Endeavour Silver Announces Q2 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
Endeavour Silver Announces Q2 2025 Financial Results; Earnings Call at 10AM
PDT (1PM EDT) Today
VANCOUVER, British Columbia, Aug. 13, 2025 -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE:
EXK; TSX: EDR) announces its financial and operating results for the three and six months ended June 30, 2025. All dollar
amounts are in US dollars ($).
“We are pleased with Endeavour’s strong performance this quarter, highlighted by increased silver equivalent production,
robust revenue growth, and the successful integration of Minera Kolpa into our portfolio,” said Dan Dickson, Chief Executive
Officer.
“Our team delivered solid operating results, achieving higher sales at favorable market prices while maintaining costs below
guidance. The completion of the Minera Kolpa acquisition has enhanced the Company’s growth profile, and with Terronera
nearing commercial production, we are transforming our operational landscape with an expanded resource base and increased
production capacity. These milestones, combined with a steadfast commitment to operational efficiency and disciplined
capital management, position the company to leverage future opportunities and deliver sustainable growth for our shareholders
well into the future.”
Q2 2025 Highlights
• Strong and Consistent Production: 1,483,736 ounces (“oz”) of silver and 7,755 oz of gold for 2.5 million oz silver
equivalent (“AgEq”)(1) with the addition of Kolpa, 13% higher than the same period in 2024.
• Higher oz Sold with Higher Realized Prices : $85.3 million from the sale of 1,455,680 oz of silver and 7,706 oz of
gold at average realized prices of $32.95 per oz silver and $3,320 per oz gold. Revenue from operations is 46% higher
than in the same period in 2024.
• Positive Mine Operating Cash Flow : $22.9 million in operating cash flow before working capital changes (2), 21%
higher than the same period in 2024.
• Operating Costs Below Guidance: Cash costs (2) of $15.35 per oz payable silver and all-in sustaining costs (2) of
$25.16 per oz, net of by-product credits.
• Solid Cash Position: Ended the second quarter with a robust consolidated cash balance of $52.5 million.
• Completed Acquisition of Minera Kolpa: On May 1, 2025, the Company completed the acquisition of Minera Kolpa,
including a $50 million bought deal equity financing, used to fund the cash component of the Kolpa Acquisition (See
news release dated April 16, 2025 here), and commenced payments on the US$35 million copper stream with
Versamet Royalties Corporation (See news release dated May 1, 2025 here).
• Additional Credit Facility of US$15 Million: The Company amended and restated the Terronera credit facility to
increase the principal amount from $120 million to $135 million (See news release dated June 24, 2025 here).
• Terronera Nearing Commercial Production: Q2 results have been impacted by Terronera’s operating losses during
the commissioning phase. On August 5, 2025 the Company announced that the throughput has rapidly increased with
milling rates between 1,900 and 2,000 tpd at the end of July and that silver and gold recoveries have averaged 71% and
67%, respectively during second half of the July. (See news release dated August 5, 2025 here).
Financial Overview
Three Months Ended June 30 Q2 2025 Highlights Six Months Ended June 30
2025 2024 % Change 2025 2024 % Change
Production
1,483,736 1,312,572 13% Silver ounces produced 2,689,529 2,772,578 (3%)
7,755 10,549 (26%) Gold ounces produced 16,093 20,682 (22%)
3,503 - - Lead tonnes produced 3,503 - -
2,316 - - Zinc tonnes produced 2,316 - -
2,528,562 2,156,453 17% Silver equivalent ounces produced(1) 4,401,401 4,427,130 (1%)
15.35 13.43 14% Cash costs per silver ounce(2) 15.59 13.30 17%
25.25 20.48 23% Total production costs per ounce(2) 24.79 19.65 26%
25.16 23.13 9% All-in sustaining costs per ounce (2) 24.85 22.24 12%
