Endeavour Silver(US:EXK)2024-05-09 19:21Production and Operations - In Q1 2024, Endeavour Silver's consolidated production included 1,460,006 ounces of silver and 10,133 ounces of gold, resulting in a silver equivalent production of 2.3 million ounces [116] - Guanacevi mine contributed 73% to the total silver equivalent production in Q1 2024, while Bolanitos accounted for 27% [116] - Bolanitos processed 1,263 tonnes per day in Q1 2024, an 11% increase compared to 1,138 tonnes per day in Q1 2023, however, silver grade decreased by 21% and gold grade decreased by 12% [5] - Direct operating costs per tonne at Bolanitos increased by 9% compared to Q1 2023, due to a strengthening Mexican peso and increased labor, power, and consumables costs [3] Terronera Project - The Terronera project is under construction, with 53% completion as of March 31, 2024, and $158 million of the $271 million initial capital budget spent [116] - The Terronera project is expected to have a life of mine (LOM) production of 7.0 million ounces of silver equivalent [89] - The Terronera project is expected to produce an average of 4.0 million ounces of silver and 38,000 ounces of gold annually over a 10-year mine life [167] Financial Performance - Endeavour Silver's Q1 2024 revenue was $64 million, with mine operating earnings of $12 million [116] - The company's cash position decreased to $35 million after funds were spent to advance the Terronera project [116] Sustainability - Endeavour Silver spent $220 million on goods and services, with 90% procured locally within Mexico [86]