Egdon Resources Share Discussion Threads

[stu31] 24/11/2024 23:36

Endeavour Silver Corp. Announces US$73 Million Bought Deal Financing
20/11/2024 11:59am

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets, pursuant to which the Underwriters have agreed to buy on a bought-deal basis 15,825,000 common shares of the Company (the “Common Shares”), at a price of US$4.60 per Common Share for aggregate gross proceeds of approximately US$73 million (the “Offering̶1;). The Company has granted the Underwriters an option, exercisable in whole or in part for a period of 30 days following the closing of the Offering, to purchase up to an additional 10% of the Common Shares offered under the Offering to cover over-allotments, if any.
The principal objectives for use of the net proceeds of the Offering are for general working capital and the advancement of the Pitarrilla Project.

The Offering is expected to close on or about November 27, 2024 and is subject to Endeavour receiving all necessary regulatory approvals and the approval of the Toronto Stock Exchange and the New York Stock Exchange.

The Common Shares will be offered in all provinces of Canada (except Quebec) pursuant to a short form base shelf prospectus (the “Base Shelf Prospectus”) as accompanied by a prospectus supplement (the “Prospectus Supplement”) and will be offered in the United States pursuant to a prospectus supplement to a base shelf prospectus forming part of the Company’s registration statement on Form F-10 (together with any amendments thereto, the “Registration Statement”) registering the Common Shares under the United States Securities Act of 1933, as amended, pursuant to the Multi-Jurisdictional Disclosure System adopted by the United States and Canada. The final prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada, except Quebec, and the United States, within two business days. The Common Shares may also be offered on a private placement basis in certain jurisdictions outside of Canada and the United States pursuant to applicable prospectus exemptions. However, there will not be any sale of Common Shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such province, state or jurisdiction.

A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in all provinces of Canada (except Quebec). Copies of the final base shelf prospectus and any applicable shelf prospectus supplement may be obtained from BMO Capital Markets for which contact details are provided below. This document does not provide full disclosure of all material facts relating to the Common Shares. Investors should read the final base shelf prospectus, the accompanying prospectus supplement and any amendments thereto for disclosure of those facts, especially risk factors relating to the Common Shares, before making an investment decision. Investing in the Common Shares involves risk. See “Risk Factors” in the final base shelf prospectus and in the prospectus supplement. Endeavour has filed the Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the Offering to which this communication relates. Before you invest, you should read the prospectus supplement relating to the Offering, the Registration Statement and other documents Endeavour has filed with the SEC for more complete information about Endeavour and the Offering.

Copies of the applicable offering documents, when available, can be obtained free of charge under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible through SEDAR+. An electronic or paper copy of these documents, when available, may be obtained, without charge, in Canada from BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre c/o The Data Group of Companies, 9195 Torbram Road, Brampton, ON, L6S 6H2, by telephone at 905-791-3151 Ext 4312, or by email at [e-mail] and in the United States from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by email at [e-mail] by providing BMO Nesbitt Burns Inc. or BMO Capital Markets Corp. with an email address or mailing address, as applicable. No securities regulatory authority has either approved or disapproved of the contents of this news release.

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.

[stu31] 13/8/2024 00:34

Endeavour Silver Reports Guanacevi Primary Ball Mill Trunnion Failure
12/08/2024 11:50am

Endeavour Silver Corp. (“Endeavour221; or the “Company”;) (NYSE: EXK; TSX: EDR) reports the trunnion on the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace. As a result, processing of material at the Guanacevi mill has been suspended. Management is assessing several alternatives including operating at a significantly reduced capacity with minor conveyor modification using smaller regrind mills until the primary ball mill is operational.
This downtime will impact Q3 production and is expected to impact annual production and cost guidance. Management is conducting an evaluation and analysis this week and will provide an update as soon as its assessment is complete.

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 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.

[stu31] 18/5/2024 18:16

Hope it’s that simple but doubt it will be

[walter walcarpets] 17/5/2024 20:23

Clear breakout, silver up 6%, EDR 10%. Can see $38 in fairly short order.

[stu31] 31/3/2024 23:07

217.2+15.8m shares in issue (3/24). 221.9m FD. Market Cap C$695m (£409m) at 320c
Van Eck (GDXJ)
Cash US$55+73m (10/24) Debt 120m+ P US$4.60 (11/24)

website:

Endeavour investors are exposed to a responsibly managed portfolio of precious metal mines and exploration projects in Mexico, Chile and the USA. Our current two producing mines (Mexico) deliver cash flow as we strive to advance future operations, including a permitted development project that is under construction (Terronera) and an extensive growth pipeline of exploration projects.
No base metals, no hedging & strong beta to silver price
New Terronera project will add 6 million silver equivalent ounces of annual production in several years
Terronera is scheduled for initial production in Q4 2024
Terronera Reserves : 7.4 million tonnes at 377 g/t AgEq containing 89.4 million AgEq oz
Average annual production of 4.0 million oz Ag and 38,000 oz Au over a 10-year mine life (7.0 million oz AgEq)
($0.20) per oz cash costs, $2.15 per oz MAISC

Pitarrilla Project, Durango. Acquired from SSR Mining in July 2022
SSR invested $140 million to advance the project since 2002
Endeavour will spend $3.1 million in 2023 for drilling, development and fortification costs to advance a 1km long tunnel that will be used as a drill platform

Parral Project, Chihuahua. Acquired Parral from SSR Mining in 2016
Objective: Define mineral resource of 60 million oz Ag Eq followed by a PEA to model production

2022 production: 9.0 million silver equivalent ounces
2023 Production : 8.7 million oz AgEq. Ag 5,669,760 oz. Au 37,186 oz

2024 outlook: Ag 5.3 – 5.8 Moz. Au 34 – 38 koz. Ag eq 8.1 – 8.8 Moz.
All in Sustaining Costs, Net of Gold Credits $22 - $23/oz.
updated 2024 production guidance of 7.3 million to 7.6 million AgEq ounces

[ali47fish] 01/11/2023 13:19

what is this update for noe that takeover is over

[greypanther2] 29/9/2023 11:11

It was in my broker's nominee account this morning.

[kibes] 29/9/2023 09:58

Anyone got the money yet?

[currypasty] 13/9/2023 07:43

revised timing..



Amended Scheme Timetable

The expected amended timetable is set out below:


Scheme Record Time 6.00pm on 14 September
2023
Last day of dealings in, and for registration 14 September 2023
of transfers of, Egdon Shares
-----------------------
Effective Date of the Scheme 15 September 2023
-----------------------
Suspension of Dealings 7:30am on 15 September
2023
-----------------------
Last Date for Payment of Consideration 29 September 2023
to Scheme Shareholders

[gerhart] 07/8/2023 09:13

The company will still exist - but will just be private and profitable(!) but no longer stock market listed, with lots of lovely shareholders like us, because not enough voted against the offer.

The process is not yet fully complete, hence we are still a stock market listed company and they still have to issue RNS updates.

But soon we will be no more....

[kibes] 07/8/2023 07:56

Why are Egdon farming in to a licence? I thought they were trying to sell the company to Petrichor.

[gerhart] 07/8/2023 07:16

Don't know if anyone else still takes an interest, but more confirmation today that Peeps were mad to accept 4.5p for their shares.

Funny too, how we have two pieces of positive news soon after offer passes.

Can't say we were fleeced, as we all had a choice....