303,828 218,989 39% Processed tonnes 513,335 440,783 16%
142.00 140.36 1% Direct operating costs per tonne(2) 142.30 137.65 3%
201.24 192.68 4% Direct costs per tonne (2) 203.70 187.19 9%
Financial
85.3 58.3 46% Revenue from operations ($ millions) 148.8 122.0 22%
1,455,680 1,217,569 20% Silver ounces sold 2,679,364 2,973,663 (10%)
7,706 9,887 (22%) Gold ounces sold 16,244 20,767 (22%)
32.95 28.94 14% Realized silver price per ounce 32.52 25.71 26%
3,320 2,374 40% Realized gold price per ounce 3,110 2,238 39%
3.3 - - Pre-production revenue ($ millions) 3.3 - -
85,711 - - Pre-production silver equivalent ounces sold(1) 85,711 - -
(20.5) (14.0) (46%) Net earnings (loss) ($ millions) (53.4) (15.2) (251%)
(9.2) (1.0) (841%) Adjusted net earnings (loss) ($ millions) (2) (9.4) (0.7) (1,227%)
7.7 10.2 (24%) Mine operating earnings ($ millions) 20.6 21.9 (6%)
22.9 18.9 21% Mine operating cash flow before taxes ($ millions)
(2) 45.0 39.5 14%
14.4 8.1 78% Operating cash flow before working capital
changes(2) 22.7 18.3 24%
1.4 (2.3) 162% EBITDA ($ millions)(2) (16.7) 11.3 (248%)
10.8 11.9 (10%) Adjusted EBITDA ($ millions)(2) 25.9 28.1 (8%)
(15.3) 64.5 (124%) Working capital ($ millions) (2) (15.3) 64.5 (124%)
Shareholders
(0.07) (0.06) (17%) Earnings (loss) per share – basic ($) (0.20) (0.06) (233%)
(0.03) (0.00) (100%) Adjusted earnings (loss) per share – basic ($)(2) (0.03) (0.00) (100%)
0.05 0.03 67% Operating cash flow before working capital
changes per share(2) 0.08 0.08 0%
283,534,276242,889,679 17% Weighted average shares outstanding 272,987,662235,201,630 16%
(1) Silver equivalent (AgEq) is calculated using an 80:1 Ag:Au ratio, 60:1 (Ag:Pb) ratio, 85:1 (Ag:Zn) ratio and 300:1 (Ag:Cu) ratio.
(2)
These are non-IFRS financial measures and ratios. Further details on these non-IFRS financial measures and ratios are provided at the end of this press release and in
the MD&A accompanying the Company’s financial statements, which can be viewed on the Company’s website, on SEDAR+ at www.sedarplus.com and on EDGAR at
www.sec.gov .
Direct operating costs per tonne in Q2 2025 increased to $142.00, slightly higher than $140.36 in Q2 2024. This metric was
impacted by: higher costs per tonne at Bolañitos with lower throughput as a result of maintenance of the floatation circuit and
crushing area; the addition of Kolpa which has higher direct operating costs per tonne; offset by lower costs at Guanaceví.
Consolidated cash costs per oz, net of by-product credits, were 14% higher in Q2 2025 at $15.35 per oz, compared with Q2
2024, driven by an increase in costs at Bolañitos and Guanaceví from lower production, and partially offset by addition of Kolpa
which at $11.81 per oz decreases the average cash cost. All-In-Sustaining Costs (“AISC”) in Q2 2025 was $25.16 per silver oz
in Q2 2025, 9% higher compared to $23.13 per oz in Q2 2024, predominantly due to the addition of Kolpa which at $25.66 per
oz increased the average AISC, and a slight increase of AISC at Guanaceví.
In Q2 2025, the Company’s mine operating earnings were $7.7 million (Q2 2024 – $10.2 million) from revenue of $85.3 million
(Q2 2024 – $58.3 million) and cost of sales of $80.9 million (Q2 2024 – $48.1 million). The decrease in mine operating
earnings is predominantly due to Terronera’s mine operating loss of $5.9 million as the mine ramped-up towards commercial
production. The increase in the cost of sales compared to the prior period was driven by $21.5 million from Kolpa and $9.2
million increase from Terronera.
In Q2 2025, the Company had operating loss of $4.8 million (Q2 2024 – earnings of $1.7 million) after exploration, evaluation
and development costs of $4.9 million (Q2 2024 – $4.3 million), and general and administrative expense of $7.6 million (Q2
2024 – $4.2 million). The increase in general and administrative expense is primarily due to the $3.6 million acquisition costs
of Minera Kolpa.
