubo Tax assessment, with accumulated interest and inflationary charges totaling $600[94].