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Endeavour Silver Announces Q4 2024 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
VANCOUVER, British Columbia, March 11, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ( ...
About this update from Endeavour Silver Corp.
[{"type":"text","content":"Endeavour Silver Announces Q4 2024 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today\n\n\n\n\n VANCOUVER, British Columbia, March 11, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp.\n \n\n (“Endeavour” or the “Company”)\n \n\n (NYSE: EXK; TSX: EDR)\n \n announces its financial and operating results for the three months and the year ended December 31, 2024. All dollar amounts are in US dollars (US$).\n \n\n “The Company achieved strong financial results in 2024, maintaining a solid balance sheet,\" said CEO Dan Dickson. \"Higher realized prices fueled robust revenue, with mine operating cash flow reaching $72.3 million. With the Terronera project nearing completion and Pitarrilla progressing toward an economic assessment, we are well-positioned for sustained growth and value creation”.\n \n\n\n\n 2024 Highlights\n \n\n\n\n\n\n Production at the Higher end of the Updated 2024 Guidance:\n \n Production hit the higher end of the revised guidance of 7.3 to 7.6 million AgEq oz produced, which had been decreased after a trunnion failure of the primary ball mill at the Guanacevi mine (see news release from December 17, 2024\n \n here\n \n ) affected mill throughput from August to December. Production resumed to full capacity in December with an annual total of 4,471,824 silver ounces (“oz”) and 39,047 gold oz, for silver equivalent (“AgEq”) production of 7.6 million oz during 2024.\n \n\n\n Strong Revenue from Higher Realized Prices\n \n : Revenue of $217.6 million, from the sale of 4,645,574 oz of silver and 38,522 oz of gold at average realized prices of $27.39 per oz silver and $2,397 per oz gold.\n \n\n\n Mine Operating Cash Flow\n \n : $72.3 million in mine operating cash flow before taxes\n \n (2)\n \n , compared to $64.4 million in 2023 and operating cash flow before working capital changes of $27.2 million compared to $37.0 million in 2023.\n \n\n\n Net Earnings and Adjusted Earnings\n \n : Recognized net loss of $31.5 million compared to net earnings of $6.1 million and an adjusted net earnings\n \n (2)\n \n of $8.0 million or earnings\n \n (2)\n \n of $0.03 per share after excluding loss on derivative contracts, mark to market of deferred share units, gain on asset disposal, unrealized foreign exchange and investments losses. This compares to...