Endeavour Silver

[LongDonSilver]

"Endeavour Silver Closes US$46 Million Bought Deal Financing Including US$6 Million Over-Allotment Option Exercise in Full

VANCOUVER, British Columbia, March 22, 2022 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) is pleased to announce the completion of its prospectus offering announced on March 15, 2022 for the issuance of a total of 9,293,150 common shares (“ Common Shares ”) at a price of US$4.95 per Common Share for aggregate gross proceeds of US$46,001,092, including the exercise of the over-allotment option in full (the “ Offering ”). The Offering was co-led by BMO Capital Markets and PI Financial Corp., together with a syndicate of underwriters consisting of CIBC World Markets Inc., B. Riley Securities, Inc. and H.C. Wainwright & Co., LLC.

The Company plans to use the net proceeds of the Offering to pay the US$35 million cash consideration payable to SSR Mining Inc. on completion of the Company’s acquisition of the Pitarrilla project in Durango State, Mexico and for the Company’s general corporate purposes and working capital.

About Endeavour Silver Corp.
Endeavour is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico: the Guanaceví Mine in Durango and the Bolañitos Mine in Guanajuato. 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.

Contact Information
Trish Moran
Interim Head of Investor Relations
Tel: (416) 564-4290
Email: pmoran@edrsilver.com
Website: www.edrsilver.com "

[Ag guy]

Just picked up 40 EXK Jan 2024 $5 call contracts @ .65/shr

Ag guy

[and4rik]

I'll take a stab, bought 4 shares with spare change. Miners seems to be doing well, FSM Fortuna silver up 25% this month. Have to say I know nothing about options.

[Ag guy]

Each contract represents 100 shares so for $65 per contract or $2,600 + $40 commission I have the option to purchase 4,000 shares anytime at $5.00 until Jan 19th 2024 no matter where the price goes.
If it's $12 per share I can buy 4,000 shrs for 20K and sell for $48K. If it's under $5....my $2,640 goes bye bye....Also the value of the contracts change as there is less time or as the underlying EXK share price changes. If it's over 5.65 my purchase price is covered plus any time left adds value, so I can also sell the option any time, for what ever value bidders are willing to pay as the option value changes.
If the share price is say $7.00 and time value is still worth say .45 that would be 2.45 over my strike price of 5, so I could sell the contracts right then for 2.45, or $245.00 per contract, times 40 contracts would be $9,800.00 for my $2,645.00 investment. over a 270% gain....Wish me luck.

Ag guy

[LongDonSilver]

Ag Aug, I think you made a good move. I hope the year end selling for taxes doesn't hit your plan. I have some June 2023 warrants and a couple of out of the money option going and hope to see a profit on them. Not there yet. I didn't have the balls to do your move. I did purchase shares in a few miners outright some time ago and am trying to decide sell many of them for a profit in 2022 or let it ride for a big profit in 2023. Some are pushing 35% profit at the moment. Same reasoning - tax selling hitting my profits soon. Long term (2023ish) things are looking good for mining.

[Ag guy]

Ag Aug, I think you made a good move. I hope the year end selling for taxes doesn't hit your plan. I have some June 2023 warrants and a couple of out of the money option going and hope to see a profit on them. Not there yet. I didn't have the balls to do your move. I did purchase shares in a few miners outright some time ago and am trying to decide sell many of them for a profit in 2022 or let it ride for a big profit in 2023. Some are pushing 35% profit at the moment. Same reasoning - tax selling hitting my profits soon. Long term (2023ish) things are looking good for mining.

Don,
Not worried about end of year selling unless you're talking about next year. I've accumulated 205 jan 19th 2024 $5 EXK call contracts now @ an average of .55 ($11,275.00 invested).
Wouldn't I love to see a silver run-up this year. With EXK at $10 it would be $102,500 plus any time value that's left.
I just see nothing but world chaos these days...black swans circling everywhere, not to mention gross fiat devaluation. Wouldn't it be fun to go to the coin show with 100K ?

Ag guy

[LongDonSilver]

Jan 2024 should be a great play. I'm mostly long in my two accounts and will all in in Jan 2023. Waiting for new years to sell GDX and GDXJ to get some profit and free up some cash for some options myself.

[LongDonSilver]

Jan 2024 should be a great play. I'm mostly long in my two accounts and will all in in Jan 2023. Waiting for new years to sell GDX and GDXJ to get some profit and free up some cash for some options myself.

[Ag guy]

accumulation complete; OK.....!....I'm done...350 contracts @ .55 average. $19,250 invested. expires Jan 19th 2024. Hoping for a strong first half for silver, EXK @ 7.00 per share in June with a $1 time premium still added to the contract would be over $100K ( I know..."pie in the sky") If successful, can add a lot to the stack. It's all watch and wait now.

