Group 1 - Endeavour Silver Corp. completed a prospectus offering for 15,825,000 common shares at a price of US$4.60 per share, raising aggregate gross proceeds of US$72,795,000 [1] - The offering was led by BMO Capital Markets along with a syndicate of underwriters including CIBC World Markets Inc., TD Securities Inc., Ventum Financial Corp., and H.C. Wainwright & Co., LLC [1] - The net proceeds from the offering will be used for advancing the Pitarrilla project in Durango State, Mexico, and for general working capital [2] Group 2 - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable and responsible mining practices [3] - The company operates in Mexico and is developing a new cornerstone mine in Jalisco State, aiming to positively impact the mining industry and local communities [3] - Endeavour has a portfolio of exploration projects in Mexico, Chile, and the United States, positioning itself as a premier senior silver producer [3]

Core Viewpoint - Endeavour Silver Corp. has entered into a bought-deal agreement to raise approximately $73 million for its Pitarrilla project in Mexico by offering 15,825,000 common shares at $4.60 per share [1] Group 1: Financing and Project Development - The offering is expected to close around November 27, 2024, pending regulatory approvals, with underwriters having a 30-day option to purchase an additional 10% of shares [2] - The Pitarrilla project is a large undeveloped silver, lead, and zinc project covering 4,950 hectares, located 160 kilometers north of Durango City, Mexico, with significant infrastructure and necessary permits for underground mining [3] - Since acquiring the project in July 2022, Endeavour Silver has re-logged historic drill core and refurbished an underground ramp, extending it over 1.3 kilometers to test high-grade feeder structures [4] Group 2: Exploration and Geological Insights - Endeavour Silver has confirmed the presence of at least four high-grade feeder structures during the ramp development, including the Palmito, Danna, Victoria, and Casas Blancas veins, and identified additional mineralized structures [6] - The company has drilled nine diamond drill holes since August 2024, successfully encountering the target deposit and confirming the viability of underground bulk tonnage mining [7] Group 3: Financial Performance - In Q3 2024, Endeavour Silver produced 1.6 million silver equivalent ounces, a 14% decline year-over-year, with consolidated silver production falling 24% to 874,717 ounces, although gold production improved by 2% to 9,290 ounces [8] - The company reported adjusted earnings per share of 1 cent, surpassing the Zacks Consensus Estimate of breakeven earnings, and the top line grew 8.2% year-over-year to $53 million, though it missed the consensus estimate of $55 million [9] Group 4: Market Performance - Endeavour Silver shares have gained 100% over the past year, significantly outperforming the industry's growth of 38.8% [10]

Core Points - Endeavour Silver Corp. has entered into an agreement with underwriters led by BMO Capital Markets to sell 15,825,000 common shares at a price of US$4.60 per share, resulting in gross proceeds of approximately US$73 million [1][2] - The net proceeds from the offering will be used for general working capital and the advancement of the Pitarrilla Project [2] - The offering is expected to close on or about November 27, 2024, pending necessary regulatory approvals [2] Offering Details - The common shares will be offered in all provinces of Canada (except Quebec) and in the United States under a prospectus supplement to a base shelf prospectus [3] - An option has been granted to underwriters to purchase up to an additional 10% of the common shares to cover over-allotments [1] - A final base shelf prospectus has been filed with securities regulatory authorities in Canada, and copies will be available through BMO Capital Markets [4][5] Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and a new cornerstone mine in Jalisco State [7] - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in Mexico, Chile, and the United States [7]

