VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) — Endeavor Silver Corp. (Endeavor or the Company) (TSX: EDR, NYSE: EXK) is pleased to announce the completion of its prospectus offering announced on November 20, 2024 for the issuance of an aggregate of 15,825,000 common shares (Ordinary shares) at a price of US$4.60 per Common Share for total gross proceeds of US$72,795,000 (the Offering). The Offering was led by BMO Capital Markets, together with a syndicate of underwriters consisting of CIBC (TSX:) World Markets Inc., TD Securities Inc., Ventum Financial Corp. and HC Wainwright & Co., LLC (the Insurers).
The Company plans to use the net proceeds from the Offering for the advancement of the Pitarrilla project in the State of Durango, Mexico and general working capital.
About Endeavor Silver Corp (NYSE:).
Endeavor is a mid-tier precious metals company committed to sustainable and responsible mining practices. With operations in Mexico and the development of the new pivotal mine in the state of Jalisco, the Company aims to contribute positively to the mining industry and the communities in which it operates. Additionally, Endeavor has a portfolio of exploration projects in Mexico, Chile and the United States, which has helped it achieve its goal of becoming a top-tier senior silver producer.
contact information
Allison Pettit, Director of Investor Relations
Telephone: (604) 640 4804
Email: apettit@edrsilver.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information contained herein include, but are not limited to, statements regarding the anticipated use of proceeds.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause actual events, level of activity, performance or achievements of Endeavor and its operations to be materially different from those expressed or implied in such statements. Such factors include, among others, changes in production and cost orientation; the ongoing effects of inflation and supply chain issues on the mining economy; changes in legislation, taxes, controls, regulations and political or economic developments of national and local governments in Canada, Chile, the United States and Mexico; financial risks due to precious metals prices; operational or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mining exploration and development; risks in obtaining necessary licenses and permits; continued compliance with the project loan line of credit; fluctuations in silver and gold prices; fluctuations in the currency markets (particularly the Mexican peso, the Chilean peso, the Canadian dollar and the US dollar); and challenges to the Company’s title to property; as well as those factors described in the Risk Factors section contained in the Company’s most recent Form 40F/Annual Information Form filed with the SEC and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions that management believes are reasonable, including, but not limited to: the continued operation of the Company’s mining operations, no material adverse changes in the market price of raw materials, the mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve stated production results, resource and reserve estimates, metal prices and other assumptions and factors set forth herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, evaluated or intended. . These forward-looking statements represent the views of the Company as of the date of this release. There can be no assurance that any forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company has no intention and undertakes no obligation to update any such forward-looking statements or information, except as required by applicable law.
Source: Endeavor Silver Corporation