Endeavour Silver Corp. operates as a Canadian mineral company.
The company engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico, Chile and the U.S.A. The company conducts its business primarily in Mexico through subsidiary companies.
The company has two producing silver-gold mines in Mexico: The Guanaceví Mine in Durango acquired in 2004 (the Guanaceví Project) and the Bolañitos Mine in Guanajuato acquired in 2007 (the Bolañit...
Endeavour Silver Corp. operates as a Canadian mineral company.
The company engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico, Chile and the U.S.A. The company conducts its business primarily in Mexico through subsidiary companies.
The company has two producing silver-gold mines in Mexico: The Guanaceví Mine in Durango acquired in 2004 (the Guanaceví Project) and the Bolañitos Mine in Guanajuato acquired in 2007 (the Bolañitos Project). In addition to operating these two mines, the company is advancing one development project, as well as two exploration projects in Mexico: the Terronera property in Jalisco state, acquired in 2010, is in the development stage (the Terronera Project or Terronera Property), the prospective Pitarrilla property in Durango State acquired in 2022 and the Parral properties in Chihuahua acquired in 2016.
The company has several early stage exploration projects in Chile.
In 2021, the company acquired the Bruner Property, located in Nye County, Nevada, the U.S.A., which is an exploration project that includes mineral claims, mining rights, property assets, water rights, and government authorizations and permits.
Strategy
The company's business strategy has been to focus on acquiring advanced-stage silver mining properties in Mexico.
Mineral Projects
Guanaceví Mines Project, Durango State, Mexico
The Guanaceví Project is in the northwest portion of the Mexican state of Durango, approximately 3.6 km west of the town of Guanaceví and 260 km northwest of the capital city of Durango. The Project consists of 51 mineral concessions for a total property area of 4,171.5546 ha.
The company controls the Guanaceví Project through its 100% owned Mexican subsidiary, Endeavour Gold Corporation S.A. de C.V. (Endeavour Gold). Endeavour Gold holds the project through its two 100% owned subsidiaries, Minera Plata Adelante S.A. de C.V. (Minera Plata Adelante) and Refinadora Plata Guanaceví S.A. de C.V. (Refinadora Plata Guanaceví).
Bolañitos Mines Project, Guanajuato State, Mexico
The Bolañitos Project is in the state of Guanajuato, Mexico. The mine consists of three operating mines: the Bolañitos, Lucero, and Asuncion mines, which are located near the town of La Luz, about 12 km to the northeast of Guanajuato. The company also owns the inactive Cebada mine, located about 5 km north of the city of Guanajuato, and the inactive Golondrinas mine, which is 3.5 km to the southwest of Cebada.
Terronera Project, Jalisco State, Mexico
The Terronera Project is located 50 km northeast of Puerto Vallarta in Jalisco State, Mexico. Endeavour Silver holds the Terronera Project through its 100% owned Mexican subsidiary, Endeavour Gold Corporation S.A. de C.V. (Endeavour Gold). Endeavour Gold holds the Terronera Project through its 100% owned subsidiaries Terronera Precious Metals S.A. de C.V. (TPM) and Minera Plata Adelante S.A. de C.V. (MPA). The Terronera Project consists of 24 mineral concessions, totalling 17,369 ha all of which are valid and in good standing.
Non-Material Properties
The company continually evaluates additional silver and gold prospects in Mexico, Chile and the U.S.A., which includes acquiring and disposing of rights to greenfield and brownfield mineral concessions. Three exploration projects are being advanced - Parral (Mexico), Bruner (USA), and Aida (Chile).
Parral Properties, Chihuahua State, Mexico
The Parral properties are located in southern Chihuahua state, Mexico. The properties cover 3,432 hectares, across three large properties: Veta Colorada, La Pamilla, and San Patricio. These properties are accessible by paved highway, as well as a well-maintained gravel road, which is only five kilometers north of the city of Hidalgo Del Parral. The area has excellent infrastructure, including grid power, water, labor, services, and three nearby 500 tons per day plants.
Bruner Project, USA
The Bruner Gold Project is an exploration project located approximately 180 kilometers southeast of Reno, Nevada. Gold was originally discovered in the district in 1906, and the area saw intermittent historic mining between 1906 and 1998. The company completed the acquisition of the Bruner property in 2021.
Aida Project, Chile
The Aida project is located in northern Chile, Region II, along the Argentina border, 180 kilometers southeast of Calama and 60 kilometers southwest of SSR's Pirquitas mine in northern Argentina. The project is accessible by paved highway, as well as dirt road. The town of San Pedro de Atacama is about 110 kilometers west of Aida and has modern infrastructure, including a natural gas pipeline that follows the highway, within 22 kilometers of the property. The project concessions cover a total of 7,900 hectares, consisting of three 100% optioned mineral concessions that encompass a small historic mine, which is surrounded by 30 new mineral concessions staked by the company.
History
The company was incorporated under the laws of the province of British Columbia in 1981 under the name Levelland Energy & Resources Ltd. and changed its name to Endeavour Gold Corp. in 2002. Further, the company changed its name to Endeavour Silver Corp. in 2004.