George Town, August 5, 2020 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce its financial and operating results for the second quarter and half year 2020, with highlights provided in table 1 and 2 below. In fact, our best quarter in a long time, when you consider the changes of revenue cash flow and earnings, all sharply higher this year compared to the same quarter last year. Okay. Quarterly sales up Endeavour Drinks. M&A, restructuring and asset sale activities in Q2-2020 include an inflow $10 million related to the sale of mining equipment, in addition to $2 million received for associated spares, to the newly appointed contactor miner at Karma and a $7 million outflow associated to advisory fees for the SEMAFO transaction. It seems like your safety records there is pretty good. Unsurprisingly, Ford India’s Endeavour follows its arch-rival at almost half the number of sales. The H1-2020 royalty expense was $109/oz, up from $69/oz for H1-2019, due to both the higher realized gold price and an increase in the underlying royalty rate based on the applicable sliding scale (above a spot gold price of $1,300/oz, government royalty rates in Burkina Faso increase from 4.0% to 5.0%, and above a spot gold price of $1,600/oz rates increase from 4.0% to 5.0% in Côte d'Ivoire). The Prize Home is open for inspection 10am-5pm daily from 26 November 2020 until 18 February 2021. Let me give you a very high-level comment, and then I'll turn it over to Godfrey and Don. Pinterest. Table 5: Group and Pro Forma Group All-In Sustaining Costs1. Ex : garçon - nm > On dira "le garçon" ou "un garçon". In addition, the cyber security response was updated and is constantly tracked in light of the increased cyber security risk generally observed during the pandemic. These may include statements regarding Endeavour's anticipated performance in 2020 and future years, including revenue and cost figures, silver and gold production, grades and recoveries, and the timing and expenditures required to develop new silver mines in mineralized zone. As guided, a higher proportion of ore mined was sourced from the lower grade GG1 pit. Processing unit cost increased from $34.40 to $39.31 per tonne mainly due to higher rehandling costs. Access the live and On-Demand version of the webcast from mobile devices running iOS and Android: Clinton Bennett, Endeavour's VP Metallurgy and Met Improvement - a Fellow of the Australasian Institute of Mining and Metallurgy, is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and approved the technical information in this news release. Some of the indicators used by Endeavour in this press release represent non-IFRS financial measures. Operating Cash Flow Per Share is a NON-GAAP measure. For its first quarter to 4th October 2020, sales at Endeavour-owned bottleshops BWS and Dan Murphy’s rose to $2.7 billion, up from $2.2 billion in the same period last year. The non-sustaining capital spend increased in Q2-2020 compared to Q1-2020, due to increases at Houndé and Karma. At Compass, it's just a high variability because of the size of the operations. 1.8 million ounces of silver equivalents. The amount for H1-2020 of $4 million relates mainly to the Kalana project. Moving on to our press release this morning. Gold sales decreased by 25Koz in Q2-2020 compared to Q1-2020 as a result of lower production at the Ity, Karma and Agbaou mines. All news about ENDEAVOUR SILVER CORP. 09:29a: VANGOLD MINING: to Acquire El Cubo Mine and Mill from Endeavour Silver Corp: AQ. Hi, Heiko. Pro Forma Group production is expected to be higher and AISC lower during the second half of the year, notably due to the mining of the higher-grade Kari Pump deposit at Houndé and the restart of mining activities at the Boungou mine. Table 28: Operating Cash Flow Before Non-Cash Working Capital Per Share. You'll hear a tone acknowledging your request. The average estimate suggests sales growth for the quarter will likely rise by 5.2% when compared to those recorded in the quarter in the last financial year. We'll be looking at the feasibility report being completed sometime mid next year. The 1981 Endeavour 40 was designed for the owner cruising market but also with an eye to establishing sales in the yacht charter market. Given the flexibility available within the Houndé mine plan, notably due to the slightly earlier than expected receipt of the mining permit for the high grade Kari Pump deposit, a portion of the initially scheduled waste capitalization activity was delayed to later in the year. Surendhar M - March 4, 2020. H1-2020 production for Endeavour's assets amounted to 321koz, an increase over H1-2019 mainly due to the start-up of the Ity CIL operation in late Q1-2019 while AISC increased in line with guidance. The estimates for the next quarter sales put growth at 22.9%. Gold sales increased in H1-2020 compared to H1-2019 due to higher production from the Ity mine which was commissioned in Q2-2019. The 2020 estimates are for Endeavour Silver Corp. earnings to decrease by -267.1%, but the outlook for the next 5-year period is at 0% per year. Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk. Dividend initiation approaching. Good points, good question, Chris. It's a big area to drill, but like Godfrey said, we're seeing all of the things that we want to see in the quarter. The non-sustaining exploration capital spend for H1-2020 continued to remain high, in line with Endeavour’s strategic objective of unlocking exploration value through its aggressive drilling campaign. I think from that perspective, we're taking out the proper precautions and measures to take care of our people as well as make sure that the operation can maintain continuity. These operations are already benefiting from our strong local presence and regional expertise and we look forward to realizing synergies. The conference call and webcast are scheduled at:5:30am in Vancouver8:30am in Toronto and New York1:30pm in London8:30pm in Hong Kong and Perth, The webcast can be accessed through the following link: This is Godfrey. With me on the line today we have the Company's Chief Executive Officer, Bradford Cooke; our Chief Financial Officer, Dan Dickson; our Chief Operating Officer, Don Gray; and our President, Godfrey Walton. On behalf of Endeavour Silver, I'd like to thank you again for joining our call. We're encouraged with what we see in the core, but we don't have any numbers yet, and we won't until Q1 next year. We use cookies to collect data such as IP addresses, cookie identifiers and website activity, and may, from time to time, use the data for advertising purposes. Adjusted Net Earnings amounted to $53 million in Q2-2020 (or $0.48 per share), an increase of $19 million compared to Q1-2020 due to the benefit of a strong gold price and lower depreciation. Table 29:  Net Earnings and Adjusted Net Earnings. A, we get to go find out where that ore is coming from and gives us a little bit of exploration opportunity, and like I say, ultimately keeps it in the ground. Level 2 is designed to be initiated should COVID-19 become more prevalent in the countries in which the Group operates and involves comprehensive restrictions on movement into and out of the mines. The bad news is that it doesn't really change, the higher prices don't really change the amount of ounces in the ground. Hi, Brad. Processed grades increased as the strong waste capitalization at Vindaloo Central during the previous quarter  provided access to high grade ore. Okay. Very informative. Non-sustaining capital remained low, marginally increasing from $0.1 million to $0.3 million. Total tonnes mined remained flat, however tonnes of ore mined decreased by 16% as a greater focus was placed on waste extraction. For example, through the first nine months of 2020, silver made up around 25% of Coeur's sales. Refer to the non-GAAP measure section of the MD&A for Endeavour and refer to the non-IFRS measures note in this press release for SEMAFO. We'll continue with our brownfields exploration around Guanacevi and Bolanitos. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures. Last but not least, El Compas is pretty much on plan. WhatsApp. We were affected by significant rainfall in the rain season in Q3. Mining is expected to continue principally in the North and South pits with contributions from the West pit ceasing in the second half of the year. I should point out that we did carry a significant increased metal inventory through the quarter end, largely because of the summer run-up in metal prices and then the significant correction at the end of September. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess EDV operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. The Company operates three silver-gold mines in Mexico: the Guanaceví mine in Durango state, the Bolañitos mine in Guanajuato state and the El Compas mine in Zacatecas state. Endeavour is also maintaining SEMAFO's production and AISC guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group production to amount to 995—1,095koz in 2020 … Our next question is from Joseph Reagor with ROTH Capital Partners. Facebook. Accounting treatments and classifications will be aligned with Endeavour methodologies and policies. Pro forma information has not been adjusted and is comprised of the simple sum of information provided for each of Endeavour and SEMAFO. Cost of sales for Q1, 2020 was $24.8 million, a decrease of 27% over the cost of sales of $33.8 million for the same period of 2019. More waste was extracted at the Ity pit as a result of accelerating the previously planned