Endeavour Silver Corp. Closes US$73 Million Bought Deal Financing
Endeavour Silver Corp. Closes US$73 Million Bought Deal Financing
VANCOUVER, British Columbia, Nov. 27, 2024 -- Endeavour Silver Corp. (“Endeavour” 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 a total of 15,825,000 common shares (“ Common Shares ”) at a price of US$4.60 per Common Share for
aggregate 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 World Markets Inc., TD Securities Inc., Ventum Financial Corp. and H.C.
Wainwright & Co., LLC (the “Underwriters”).
The Company plans to use the net proceeds of the Offering for the advancement of the Pitarrilla project in Durango State,
Mexico and general working capital.
About Endeavour Silver Corp.
Endeavour is a mid-tier precious metals company committed to sustainable and responsible mining practices. With operations
in Mexico 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, which has helped it achieve its goal of becoming a premier senior silver producer.
Contact Information
Allison Pettit, Director of Investor Relations
Tel: (604) 640 4804
Email: [email protected]
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 the intended 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 Endeavour and its operations to be materially different from
those expressed or implied by such statements. Such factors include, among others, changes in production and costs
guidance; the ongoing effects of inflation and supply chain issue on mine economics; changes in national and local
governments’ legislation, taxation, controls, regulations and political or economic developments in Canada, Chile, the USA and
Mexico; financial risks due to precious metal 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; continued compliance with the project loan
debt facility; fluctuations in the prices of silver and gold; fluctuations in currency markets (particularly the Mexican peso,
Chilean peso, Canadian dollar and US dollar); 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 SEC 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, resource and reserve estimates, metal prices, 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. These forward-looking
statements represent the Company’s views as of the date of this release. There can be no assurance that any forward-looking
statements or information will 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 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.