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Thread: Endeavour Silver

  1. #11

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    Having read the above post I went to my account and sold my Endeavour shares. I invest in companies not to hear how they are all so touchy feely and otherwise full of BS, but out to make a profit.
    American Legion Preamble: https://www.legion.org/preamble

  2. #12

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    Quote Originally Posted by LongDonSilver View Post
    Having read the above post I went to my account and sold my Endeavour shares. I invest in companies not to hear how they are all so touchy feely and otherwise full of BS, but out to make a profit.
    Good idea. If I owned it, I would sell it too.

  3. #13

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    Quote Originally Posted by LongDonSilver View Post
    Having read the above post I went to my account and sold my Endeavour shares. I invest in companies not to hear how they are all so touchy feely and otherwise full of BS, but out to make a profit.
    Quote Originally Posted by Atlas Shrugged View Post
    Good idea. If I owned it, I would sell it too.
    thx for the press release post.
    I sold my EDR awhile back. With this PR, i won't be considering buying them back

  4. #14

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    "Endeavour Silver Announces Appointment of New Director

    VANCOUVER, British Columbia, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to announce the appointment of Amy E. Jacobsen, QP, P.E., MBA to the Company's board of directors effective January 3, 2022.

    “We are delighted to welcome Amy to our board. She is well recognized for her contribution to the mining industry and brings extensive expertise as well as a depth of mining experience that will serve Endeavour Silver well as we pursue our vision of being a premier senior silver producer,” stated Dan Dickson, Chief Executive Officer.

    Ms. Jacobsen has over 30 years of diverse global experience and was recognized among the 100 Global Inspirational Women in Mining 2020. Her experience includes industrial minerals and fertilizers, base metals including copper, cobalt, zinc, and nickel, precious metals, and energy fuels such as coal, lignite and uranium.

    Ms. Jacobsen started her career at Homestake and Hazen Research before moving to Stone and Webster Management Consultants. Most recently, she spent 14 years in various management positions at Behre Dolbear Group, including 3 years as chair of the board of directors from 2016 to 2019. Ms. Jacobsen is currently the President of Windward Consulting as well as Adjunct Professor in the Professional Masters – Mining Engineering and Management degree program at the Colorado School of Mines.

    Ms. Jacobsen graduated from the Colorado School of Mines with a B.S. in metallurgical engineering as well as a Master of Business Administration from the Executive MBA program at the University of Denver. She is a Qualified Professional in metallurgy through the Mining and Metallurgical Society of America, a registered Professional Engineer in the state of Colorado and an Associate Member of the International Institute of Mineral Appraisers. Ms. Jacobsen is the past president of the Mining and Metallurgical Society of America and past director of the Society for Mining, Metallurgy and Exploration.

    About Endeavour Silver
    Endeavour Silver is a mid-tier precious metals mining company that operates two high-grade, underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. The Company’s philosophy of corporate social integrity creates value for all stakeholders.

    SOURCE Endeavour Silver Corp.

    Contact Information
    Trish Moran
    Interim Head of Investor Relations
    Tel: (416) 564-4290
    Email: pmoran@edrsilver.com
    Website: www.edrsilver.com "
    American Legion Preamble: https://www.legion.org/preamble

  5. #15

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    "Endeavour Silver to Acquire the Pitarrilla Project, One of the World's Largest Undeveloped Silver Projects¹, Leveraging Regional Platform and Operating Expertise in Mexico

    VANCOUVER, British Columbia, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) has entered into a definitive agreement to purchase the Pitarrilla project (“ Pitarrilla ”) in Durango State, Mexico by acquiring all of the issued and outstanding shares of SSR Durango, S.A. de C.V. (the “ Transaction ”) from SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (" SSR Mining ") for total consideration of $70 million and a 1.25% net smelter returns royalty (“ NSR Royalty ”). All references to dollars ($) in this news release are to United States dollars (US$).

    Pitarrilla is a large undeveloped silver, lead, and zinc project located 160 kilometres north of Durango City, in northern Mexico. The Pitarrilla property consists of 4,950 hectares across five concessions and has significant infrastructure in place with direct access to utilities. SSR Mining filed a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) titled “NI 43-101 Technical Report on the Pitarrilla Project” dated December 14, 2012 (the “ 2012 Technical Report ”). The 2012 Technical Report provided a feasibility study outlining a large, mainly open-pit operation and a mineral resource estimate, which has since been updated by SSR Mining for its Annual Information Form for the financial year ended December 31, 2020 (the “ SSR Mining 2020 AIF ”) (together, the “Historical Estimate” ) 2 .

