Endeavour Silver Corp. announces its financial and operating results for the three months or 4Q 2024. “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”.
According to the 2024 key highlights, 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 affected mill throughput from August to December. Production resumed to full capacity in December with an annual total of 4,471,824 silver ounces and 39,047 gold oz, for silver equivalent (AgEq) production of 7.6 million oz during 2024.
Strong Revenue from Higher Realized Prices: 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. Mine Operating Cash Flow, $72.3 million in mine operating cash flow before taxes, 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.
Terronera Nearing Completion: Overall project progress reached 89.4% completion with $302 million of the project’s budget spent as of December 31, 2024. Wet commissioning is expected in early Q2 2025.
Advancement of the Pitarrilla Project: Advanced exploration and evaluation efforts at Pitarrilla with recent underground development and drilling. Technical studies commenced in Q4 2024 to support an economic assessment by Q1 2026.
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