Endeavour Silver reports strong production in 2024, meeting updated guidance with new financing
From GlobeNewswire: 2025-01-09 06:50:00
Endeavour Silver Corp. reports full year 2024 production of 4,471,824 silver ounces and 39,047 gold ounces, with a total of 7.6 million silver equivalent ounces. Despite a trunnion failure in August, production resumed to full capacity in December, meeting updated guidance. Guanaceví saw lower production but recovered to historical levels of 1,200 tonnes per day. Bolañitos provided strong results, with higher gold grades driving production above plan. Metal sales included 654,519 silver ounces and 8,343 gold ounces in Q4 2024. Bought deal financing of US$73 million will support working capital and the Pitarrilla Project.
In Q4 2024, Guanaceví processing resumed to full capacity after a trunnion failure, with production totaling 824,529 silver ounces and 9,075 gold ounces. Consolidated silver production decreased by 41% due to lower throughput, while gold production decreased by 6% despite higher gold grades. Silver equivalent ounces were calculated using an 80:1 silver:gold ratio. Annual financial results for 2024 will be released on March 11, 2025, with a corresponding conference call to discuss the results. Endeavour Silver aims to contribute positively to the mining industry and communities through sustainable and responsible practices, with operations in Mexico and a new mine in Jalisco state.
Read more at GlobeNewswire: Endeavour Silver Produces 4,471,824 Oz Silver and 39,047 Oz