Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Endeavour Silver Reports Financial Results for the First Quarter 2021; Earnings Conference Call .
Endeavour Silver CorporationMay 11, 2021 GMT
VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) released its financial results today for the three months ended March 31, 2021. The Company operates three silver-gold mines in Mexico: the Guanacevi mine in Durango state, the Bolanitos mine in Guanajuato state and the El Compas mine in Zacatecas state.
Bradford Cooke, CEO, commented, “We are off to a good start in 2021, with the mining operations meeting our production plans notwithstanding the severe weather events that caused a slow down of production during the 1st quarter. As a result, our operating costs were a bit higher than plan but we expect costs to be lower going forward.”
Home » Internet » Endeavour Silver Reports Financial Results for the First Quarter 2021
Endeavour Silver Reports Financial Results for the First Quarter 2021 Posted by PublisherInternet Tuesday, 11. May 2021
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR – https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/) released its financial results today for the three months ended March 31, 2021. The Company operates three silver-gold mines in Mexico: the Guanacevi mine in Durango state, the Bolanitos mine in Guanajuato state and the El Compas mine in Zacatecas state.
Bradford Cooke, CEO, commented, ?We are off to a good start in 2021, with the mining operations meeting our production plans notwithstanding the severe weather events that caused a slow down of production during the 1st quarter. As a result, our operating costs were a bit higher than plan but we expect costs to be lower going forward.?
(TSX: EDR, NYSE: EXK) (“
Endeavour”) announces that it has now closed the sale of the El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. (“
VanGold”) for $15 million in cash and share payments plus up to $3 million in future contingent payments (all dollar amounts in US dollars unless otherwise noted) (the “
Transaction”).
$7.5 million cash on closing.
$5.0 million (C$6,399,317.40) in VanGold common shares (“
VanGold Shares”) on closing, priced at $0.2344 (C$0.30) per VanGold Share for a total of 21,331,058 VanGold Shares (“
Consideration Shares”) representing approximately 10.9% of the issued and outstanding VanGold Shares.
$2.5 million promissory note due 12 months from closing.
VanGold has also agreed to pay Endeavour up to an additional $3,000,000 in contingent payments based on the following:
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Endeavour Silver Produces 1,048,100 oz Silver and 11,109 oz Gold for 1.9 Million oz Silver .
Endeavour Silver CorporationApril 8, 2021 GMT
VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports production of 1,048,100 silver ounces (oz) and 11,109 gold oz in Q1, 2021, for silver equivalent (AgEq) production of 1.9 million oz at an 80:1 silver:gold ratio. Silver production increased 22% and gold production increased 31% compared to Q1, 2020, due primarily to higher ore grades mined and processed.
2021 First Quarter Highlights Consolidated Production on Plan: Silver equivalent production at each mine is on track to meet or exceed 2021 production plans.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Endeavour Silver Signs Definitive Agreement to Sell the El Cubo Mine in Guanajuato, Mexico to .
Endeavour Silver CorporationMarch 17, 2021 GMT
VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) announces that it has signed a definitive agreement to sell the El Cubo mine in Guanajuato, Mexico to VanGold Mining Corp. (“VanGold”) for $15 million in cash and share payments plus up to $3 million in contingent payments (all dollar amounts in USD unless otherwise noted).
VanGold will pay $15,000,000 to Endeavour as follows: