Endeavour Silver Reports Q2 2024 Production Results; In-Line with Guidance

Core Insights - Endeavour Silver Corp. reported Q2 2024 production of 1,312,572 silver ounces and 10,549 gold ounces, resulting in silver equivalent production of 2.2 million ounces, with year-to-date production tracking towards the upper range of the full year guidance of 8.1 million to 8.8 million ounces [1][4]. Production Highlights - Silver production decreased by 12% compared to Q2 2023, primarily due to lower silver grades at the Guanaceví mine, while gold production increased by 7% due to higher gold grades at both Guanaceví and Bolañitos [4][14]. - The Guanaceví mine processed 227,901 tonnes with a silver grade of 383 grams per tonne and a recovery rate of 90.1%, while the Bolañitos mine processed 212,882 tonnes with a silver grade of 42 grams per tonne and a recovery rate of 84.5% [8][19]. Financial and Operational Developments - The company completed the first drawdown of a $60 million senior secured debt facility to develop the Terronera mine, with an additional $60 million available for future drawdowns [3]. - Metal sales included 1,217,569 ounces of silver and 9,887 ounces of gold during the quarter, with inventories at the end of the quarter comprising 262,160 ounces of silver and 939 ounces of gold bullion [15][16]. Sustainability and Management - The company published its 2023 Sustainability Report, highlighting progress in its 2022-2024 Sustainability Strategy [3]. - Angela Johnson was appointed as a new director, bringing over thirteen years of experience in the mining industry and expertise in ESG best practices [3].