Core Insights - Endeavour Silver Corp. has made significant advancements at its Pitarrilla project, enhancing its understanding of the deposit's geology and mineralization controls, which indicates potential for substantial shareholder value creation [1] Group 1: Exploration and Development Progress - The company has refurbished an existing underground ramp and extended it over 1.3 kilometers, confirming the presence of at least four high-grade feeder structures, including the Palmito, Danna, Victoria, and Casas Blancas veins [2] - Additional mineralized structures such as the Norma vein and the Pena dike were identified during the ramp development [2] - Since August 2024, Endeavour Silver has drilled nine diamond drill holes, confirming the target deposit and validating the geological interpretation for underground bulk tonnage mining [3] Group 2: Project Details - The Pitarrilla project spans 4,950 hectares across five concessions and is located 160 kilometers north of Durango City in northern Mexico [4] - The project has significant infrastructure, including direct access to utilities, and has secured necessary permits for underground mining and development [4][5] Group 3: Financial Performance - In Q3 2024, the company produced 1.6 million silver equivalent ounces, a 14% decline from the previous year, with consolidated silver production falling 24% year over year to 874,717 million ounces [6] - Gold production improved by 2% year over year, totaling 9,290 ounces [6] - The company reported adjusted earnings per share of 1 cent, surpassing the Zacks Consensus Estimate of breakeven earnings, and the top line grew 8.2% year over year to $53 million, although it missed the consensus estimate of $55 million [7] Group 4: Share Price Performance - Endeavour Silver's shares have increased by 131.7% over the past year, outperforming the industry's growth of 43.4% [8]

Core Viewpoint - Endeavour Silver Corp. is advancing its exploration and evaluation initiatives at the Pitarrilla project, focusing on high-grade mineralization and preparing for a future economic study by the end of 2025 [1][6][16]. Exploration and Development - Since acquiring the Pitarrilla project in July 2022, the company has re-logged historic drill core to enhance understanding of the geology and mineralization controls, identifying high-grade feeder structures for silver, lead, and zinc [2][5]. - The company has refurbished an underground ramp extending over 1.3 kilometers, confirming the presence of at least four significant structures: Palmito vein, Danna vein, Victoria vein, and Casas Blancas vein [3][4]. - Nine diamond drill holes have been completed since August, successfully intersecting targeted mineralization, which supports the potential for underground bulk tonnage mining [4][5]. Mineral Resource Estimates - The primary feeder veins have a vertical extent of approximately 600 to 800 meters and strike lengths nearing 700 meters, with the Danna vein being the largest at approximately 800 meters vertical and 500 meters strike length [5][6]. - The combined favorable grades and continuity of the deposit make it attractive for underground bulk mining, with ongoing drilling and development work validating the geological model [6][16]. Technical Studies and Future Plans - Engineering firms have been retained to conduct preliminary work, including metallurgical testing, mine design, and hydrology investigations, building on previous work by SSR Mining [6][16]. - The project has significant infrastructure and key permits in place for underground mining, including water use and discharge, explosives use, and environmental impact assessments [16][17]. Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and a portfolio of exploration projects in Mexico, Chile, and the United States [17].

Endeavour Silver Corp. (NYSE:EXK) Q3 2024 Earnings Conference Call November 5, 2024 1:00 PM ET Company Participants Allison Pettit - Director, IR Dan Dickson - CEO Don Gray - COO Elizabeth Senez - CFO Conference Call Participants Heiko Ihle - H.C. Wainwright Nick Giles - B. Riley Securities Nicholas Clarke - TD Cowen Jake Sekelsky - Alliance Global Partners Stephen Soock - Stifel Operator Thank you for standing by. This is the conference operator. Welcome to the Endeavour Silver Corp’s Third Quarter 2024 Re ...

Endeavour Silver Corp. Management's Discussion & Analysis For the Three and Nine Months Ended September 30, 2024 MANAGEMENT'S DISCUSSION AND ANALYSIS For the periods ended September 30, 2024 This Management Discussion and Analysis ("MD&A") should be read in conjunction with the condensed consolidated interim financial statements of Endeavour Silver Corp. ("Endeavour" or "the Company") for the three and nine months ended September 30, 2024, and the related notes contained therein, which were prepared in acco ...

Endeavour Silver (EXK) shares soared 6.6% in the last trading session to close at $5.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 41.9% gain over the past four weeks.Endeavour Silver’s share price has jumped on its announcement that the Terronera project’s mine development and surface construction has reached 77% completion.  More than $258 million of the project's budget has been spent. The Terronera mine, located in Jali ...

VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to provide a Q3 2024 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 in United States dollars. The Terronera project made substantial ...

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