cutback. Table 1: Endeavour Operational and Financial Highlights in US$ million unless otherwise specified. Good morning, everyone, and welcome to the Endeavour Silver 2020 Third Quarter Financial Results Conference Call. Certain line items in the table above are NON-GAAP measures. A portion of the higher royalties due to the higher gold price is expected to be netted against lower expected fuel costs. The current P/S ratio for Endeavour Silver as of September 10, 2020 is . We took a one-year break from drilling Parral, which is intended to follow Terronera in our development pipeline, but I think it's safe to assume that there will be aggressive drilling programs on both Terronera and Parral next year. Following the recent resource addition, the updated Le Plaque reserve estimate is expected to be published in Q3-2020 and integrated into the Ity mine plan. Endeavour Mining is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea. This news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour's plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Distributed by Public, unedited and unaltered, on 09 November 2020 17:01:03 UTC. It's nice to hear the whole team chiming in on an answer to singular question. AISC increased slightly due to a higher royalty cost related to the increase in the average realized selling price. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). A new mineralized area was discovered, named Kari Gap, which is the extension of the Kari Center Main area. Surendhar M - November 7, 2020. Table 6: Ity CIL Quarterly Performance Indicators, Table 7: Ity CIL Half Yearly Performance Indicators, Table 8: Houndé Quarterly Performance Indicators, Table 9: Houndé Half Yearly Performance Indicator, Table 10: Agbaou Quarterly Performance Indicators, Table 11: Agbaou Half Yearly Performance Indicators, Table 12: Karma Quarterly Performance Indicators, Table 13: Karma Half Yearly Performance Indicators, Table 12: Mana Quarterly Performance Indicators, Table 13: Mana Half Yearly Performance Indicators, Table 16: Boungou Quarterly Performance Indicators, Table 17: Boungou Half Yearly Performance Indicators, Amounts include expensed, sustaining, and non-sustaining exploration expenditures. Sustaining capital decreased from $16.9 million to $11.9 million due to less underground development in Q2-2020 and more waste stripping in the Wona North pit during Q1-2020. No decisions made yet. This is Godfrey. The sustaining capital expenditure for H1-2020 increased compared to the corresponding period of 2019 mainly due to the scheduled waste capitalization at Houndé and the commissioning of the Ity CIL project, as shown in the table below. At Bolanitos, we're right in line with our cost per tonne, in line with budgets, in line with historicals at $68. Processing unit costs increased  from $18.19 to $21.42 per tonne due to lower tonnes milled. Hey, guys. We are very pleased with the progress made to integrate the SEMAFO assets within our well-established West African operating model, which is now largely complete. 1, Table 33: Mine Capital Sustaining Expenditure Guidance, Table 34: Mine Capital Non-Sustaining Expenditure Guidance. Ford India has been enduring tough times in the domestic market due to the slowdown in its sales volumes. Pro forma information has not been adjusted and is comprised of the simple weighted average of information provided for each of Endeavour and SEMAFO. Check Out Ford Endeavour BS6 price, Endeavour BS6 models, reviews, diesel mileage, image, color variants, interiors & exterior specification, features and more. Find out Ford Endeavour sales statistics in India below: Model Month Sales Figures Ford Endeavour December 261 Also check Sales Figures of Ford Endeavour Competitors like Tata Harrier Sales Figures, Honda CR-V Sales Figures, Volkswagen Tiguan Sales Figures, Hyundai … It's only 250 tonnes per day. That's really driving up our cost per tonne. As of September, we've resumed drilling on a number of very interesting undrilled veins at Terronera to try and continue boosting the resources there. Please refer to Endeavour's most recent Annual Information Form filed under its profile at for further information respecting the risks affecting Endeavour and its business. Increase is mainly due to the increase in VAT receivable at Houndé and an increase in the receivable from BCM. Good progress has been made to swiftly integrate Boungou within Endeavour’s West African operating model. Sustaining and non-sustaining capital spends for FY-2020 are expected to amount to approximately $49.0 million and $10.0 million, respectively. The table below summarizes operating, investing, and financing activities, main balance sheet items and the resulting impact on the company’s Net Debt position, with notes provide below. At