    “The acquisition of Pitarrilla, one of the world’s largest undeveloped silver projects 1 , accelerates our vision to become a premier senior silver producer,” said Dan Dickson, Endeavour’s Chief Executive Officer. “We now have a tremendous growth pipeline, which in addition to Pitarrilla includes the Terronera and Parral projects, in a country where we have extensive experience and expertise. While Terronera is the next project to be developed, we anticipate that Pitarrilla will be a significant asset in our portfolio and may take priority over the advancement of Parral. We will be in a position to make such a decision once we complete further drilling and analyze the economics of various scales and options for production.”

    Total Consideration

    Total consideration payable on closing of the Transaction is $70 million, consisting of $35 million in Endeavour shares and a further $35 million in cash or in Endeavour shares at the election of SSR Mining and agreed to by Endeavour. The number of Endeavour shares to be issued will be based on a deemed price of $4.0805 per share, being the volume weighted average price of Endeavour’s common shares on the New York Stock Exchange (“ NYSE ”) for the 10 business days immediately preceding the date of signing the definitive agreement. The shares will be subject to a hold period of four months and one day following the date of closing.

    SSR Mining will retain a 1.25% NSR Royalty on Pitarrilla. Endeavour will have matching rights to purchase the NSR Royalty in the event SSR Mining proposes to sell it.

    Any cash component will be satisfied with cash on hand. As at September 30, 2021, Endeavour had $101 million in cash and cash equivalents and $129 million in working capital.

    Strategic Rationale for Acquisition

    Acquiring One of the World’s Largest Undeveloped Silver Projects
    As outlined in the 2012 Technical Report and updated in the SSR Mining 2020 AIF, Pitarrilla has the following mineral resource estimate which Endeavour is treating as a Historical Estimate 3 :
    a measured & indicated mineral resource (open-pit and underground) of 525.27 million ounces (oz) silver (Ag) in 164.79 million tonnes grading 99.1 grams per tonne (gpt) Ag.
    an open-pit inferred mineral resource of 21.21 million oz Ag in 8.52 million tonnes at an average grade of 77.4 gpt and underground inferred mineral resource of 5.46 million oz Ag in 1.23 million tonnes at a grade of 138.1 gpt.
    By way of comparison, Endeavour Silver has the following mineral reserve and resource estimates 4 as outlined in its Annual Information Form for the year ended December 31, 2020:
    a proven and probable mineral reserve of 86.3 million oz silver equivalent (AgEq) from 6.99 million tonnes at 380 gpt AgEq.
    a measured & indicated mineral resource of 43.7 million oz AgEq in 4.40 million tonnes at an average grade of 309 gpt AgEq.
    an inferred mineral resource of 87.13 million oz AgEq in 8.04 million tonnes at an average grade of 337 gpt AgEq.
    Pitarrilla Leverages Endeavour’s Platform and Experience in Mining-Friendly Mexico
    Acquisition is an excellent fit for Endeavour’s experienced regional team, which has a successful development, exploration and underground mining track record.
    Accretive Acquisition at an Attractive Valuation
    Once a current resource is defined, Pitarrilla is expected to be substantially accretive on a silver equivalent resource per share metric -- anticipate announcing a current resource in 2022.
    Endeavour expects to maintain significant silver exposure, silver beta and trading multiples.
    Pitarrilla provides additional optionality in a rising silver price environment.
    Enhances Endeavour’s Attractive Growth Pipeline
    Pitarrilla, together with Endeavour’s Terronera and Parral projects, form the key cornerstones of Endeavour’s mid to long-term growth profile.
    Over the next several years, analyze the economics of various scales of production, including underground option, and then advance towards potential development and production to strengthen Endeavour’s long-term production and free cash flow profile.
    Currently categorized as a development asset, Pitarrilla has been de-risked by SSR Mining as follows:
    several key exploration and mining permits have been obtained; and
    collaboration agreements are in place with the local community.
    Potential Exploration Upside as Land Package Remains Largely Underexplored
    Deposit remains open with minimal drilling completed to explore the deposit at depth.
    Significant underexplored land package with an opportunity to make new discoveries.
    The geology at Pitarrilla and at Endeavour’s underground mines – Guanacevi and Bolanitos – is broadly similar.
    Upside potential from upper oxide resource as well as open-pit and underground optionality.

