Endeavour Silver sees 2023 production 8.6-9.5 million oz. silver equivalent

Endeavour Silver reported consolidated production and cost guidance and capital and exploration budgets for 2023. In 2023, expected silver production is 5.7-6.3 million ounces and gold production is expected to be 36,000-40,000 oz. Silver equivalent production is forecasted to total 8.6-9.5 million oz at an 80:1 silver:gold ratio. Consolidated cash costs and all-in sustaining costs in 2023 are estimated to be $10.00-$11.00 per oz silver and $19.00-20.00 per oz silver, respectively, net of gold by-product credits. Consolidated cash costs on a per ounce basis are expected to be similar to 2022 and AISC slightly lower. "Our 2023 guidance marks our fourth consecutive year of production growth and a 25% increase from the mid-point of last year’s original forecast. Our ongoing operational success is a product of culture and values promoted throughout the Company for safe and sustainable operations, together with improved mineral quality at Guanacevi," stated CEO Dan Dickson. "The combination of higher consolidated throughput and produced ounces allows for similar projected unit costs, amidst an inflationary-challenged landscape. While we continue to see cost pressures in explosives, energy prices and steel, we have also identified efficiencies to mitigate costs."