Ag guy

[LongDonSilver]

"VANCOUVER, British Columbia, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) (“Endeavour” or the “Company”) is pleased to report full year 2022 production of 5,963,445 silver ounces (oz) and 37,548 gold oz, for silver equivalent 1 (“AgEq”) production of 9.0 million oz. Fourth quarter production was 1,830,835 silver oz and 10,370 gold oz, for silver equivalent production of 2.7 million oz.

The Company’s 2022 full year production exceeded the upper range of its guidance of between 7.6 million oz and 8.0 million oz AgEq (revised upwards in August) due to continuing strong performance at Guanacevi. Annual silver and gold production exceeded the upper range of guidance by 17% and 4% respectively.

“We are very pleased to have exceeded the top end of the 2022 production guidance, with full year silver equivalent production improving by 9% year over year and fourth quarter silver equivalent production up 21% over the prior year period. Fourth quarter throughput and grades at Guanaceví exceeded plan, contributing to the significant out-performance of the Guanaceví operations during 2022,” stated Dan Dickson, Chief Executive Officer. “I am extremely proud of the operations group collective desire to deliver safe production on a daily basis. The results over the past 2 years is a reflection of a dynamic team that is engaged and committed. Again, I am very proud of our team.”

Q4 Highlights

Exceeded Production Guidance: Consolidated production remained strong as silver and gold production at each mine met or exceeded revised 2022 guidance and exceeded plan.
Guanaceví Continued to Outperform: Silver and gold grades continued to deliver well above plan. Additionally, throughput exceeded plan as plant modifications and refurbishment completed in 2022 increased plant capacity to enable throughput to average 1,297 tpd during Q4, 2022.
Bolañitos Performance Remained Steady: Increased silver production from higher silver grades and increased throughput were offset by the impact of lower than expected gold production due to lower gold grades.
Sold Majority of Withheld Metal Inventory : Management took advantage of the rebound in silver prices during Q4, 2022 by reducing held inventory to 525,485 oz silver and 1,512 oz gold of bullion inventory and 4,766 oz silver and 195 oz gold in concentrate inventory at quarter end. Sold 2,816,881 oz silver and 11,843 oz gold during the quarter.
Construction Preparation Advances at the Terronera Project : Progress on predevelopment activities include onsite delivery of mobile mining equipment, procurement of major equipment purchases, and assembly of initial project infrastructure such as the temporary mine maintenance shop and a permanent camp facility. Earthworks included site clearing, road upgrades and underground mine access development, near portal #2.
Financial Due Diligence Continues on Financing the Terronera Project: The Company intends to make a formal construction decision subject to completion of a financing package and receipt of additional amended permits in the coming months.
Published Initial Mineral Resource Estimate for the Pitarrilla Project: One of the world’s largest undeveloped silver projects, Pitarrilla will form the cornerstone of the Company’s growth profile, together with Terronera and Parral. The Indicated Mineral Resources totals 158.6 million tonnes containing 491.6 million oz Ag grading 96.4 gpt, 1.1 billion pounds (lbs) of lead (Pb) grading 0.31%, and 2.6 billion pounds of zinc (Zn) grading 0.74%. The inferred Mineral Resource totals 35.4 million tonnes containing 99.4 million oz Ag grading of 87.2 gpt, 281 million lbs Pb grading 0.36%, 661 million lbs Zn grading 0.85% (see News Release dated December 8, 2022 ).

Q4 2022 Mine Operations

Consolidated silver production increased 27% to 1,830,835 ounces in Q4 2022 compared to Q4 2021, primarily driven by increased silver production at the Guanaceví mine. The high grades at El Curso have led to improved production, allowing for production targets to be exceeded. Local, third-party mill feed continued to supplement mine production, amounting to 16% of quarterly processed tonnes and contributing to higher processed grades. Guanaceví throughput was 22% higher than Q3, 2022 and 11% higher than plan as modifications to the plant increased capacity.

Consolidated gold production increased by 10% to 10,370 ounces primarily due higher gold grades mined at the Guanaceví mine. The increased gold production from Guanaceví more than offset the reduced gold produced from the Bolañitos mine.

Guanaceví Q4 2022 throughput was 10% higher than Q4 2021 with silver grades 23% higher and gold grades 19% higher resulting in increased silver and gold production of 29% and 27% respectively. The change in grades were due to accessing higher-grade areas of the mine.

Bolañitos Q4 2022 throughput was consistent with Q4 2021 with silver grades 4% higher and gold grades 6% lower. Silver production increased by 7% while gold production decreased by 1% at the Bolañitos mine. An increase in gold recoveries partially offset the reduction in gold grades. The change in grades were due to typical variations in the mineralized body."