The loss before taxes for Q2 2025 was $14.6 million (Q2 2024 – loss of $11.3 million) after loss on derivative contracts of $10.0
million (Q2 2024 – $9.2 million) and partially offset by a foreign exchange gain of $0.7 million (Q2 2024 – loss of $4.0 million),
investment and other income of $0.7 million (Q2 2024 – $0.6 million), and finance costs of $1.1 million (Q2 2024 – $0.3
million).
The Company realized a net loss for the period of $20.5 million (Q2 2024 – net loss of $14.0 million) after an income tax
expense of $5.9 million (Q2 2024 – $2.7 million). The deferred tax recovery was realized as a result of recognizing previously
unutilized losses during the period.
Adjusted net loss was $9.2 million compared to adjusted net loss of $1.0 million in Q2 2024, largely due to the operating loss
from Terronera during the commissioning phase and higher depreciation and tax costs.
This news release should be read in conjunction with the Company’s condensed consolidated interim financial statements for
the period ended June 30, 2025, and associated Management’s Discussion and Analysis (“MD&A”) which are available on the
Company’s website, www.edrsilver.com, on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov.
Conference Call
Management will host a conference call to discuss the Company’s Q2 2025 financial results today at 10:00am Pacific (PST)/
1:00pm Eastern (EST).
Date: Wednesday, August 13, 2025
Time: 10:00am Pacific (PDT) / 1:00pm Eastern (EDT)
Telephone: Canada & US +1-833-752-3348
International +1-647-846-2804
Replay: Canada/US Toll Free +1-855-669-9658
International +1-412-317-0088
Access code is 6575935
To access the replay using an international dial-in number, please click here.
The replay will also be available on the Company’s website at www.edrsilver.com.
Management Update
Endeavour is pleased to announce the promotion of Allison Pettit as Vice President, Investor Relations, joining the company’s
management team, effective August 1, 2025.
With over a decade of experience in the mining sector, Ms. Pettit has a proven track record working in investor relations,
corporate communications, and stakeholder engagement. She joined Endeavour in 2024 after six years at NOVAGOLD
Resources Inc., where she played a key role in enhancing corporate visibility and strengthening shareholder relationships.
Ms. Pettit will continue to lead Endeavour’s investor relations and communications strategies, supporting the company’s
growth and strategic objectives. She holds a Bachelor of Business Administration and serves as a Board member for the BC
Chapter of the Canadian Investor Relations Institute.
Endeavour warmly welcomes Ms. Pettit to its management team as the company advances its growth strategy and
commitment to long-term shareholder value.
About Endeavour Silver
Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices.
With operations in Mexico and Peru, and the development of the new cornerstone mine in Jalisco state, the company aims to
contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of
exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.
Contact Information
Allison Pettit
Vice President, Investor Relations
Tel: (877) 685 - 9775
Email: [email protected]
Website: www.edrsilver.com
Endnotes
1 Silver equivalent (AgEq)
AgEq is calculated using an 80:1 Ag:Au ratio, 60:1 (Ag:Pb) ratio, 85:1 (Ag:Zn) ratio and 300:1 (Ag:Cu) ratio.
2 Non-IFRS and Other Financial Measures and Ratios
Certain non-IFRS and other non-financial measures and ratios are included in this press release, including cash costs per
silver ounce, total production costs per ounce, all-in costs per ounce, AISC per ounce, direct operating costs per tonne, direct
costs per tonne, silver co-product cash costs, gold co-product cash costs, realized silver price per ounce, realized gold price
per ounce, adjusted net earnings (loss) adjusted net earnings (loss) per share, mine operating cash flow before taxes, working
capital, operating cash flow before working capital adjustments, operating cash flow before working capital changes per share,
earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted EBITDA per share, sustaining and growth
capital and adjusted net earnings (loss).
Please see the June 30, 2025 MD&A for explanations and a discussion of these non-IFRS and other non-financial measures
and ratios. The Company believes that these measures and ratios, in addition to conventional measures and ratios prepared in
accordance with International Financial Reporting Standards (“IFRS”), provide management and investors an improved ability to
evaluate the underlying performance of the Company. The non-IFRS and other non-financial measures and ratios are intended
to provide additional information and should not be considered in isolation or as a substitute for measures or ratios of
performance prepared in accordance with IFRS. These measures and ratios do not have any standardized meaning prescribed
under IFRS and therefore may not be comparable to other issuers. Certain additional disclosures for these non-IFRS measures
have been incorporated by reference and can be found in the section “Non-IFRS Measures” in the June 30, 2025 MD&A
available on SEDAR+ at www.sedarplus.com.
