VANCOUVER, British Columbia, May 09, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) announces its financial and operating results for the three months ended March 31, 2024. All dollar amounts are in US dollars ($).

“We are pleased to report a solid start to the year with consolidated production and operating costs meeting expectations,” stated Dan Dickson, CEO of Endeavour Silver. “Guanacevi continues to perform well, generating operating cash flow which we are reinvesting in the business. The higher precious metal prices will further enhance our cash flow, as we advance Terronera towards commissioning in late 2024.”

Q1 2024 Highlights

Production Tracking Towards Upper Range of Guidance: 1,460,006 ounces (oz) of silver and 10,133 oz of gold for 2.3 million oz silver equivalent (AgEq)(1).
Strong Revenue from Higher Realized Prices: $63.7 million from the sale of 1,756,094 oz of silver and 10,880 oz of gold at average realized prices of $23.47 per oz silver and $2,114 per oz gold.
Cash Flow: $10.2 million in operating cash flow before working capital changes(2), a decrease of 18% from Q1 2023.
Operating Costs: Cash costs(2) of $13.19 per oz payable silver and all-in sustaining costs(2) of $21.44 per oz payable silver, net of gold credits. Cash costs(2) and all-in sustaining costs were below guidance mostly due to a higher gold by-product credit.
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