    Approvals and Timing

    The Transaction has been approved by the board of directors of Endeavour.

    Closing of the Transaction remains subject to TSX and NYSE regulatory approvals and receipt of Mexican Federal Economic Competition Commission approval, as well as customary closing conditions for a transaction of this kind, which is expected to occur in the first half of 2022.

    On closing, Endeavour plans to prepare a current mineral resource estimate for Pitarrilla, develop exploration targets and analyze the economics of various scales of production.

    Advisors and Counsel

    PI Financial acted as Endeavour’s financial advisor. Koffman Kalef LLP acted as the Company’s legal counsel.

    Conference Call and Webcast

    Management will host a live conference call and audio webcast later today to discuss the highlights of the Transaction as follows:
    Date & Time: Thursday, January 13, 2022 at 1:00 p.m. PT / 4:00 p.m. ET

    Telephone: Toll-free in Canada and the US +1-800-319-4610
    Local or International +1-604-638-5340 "
    American Legion Preamble: https://www.legion.org/preamble

  6. #16

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    "Dan Dickson, CEO commented, “The acquisition of Pitarrilla, one of the world’s largest undeveloped silver projects, accelerates our vision to become a premier senior silver producer. We now have a tremendous growth pipeline, which in addition to Pitarrilla includes the Terronera and Parral projects, in a country where we have extensive experience and expertise. While Terronera is the next project to be developed, we anticipate that Pitarrilla will be a significant asset in our portfolio and may take priority over the advancement of Parral. We will be in a position to make such a decision once we complete further drilling and analyze the economics of various scales and options for production.”'

    See: https://edrsilver.com/
    American Legion Preamble: https://www.legion.org/preamble

  7. #17

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    "Endeavour Silver Announces Filing of NI 43-101 Reports on Guanacevi and Bolanitos Projects

    VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) announces today that it filed two technical reports (the “Technical Reports”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

    The Technical Reports are titled “NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Guanaceví Project, Durango State, Mexico” and “NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Bolañitos Project, Guanajuato State, Mexico”. Both Technical Reports have an effective date of December 31, 2020 and support the disclosure made by the Company in its February 3, 2021 news release announcing the updated 2020 Mineral Reserve and Resource Estimates. There are no material differences in the Technical Reports from the information disclosed in the February 3, 2021 news release and the date of this filing.

    The Technical Reports are available for download under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (www.edrsilver.com).

    About Endeavour Silver
    Endeavour Silver is a mid-tier precious metals mining company that operates two high-grade, underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. The Company’s philosophy of corporate social integrity creates value for all stakeholders.

    SOURCE Endeavour Silver Corp.

    Contact Information
    Trish Moran
    Interim Head of Investor Relations
    Tel: (416) 564-4290
    Email: pmoran@edrsilver.com
    Website: www.edrsilver.com "
    American Legion Preamble: https://www.legion.org/preamble

  8. #18
    Join Date
    May 2013
    Posts
    1,492

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    Now holding 15K shares EXK long term, and also added another 12K shares @ 4.19 today for a short term play...SO as of tomorrow it's $270 bucks for every penny of market change on EXK. I may dump the 12K shrs at any time...but the core 15K shrs are a hold.
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  9. #19
    Join Date
    May 2013
    Posts
    1,492

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    4.43 today......I'm back to my core holdings..Started all this time @ 3.83 with a few swing trades on top of core holdings....Some volatility but at this point I could cash out and buy 6 gold buffalos with profits. (physical is the end game) I could be wrong but I think we are into the beginning of the next parabolic rise and that EXK is the best play. So..........GAME ON !!!

    Ag guy
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  10. #20
    Join Date
    May 2013
    Posts
    1,492

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    Making some bank here now..........established a 15K share core holding and swing trading another 5K to 15K shrs. on the volatility. We are going to see $12 exk and at least $35 silver this year IMO...A bag of physical gold is the end goal!
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

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