August 2014
SILVER PRODUCER FOCUSED ON
GROWTH
NYSE:
NYSE:EXK
EXK
Property Locations
Overview
Endeavour Silver is one of the fastest growing silver mining
companies in North America. We acquire, expand and operate
quality silver mines in a sustainable way to create real value for
stakeholders. Our aim is to become the next senior producer
in the silver mining sector. By continually improving what we
do and how we do it, we make a positive difference in people’s
lives.
Endeavour Silver’s shares trade on the NYSE under the symbol
EXK and on the TSX under the symbol EDR.
Production 2004–2013
PARRAL
PÁNUCO-LABERINTO
GUADALUPE Y CALVO
GUANACEVÍ MINE
FIELD OFFICE
SAN SEBASTIÁN
70
Silver
Gold
Silver Equivalent
8M
BOLAÑITOS MINE
Mexico City
EL CUBO MINE
50
40
LOURDES
ARROYO SECO
Gold ounces (thoursands)
Silver and equivalent ounces (milions)
HEAD OFFICE
60
11M
10M
Producing Mines
Exploration Properties
6M
30
4M
20
2M
10
2013 Accomplishments
0
↑9 years of growth in production
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Since start-up in 2004 Endeavour has posted nine consecutive
years of growth in silver production. In 2013 we produced 6.8
million ounces of silver and 75,578 ounces of gold, or 11.4
million ounces of silver equivalent.
Financial Highlights
(expressed in US$)
Revenue Mine operating cash flow
Operating cash flow*
Adjusted earnings
- per share
TSX:
TSX:EDR
EDR
H1 2013
H1 2014
$107.8 million $ 141.1 million
$ 45.1 million $ 58.7 million
$ 30.2 million $ 37.7 million
$ 5.2 million $ 10.2 million
$ 0.05 per share $ 0.10 per share
* Before changes in working capital
Cautionary Note on Forward-Looking Statements
This factsheet by Endeavour Silver Corp. (“Endeavour”) may include statements concerning future operations, prospects, strategies, plans, projections, forecasts, financial conditions and economic performance,
as well as intentions and objectives, that are forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These statements are based upon a number of
assumptions and estimates that are subject to significant risks and uncertainties, many of which are beyond
our control.
EL INCA, CHILE
Santiago
↑52% increase in silver production in 2013, to
6.8 million ounces
↑95% increase in gold production in 2013, to
75,578 ounces
↑67% increase in silver equivalent production in
2013 to 11.3 million ounces
↑33% increase in revenue in 2013, to US$276.8
million
Guanaceví Mine: Acquired in 2004; our first and highest-
El Cubo Mine: Acquired in 2012; our third mine and latest
Guanaceví is located 260 km northwest of the city of Durango
in the state of Durango. In 2013 Guanaceví produced 2.8
million oz of silver and 6,800 oz of gold, totalling 3.2 million
oz of silver equivalent, at cash costs of $14.32 per oz of silver,
net of by-product credits. Today, three underground mines
feed a central, 1,200 tonne-per-day plant that produces doré
bars, with total work force of about 450 employees and 300
contractors.
El cubo is located 6 km southeast of the city of Guanajuato in
the state of Guanajuato. In 2013 El Cubo produced 1.2 million oz
of silver and 17,142 oz of gold, totalling 2.2 million oz of silver
equivalent, at cash costs of $18.77 per oz of silver, net of byproduct credits. Today, four underground mining operations feed
a central, 1,550 tonne-per-day plant to produce high-grade silvergold concentrates, providing employment for 580 employees and
100 contractors.
Bolañitos Mine: Acquired in 2007; our second and fastest-
Exploration Projects: In pursuit of our fourth mine
grade mine
growing mine
Bolañitos is located 10 km northwest of the city of
Guanajuato in the state of Guanajuato. In 2013 Bolañitos
produced 2.9 million oz of silver and 51,652 oz of gold,
totalling 6.0 million of silver equivalent, at cash costs of
negative $2.87 per oz of silver, net of by-product credits.
Today, three underground mining operations feed a central,
1,600 tonne-per-day plant to produce bulk silver-gold
concentrates, employing 400 people and 370 contractors.
In addition to operating mines, Endeavour has a portfolio of
six exploration projects in Mexico and one in Chile. The most
advanced of these is San Sebastián, located in the state of Jalisco,
Mexico. In 2012 we discovered the Terronera vein, which is more
than 1,200 metres long, 200 metres deep, up to 10 metres thick,
and open in both directions. In 2014 we will continue to explore
the full potential of our project portfolio as we lay the foundation
for another nine years of accretive growth.
Board of Directors
Management
Bradford Cooke Godfrey Walton
Dan Dickson David Howe Luis Castro
Terry Chandler
Miguel Ordaz
Meghan Brown
opportunity
CEO
President, COO
CFO
VP Operations
VP Exploration
VP Corporate Development
Director Mexico Projects
Director Investor Relations
Geoff Handley
Bradford Cooke
Godfrey Walton
Rex McLennan
Mario Szotlender
Ricardo Campoy
Ken Pickering
Chair(1)(2)(3)
Director, CEO
Director, President, COO
Director(1)(3)(4)
Director(1)(2)(3)(4)
Director(1)(2)
Director(2)(4)
(1) Audit Committee
(2) Compensation Committee
(3) Corporate Governance and Nominating Committee
(4) Sustainability Committee
Analysts
Matt O’Keefe
Ash Guglani
Andrew Kaip
Chris Thompson
Ben Asuncion
Ian Parkinson
Leon Esterhuizen
Daniel Earle
Christos Doulis
Bhakti Pavani
Sustainability
Share Structure (August 2014)
Corporate sutainability at Endeavour means more than just
Issued and outstanding:
Options:
Warrants:
Fully diluted:
Share price Market cap:
conducting our business in an ethical manner. It means we aim
to improve the standard of living for all of our shareholders,
employees and the communities in which we work. In the
workplace, it means rigorous safety standards, procedures and
training to ensure our employees work in a safe and healthy
manner. In the environment, it means taking extra measures
to maintian and improve the integrity of local ecosystems.
In the communities, it means supporting local people and
governments whenever possible to enhance their standard of
living.
Contact:
301-700 West Pender St.
Vancouver, B.C. V6C 1G8
tel 604 685 9775
toll free 877 685 9775
fax 604 685 9744
email [email protected]
www.edrsilver.com
Dundee Securities
Salman Partners
BMO Capital Markets
Raymond James
Haywood Securities
GMP Securities
CIBC World Markets
TD Securities
PI Financial
Euro Pacific Capital
101,534,514
7,026,350
0
108,560,864
US$5.92
US$601 million
EXK: NYSE EDR: TSX