Endeavour Silver Corp.

Endeavour Silver Corp., a Canadian silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. Founded in 1981, the company operates two silver-gold mines in Mexico, the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato. In addition, the company holds interests in three exploration projects in northern Chile, including the Aida silver project, the Paloma gold project, and the Cerro Marquez copper-molybdenum gold project.

The company has recently been focusing on expanding its operations, with the acquisition of the El Compas mine in Zacatecas and the Terronera mine in Jalisco. In 2020, the company announced the start of production at El Compas, with an initial production rate of 1,800 tonnes per day. Following the mine’s acquisition and development, the company expects to produce around 3.2 million silver equivalent ounces in 2021. In the same year, Endeavour Silver announced the start of a drilling and exploration program at Terronera, looking to expand the current resource base.

In terms of profitability, the company reported a net income of $9.2 million for the fourth quarter of 2020, and $34.1 million for the full year. This was a significant improvement from previous quarters, when the company reported net loss and a decrease in revenue compared to the previous year. The company is expecting to increase revenue and cash flow in 2021 and beyond, due to higher production and lower costs.

The company puts great emphasis on environmental responsibility and actively manages the environmental impact of its operations, ensuring compliance with environmental standards in the countries where it operates. Endeavour Silver is actively engaged in social initiatives to develop and improve the communities around its operating mines and provide assistance for local initiatives. The company also supports international organizations and partnerships, to promote the responsible use of minerals and energy produced from mines.