Reconciliation of Working Capital
Expressed in thousands of US dollars As at June 30,
2025 As at December
31, 2024
Current assets $197,877 $157,647
Current liabilities 220,043 78,866
Working capital ($22,166) $78,781
Reconciliation of Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) Per Share
Expressed in thousands US dollars Three Months Ended June
30 Six Months Ended June 30
2025 2024 2025 2024
Net earnings (loss) for the period per financial statements ($20,455) ($14,007) ($53,362) ($15,201)
Unrealized foreign exchange (Gain) loss (2,802) 2,196 (2,527) 2,332
(Gain) loss on derivatives & copper stream valuation 10,088 9,253 42,019 9,253
Acquisition costs 3,602 - 3,602 -
Change in fair value of investments (178) 425 (321) 1,286
Change in fair value of cash settled DSUs 582 1,159 1,220 1,624
Adjusted net earnings (loss) ($9,163) ($974) ($9,369) ($706)
Basic weighted average share outstanding 283,534,276 242,889,679 272,987,662 235,201,630
Adjusted net earnings (loss) per share ($0.03) ($0.00) ($0.03) ($0.00)
Reconciliation of Mine Operating Cash Flow Before Taxes
Expressed in thousands US dollars Three Months Ended June
30 Six Months Ended June 30
2025 2024 2025 2024
Mine operating earnings per financial statements $7,744 $10,196 $20,586 $21,852
Share-based compensation 136 74 170 153
Depreciation 15,010 8,639 24,216 17,516
Mine operating cash flow before taxes $22,890 $18,909 $44,972 $39,521
Reconciliation of Operating Cash Flow Before Working Capital Changes and Operating Cash Flow Before Working Capital
Changes Per Share
Expressed in thousands US dollars Three Months Ended June
30
Six Months Ended June 30
(except for per share amounts) 2025 2024 2025 2024
Cash from (used in) operating activities per financial statements $21,564 $12,367 $24,927 $16,950
Net changes in non-cash working capital per financial
statements 7,192 4,301 2,207 (1,350)
Operating cash flow before working capital changes $14,372 $8,066 $22,720 $18,300
Basic weighted average shares outstanding 283,534,276 242,889,679 272,987,662 235,201,630
Operating cash flow before working capital changes per share $0.05 $0.03 $0.08 0.08
Reconciliation of EBITDA and Adjusted EBITDA
Expressed in thousands US dollars Three Months Ended June
30 Six Months Ended June 30
2025 2024 2025 2024
Net earnings (loss) for the period per financial statements ($20,455) ($14,007) ($53,362) ($15,201)
Depreciation – cost of sales 15,010 8,639 24,216 17,516
Depreciation – exploration, evaluation and development 4 188 254 347
Depreciation – general & administration 102 106 207 205
Finance costs 846 103 1,030 238
Current income tax expense 9,094 2,878 14,373 8,545
Deferred income tax expense (recovery) (3,199) (163) (3,413) (396)
EBITDA $1,402 ($2,256) ($16,695) $11,254
Share based compensation 1,681 1,162 2,197 2,332
Unrealized foreign exchange (gain) loss (2,802) 2,196 (2,527) 2,332
(Gain) loss on derivatives & copper stream valuation 10,088 9,253 42,019 9,253
Change in fair value of investments (178) 425 (321) 1,286
Change in fair value of cash settled DSUs 582 1,159 1,220 1,624
Adjusted EBITDA $10,773 $11,939 $25,893 $28,081
Basic weighted average shares outstanding 283,534,276 242,889,679 272,987,662 235,201,630
Adjusted EBITDA per share $0.04 $0.05 $0.09 $0.12
Reconciliation of Cash Cost Per Silver Ounce, Total Production Costs Per Ounce, Direct Operating Costs Per Tonne, Direct
Costs Per Tonne
Expressed in thousands of US dollars Three Months Ended
June 30, 2025
Guanaceví Bolañitos Kolpa Total
Direct production costs per financial statements $23,058 $11,594 $16,301 $50,953
Purchase of the third-party material (9,988) - - (9,988)
Smelting and refining costs included in revenue - 345 1,088 1,433