Bolanitos, we'll look at whether or not we can bring some of the lower-grade resources into the mine plant, but that's probably the only impact. Welcome to Endeavour. Great. Sustaining capital costs decreased from $5.4 million to $1.4 million primarily due to the lower capitalized waste. That's very helpful. Stock model available for only $67,900. Mining unit costs increased from $2.66 to $2.76 per tonne mined due to mining more fresh material at a deeper elevation in the North and South pits. Ore tonnes stacked increased due to the benefit of the recently completed conveyor and stacking system upgrades. The average estimate suggests sales growth for the quarter will likely rise by 5.2% when compared to those recorded in the quarter in the last financial year. Ford Endeavour sales follow closely at 647 units, at 10.64 percent sales decline. conference call on our third quarter financial results. The All-In Sustaining Margin for Q2-2020 remained flat over Q1-2020 as the higher realized gold price offset lower gold sales. Tonnes milled increased during the quarter as the plant processed stockpile over a three-month period compared to a two-month period in the first quarter. Tonnes of ore mined decreased mainly due to the impact of higher rainfall and lower equipment productivity as mining focused on the fresh material zones. Ford Endeavour current engine specifications include a highly powerful 3.2 L diesel engine, which generates a max power of 197 bhp @ 3000 rpm and a max torque of 470 nm @ 1750-2500 rpm while the 2.2 L TDCI diesel engine generates a max power of 158 bhp @ 3200 rpm and a maximum torque of 385 nm @ 1650-2500 rpm. A key difference between SEMAFO’s operating model and that of Endeavour is the reporting structure, where Endeavour’s mines benefit from the presence of technical experts and a logistics platform based locally on site rather than at the head office which allows for quick decision making and synergies. « 2019 | 2020 | 2021 » See also. YoY sales are down -11%, as compared to 724 units sold in November last year. The majority of the exploration work planned for 2020 was conducted in H1-2020, ahead of the rainy season, with approximately 85% of the original full year guidance already completed. I'll get back in queue. The next question is from Chris Thompson with PI Financial. Tonnes milled reduced slightly, however continued to perform well above nameplate, as the ore blend continued to be mainly fresh. Yes, we actually have pretty intense protocols to make sure that we do stop COVID at the gate, as Brad mentioned. Thank you very much, Galena and again, welcome, everybody to this. Now that we've got lots of free cash flow, it opens up other possibilities. Through focused event promotions driven by our talented brand ambassadors, we’re turning ripples into waves of worldwide awareness. Several key personnel changes were made at Boungou, including the appointment of a West African General Manager, to accelerate the integration process into Endeavour’s operating model. Thanks for your question. Tonnes of ore mined from the open pit operations increased as mining focused on ore extraction, benefiting from the lower overall strip ratio. Protecting the well-being of employees, contractors, and local communities. Twitter. We typically do year-end planning, but just give you an idea of what we would do. This is his first earnings call as our new COO. Sustaining capital decreased from $0.5 million to $0.2 million. The program mainly focused on the Lafigué deposit, in addition to initial drilling on the Iguela target. Mining unit costs increased  from $2.37 to $3.12 per tonne mined due to the higher drill and blast and equipment maintenance costs associated with mining an increased proportion of fresh material. November 2020 - Endeavour for CRM is a Top 2020 Microsoft CRM Consulting firm with a focus on Microsoft Dynamics 365 and Dynamics CRM for Sales, Customer Service and Member Management. Guanacevi, our largest mine, has by far the biggest impact on our financial performance. For much of the last two decades, if you’ve wanted a big, burly, 7-seater SUV that doesn’t have a luxury badge on the front of it, you’ve aspired for the Toyota Fortuner or the Ford Endeavour. Toyota Fortuner scored a total of 1,472 units in October 2020 as against 1,302 units during the same period in 2019 with 13 per cent growth . Company VAT Number: GB344692676 Production decreased due to lower average processed grades and throughput while recovery rates remained flat. Cash settlements on hedge programs in H1-2020 includes a $5 million fee for the gold collar program and $20 million for its associated settlements, and an inflow of $7 million related to short-term forward sales in Q1-2020.

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