Login ID:
Password:
Partner Login
Contact Us : 7066511911

Press Release: Endeavour Silver Reports 2016 -2-

2 Mar 2017 11:55 am

A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass-code is 1086#. The replay will also be available on the Company's website at www.edrsilver.com.

All shareholders can receive a hard copy of the Company's complete audited financial statements free of charge upon request. To receive this material in hard copy, please contact Meghan Brown, Director Investor Relations at 604-640-4804 or toll free at 1-877-685-9775.

About Endeavour -- Endeavour Silver is a mid-tier precious metals mining company that owns three high grade, underground, silver-gold mines in Mexico. Since start-up in 2004, the company has grown its mining operations to produce 9.7 million ounces of silver and equivalents in 2016. We find, build and operate quality silver mines in a sustainable way to create real value for all stakeholders. Endeavour Silver's shares trade on the TSX (symbol EDR) and on the NYSE (symbol EXK).

Cautionary Note Regarding Forward-Looking Statements

This news 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 herein include but are not limited to statements regarding Endeavour's anticipated performance in 2016 including changes in mining and operations and the timing and results of various activities. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties; as well as those factors described in the section "risk factors" contained in the Company's most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out 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, assessed or intended. 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.
 
 
ENDEAVOUR SILVER CORP. 
COMPARATIVE HIGHLIGHTS 
 
    Three Months Ended December 31                                Year Ended December 31 
                                        2016 Highlights 
   2016           2015        % Change                       2016           2015        % Change 
-----------    -----------    --------    ------------    -----------    -----------    -------- 
                                           Production 
-----------    -----------    --------    ------------    -----------    -----------    -------- 
                                             Silver 
                                             ounces 
 1,088,845      1,732,765      (37%)        produced       5,435,407      7,178,666      (24%) 
                                          Gold ounces 
  11,402         15,433        (26%)        produced        57,375         59,990         (4%) 
                                            Payable 
                                             silver 
                                             ounces 
 1,064,827      1,686,330      (37%)        produced       5,308,026      6,991,639      (24%) 
                                          Payable gold 
                                             ounces 
  11,059         15,073        (27%)        produced        55,716         58,585         (5%) 
                                             Silver 
                                           equivalent 
                                             ounces 
 1,943,995      2,813,075      (31%)        produced       9,738,532     11,377,966      (14%) 
                                           Cash costs 
                                           per silver 
   9.39           9.76          (4%)         ounce           6.78           8.39         (19%) 
                                             Total 
                                           production 
                                           costs per 
   11.31          16.11        (30%)         ounce           9.40           14.11        (33%) 
                                             All-in 
                                           sustaining 
                                           costs per 
   20.11          17.33         16%          ounce           12.43          15.62        (20%) 
                                           Processed 
  317,555        408,092       (22%)         tonnes        1,458,917      1,565,507       (7%) 
                                             Direct 
                                           production 
                                           costs per 
   70.72          80.39        (12%)         tonne           72.42          80.14        (10%) 
                                             Silver 
                                           co-product 
   12.13          11.41          6%        cash costs        10.89          10.87          0% 
                                              Gold 
                                           co-product 
    811            845          (4%)       cash costs         810            791           2% 
-----------    -----------    --------    ------------    -----------    -----------    -------- 
                                           Financial 
-----------    -----------    --------    ------------    -----------    -----------    -------- 
                                           Revenue ($ 
   28.7           41.9         (32%)       millions)         156.8          183.6        (15%) 
                                             Silver 
  946,456       1,682,572      (44%)      ounces sold      5,152,031      7,301,698      (29%) 
                                          Gold ounces 
  11,004         15,255        (28%)          sold          55,851         59,450         (6%) 
                                            Realized 
                                          silver price 
   17.03          14.93         14%        per ounce         16.84          15.79          7% 
                                            Realized 
                                           gold price 
   1,139          1,105          3%        per ounce         1,253          1,148          9% 
                                          Net earnings 
                                           (loss) ($ 
   (5.2)         (136.2)        96%        millions)          3.9          (149.9)        103% 
                                          Adjusted net 
                                            earnings 
                                           (loss) ($ 
   (5.2)          (2.2)        (132%)      millions)          3.9          (11.2)         135% 
                                              Mine 
                                           operating 
                                            earnings 
                                           (loss) ($ 
    4.5           (1.3)        (454%)      millions)         38.9           16.7          132% 
                                              Mine 
                                           operating 
                                          cash flow ($ 
    6.4            9.7         (34%)       millions)         52.9           57.7          (8%) 
                                           Operating 
                                           cash flow 
                                             before 
                                            working 
                                            capital 
   (1.1)           5.7         (120%)       changes          24.0           35.2         (32%) 
                                            Earnings 
   (1.8)           5.5         (134%)     before ITDA        27.8           34.1         (19%) 
                                            Working 
                                           capital ($ 
   81.6           17.2          374%       millions)         81.6           17.2          374% 
-----------    -----------    --------    ------------    -----------    -----------    -------- 
                                          Shareholders 
-----------    -----------    --------    ------------    -----------    -----------    -------- 

(MORE TO FOLLOW) Dow Jones Newswires

March 02, 2017 06:55 ET (11:55 GMT)
Disclaimer
Top 5 Special Reports
Tamil Nadu Sugar Mill Prices 06 December 2019
Madhya Pradesh Sugar Mill Prices 06 December 2019
Gujarat Sugar Mill Prices 06 December 2019
Uttar Pradesh Sugar Mill Prices - 06 December 2019
USD/INR (Dec. 19) Failure at 72.00 a Concerning Sign...