Opening finished goods (4,763) (1,328) (610) (6,701)
Closing finished goods 5,939 935 574 7,448
Direct operating costs 14,246 11,546 17,353 43,145
Purchase of the third-party material 9,988 - - 9,988
Royalties 6,197 164 - 6,361
Special mining duty (1) 1,079 423 148 1,650
Direct costs 31,510 12,133 17,501 61,144
By-products sales (11,635) (13,962) (13,275) (38,872)
Opening by-products inventory fair market value 2,232 1,410 544 4,186
Closing by-products inventory fair market value (2,302) (1,310) (526) (4,138)
Cash costs net of by-products 19,805 (1,729) 4,244 22,320
Depreciation 6,315 2,747 5,157 14,219
Share-based compensation 66 46 24 136
Opening finished goods depreciation (1,618) (384) (134) (2,136)
Closing finished goods depreciation 1,843 214 125 2,182
Total production costs $26,411 $894 $9,416 $36,721
Expressed in thousands of US dollars Three Months Ended
June 30, 2024
Guanaceví Bolañitos Kolpa Total
Direct production costs per financial statements $23,001 $10,702 - $33,703
Purchase of the third-party material (5,043) - - (5,043)
Smelting and refining costs included in revenue - 447 - 447
Opening finished goods (2,314) (651) - (2,965)
Closing finished goods 4,038 557 - 4,595
Direct operating costs 19,682 11,055 - 30,737
Purchase of the third-party material 5,043 - - 5,043
Royalties 5,556 92 - 5,648
Special mining duty (1) 129 637 - 766
Direct costs 30,410 11,784 - 42,194
By-products sales (8,622) (14,852) - (23,474)
Opening by-products inventory fair market value 871 851 - 1,722
Closing by-products inventory fair market value (2,187) (751) - (2,938)
Cash costs net of by-products 20,472 (2,968) - 17,504
Depreciation 5,965 2,674 - 8,639
Share-based compensation 60 14 - 74
Opening finished goods depreciation (771) (219) - (990)
Closing finished goods depreciation 1,326 144 - 1,470
Total production costs $27,052 ($355) - $26,697
Expressed in thousands of US dollars Three Months Ended
June 30, 2025
Guanaceví Bolañitos Kolpa Total
Throughput tonnes 96,834 88,098 118,896 303,828
Payable silver ounces 994,882 100,183 359,347 1,454,412
Cash costs per silver ounce $19.91 ($17.26) $11.81 $15.35
Total production costs per ounce $26.55 $8.92 $26.20 $25.25
Direct operating costs per tonne $147.11 $131.06 $145.95 $142.00
Direct costs per tonne $325.40 $137.72 $147.20 $201.24
Expressed in thousands of US dollars Three Months Ended
June 30, 2024
Guanaceví Bolañitos Kolpa Total
Throughput tonnes 112,897 106,092 - 218,989
Payable silver ounces 1,192,165 111,296 - 1,303,461
Cash costs per silver ounce $17.17 ($26.67) - $13.43
Total production costs per ounce $22.69 ($3.19) - $20.48
Direct operating costs per tonne $174.34 $104.20 - $140.36
Direct costs per tonne $269.36 $111.07 - $192.68
Expressed in thousands of US dollars Six Months Ended
June 30, 2025
Guanaceví Bolañitos Kolpa Total
Direct production costs per financial statements $48,502 $21,323 $16,301 $86,126
Purchase of the third-party material (15,854) - - (15,854)
Smelting and refining costs included in revenue - 781 1,088 1,869
Opening finished goods (5,448) (485) (610) (6,543)
Closing finished goods 5,939 935 574 7,448
Direct operating costs 33,139 22,554 17,353 73,046
Purchase of the third-party material 15,854 - - 15,854
Royalties 12,263 341 - 12,604
Special mining duty (1) 2,063 854 148 3,065
Direct costs 63,319 23,749 17,501 104,569
By-products sales (24,426) (25,954) (13,275) (63,655)
Opening by-products inventory fair market value 3,185 772 544 4,501
Closing by-products inventory fair market value (2,302) (1,310) (526) (4,138)
Cash costs net of by-products 39,776 (2,743) 4,244 41,277
Depreciation 12,884 5,384 5,157 23,425
