The following is a summary of the Endeavour Silver Corp. (EXK) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

• Endeavour Silver reported Q3 2024 revenue of $53 million, up 8% year-over-year, benefiting from higher precious metal prices.

• The company recorded a net loss of $17 million for Q3 2024, compared to a $2.3 million loss in Q3 2023, with an adjusted income of $1.6 million.

• Cost of sales was $41 million, a decrease of 12% from the previous year, influenced by lower silver ounces sold and cost management measures.

• The company's cash position as of September 30, 2024, was $55 million.

Business Progress:

• Endeavour Silver experienced operational challenges, notably the trunnion failure at the Guana City mine, impacting production capacity. Modifications allowed continued operations at about 50% capacity.

• Significant development progress at Terronera, with 77% of surface construction completed by the end of Q3 2024 and commissioning expected by end of the year.

• Community engagement initiatives continued, including scholarships and local development programs.

Opportunities:

• The high prices of gold and somewhat stable silver prices present a favorable environment for increasing cash flow and financial strength.

• The Terronera project, expected to be commissioned by year-end, will significantly enhance production capabilities and is anticipated to positively impact future financial results.

Risks:

• Production challenges due to the trunnion failure at the Guana City mine required operations at reduced capacity, delaying full production resumption and potentially affecting future output and costs.

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