Rafał Milach

Endeavour Silver Provides 2023 Guidance; Production expected at 5.7 – 6.3 Million oz Silver and 36,000 – 40,000 oz Gold for 8.6 – 9.5 Million oz Silver Equivalent ¹

Retrieved on: 
Thursday, January 12, 2023

The El Curso concessions were leased from a third party with no upfront costs, but with significant royalty payments on production.

Key Points: 
  • The El Curso concessions were leased from a third party with no upfront costs, but with significant royalty payments on production.
  • Compared to 2022, mine grades are expected to remain elevated and recoveries are anticipated to be similar in 2023.
  • 2023 cash costs, net of gold by-product credits, are expected to be $10.00-$11.00 per oz of silver produced.
  • Consolidated cash costs on a co-product basis2 are anticipated to be $13.00-$14.00 per oz silver and $1,100-$1,200 per oz gold.