Share-based compensation 86 60 24 170
Opening finished goods depreciation (1,188) (92) (134) (1,414)
Closing finished goods depreciation 1,843 214 125 2,182
Total production costs $53,401 $2,823 $9,416 $65,640
Expressed in thousands of US dollars Six Months Ended
June 30, 2024
Guanaceví Bolañitos Kolpa Total
Direct production costs per financial statements $49,887 $20,521 $ - $70,408
Purchase of the third-party material (7,435) - - (7,435)
Smelting and refining costs included in revenue - 940 - 940
Opening finished goods (7,137) (699) - (7,836)
Closing finished goods 4,038 557 - 4,595
Direct operating costs 39,353 21,319 - 60,672
Purchase of the third-party material 7,435 - - 7,435
Royalties 11,888 168 - 12,056
Special mining duty (1) 1,650 697 - 2,347
Direct costs 60,326 22,184 - 82,510
By-products sales (19,353) (27,117) - (46,470)
Opening by-products inventory fair market value 2,909 619 - 3,528
Closing by-products inventory fair market value (2,187) (751) - (2,938)
Cash costs net of by-products 41,695 (5,065) - 36,630
Depreciation 11,780 5,736 - 17,516
Share-based compensation 122 31 - 153
Opening finished goods depreciation (1,459) (197) - (1,656)
Closing finished goods depreciation 1,326 144 - 1,470
Total production costs $53,464 $ 649 $ - $54,113
Expressed in thousands of US dollars Six Months Ended
June 30, 2025
Guanaceví Bolañitos Kolpa Total
Throughput tonnes 199,272 195,167 118,896 513,335
Payable silver ounces 2,007,163 281,260 359,347 2,647,770
Cash costs per silver ounce $19.82 ($9.75) $11.81 $15.59
Total production costs per ounce $26.60 $10.04 $26.20 $24.79
Direct operating costs per tonne $166.30 $115.56 $145.95 $142.30
Direct costs per tonne $317.75 $121.69 $147.20 $203.70
Expressed in thousands of US dollars Six Months Ended
June 30, 2024
Guanaceví Bolañitos Kolpa Total
Throughput tonnes 227,901 212,882 - 440,783
Payable silver ounces 2,523,900 229,869 - 2,753,769
Cash costs per silver ounce $16.52 ($22.03) - $13.30
Total production costs per ounce $21.18 $2.82 - $19.65
Direct operating costs per tonne $172.68 $100.14 - $137.65
Direct costs per tonne $264.70 $104.21 - $187.19
(1) Special mining duty is an EBITDA royalty tax presented as a current income tax in accordance with IFRS.
Reconciliation of All-In Costs Per Ounce and AISC per ounce
Expressed in thousands of US dollars Three Months Ended
June 30, 2025
Guanaceví Bolañitos Kolpa Total
Cash costs net of by-products $19,805 ($1,729) $4,244 $22,320
Operations share-based compensation 66 46 24 136
Corporate general and administrative 1,074 323 4,755 6,152
Acquisition costs - - (3,602) (3,602)
Corporate share-based compensation 756 274 323 1,353
Reclamation - amortization/accretion 159 90 41 290
Mine site expensed exploration 29 27 1,036 1,092
Equipment loan payments - - 66 66
Capital expenditures sustaining 4,781 1,675 2,332 8,788
All-In-Sustaining Costs $26,670 $706 $9,219 $36,595
Acquisition costs 3,602
Growth exploration, evaluation and development 3,633
Growth capital expenditures 45,362
All-In-Costs $89,192
Expressed in thousands of US dollars Three Months Ended
June 30, 2024
Guanaceví Bolañitos Kolpa Total
Cash costs net of by-products $20,472 ($2,968) - $17,504
Operations share-based compensation 60 14 - 74
Corporate general and administrative 2,263 910 - 3,173
Corporate share-based compensation 684 277 - 961
Reclamation - amortization/accretion 101 73 - 174
Mine site expensed exploration 341 335 - 676
Equipment loan payments 78 67 - 145
Capital expenditures sustaining 5,245 2,199 - 7,444
All-In-Sustaining Costs $29,244 $907 $- $30,151
Growth exploration, evaluation and development 3,299
Growth capital expenditures 48,367
All-In-Costs $81,817