Silver Producer Focused on Growth - Mexico

Three producing silver mines/mills in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo in Guanajuato. Production forcast for 2013: 8M Oz Eq @ 8-9$/Oz

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Message: Endeavour Silver Releases 2017 Annual Review and Sustainability Report

 

 
2018-05-02 06:22:44 PM ET (GlobeNewswire)
   
   

Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces the release of its 2017 Annual Review and Sustainability Report entitled "We are all Connected". This marks the sixth consecutive year the company has reported on its sustainability initiatives, including the last five under the GRI G4 guidelines for sustainability reporting.

2017 Sustainability Highlights

Safety and Health

-- 20% reduction in our reportable injury frequency rate (employees/ contractors)

-- Launched leadership program to enhance safety skills of site leaders and supervisors

-- 300+ people trained in emergency response and mine rescue

-- Sent a mine rescue team to assist after Mexican earthquake and donated $100,000 to relief efforts

Our People

Community

Environment

Economic

-- 148% growth in net earnings y-o-y to $9.7 million, notwithstanding lower revenue, cash flow and EBITDA, and higher cash and all-in sustaining costs

-- 99% of our workforce is Mexican, spent $41 million in employee wages and benefits.

-- Spent 66.2 million on goods and services, 99% of total procurement is from within Mexico.

-- Paid $16.5 million in taxes

Endeavour CEO Bradford Cooke commented: "Ever since Endeavour purchased its first mine in 2004, we have tried to do things the right way. Our corporate social integrity has not only been a key to the success of our business, it has created real value for all our stakeholders. Refining what we do and how we do it is both our goal and our process to improve our sustainability."

"The mining industry is somewhat unique in that mines are typically located in rural or remote areas. Of all industries, ours has the most direct impact at the community level. We all do tremendous work to enhance the quality of life in our local communities, and sustainability reporting is our opportunity to speak about what we do and how we do it."

"The theme of our 2017 Annual Review and Sustainability Report 'We are all Connected' is intended to show that sustainability relies on the connectedness between people, communities and the environment. We connect the global and growing need for silver and our vision to build a premier silver mining company with our highly skilled and motivated management and employees to create long-term social and economic benefits for all of our stakeholders."

Endeavour's 2017 Annual Review and Sustainability Report can be viewed on our website, and a printed copy of the summary brochure can be requested by emailing us at the contact details provided below.

About Endeavour Silver - Endeavour Silver Corp. is a mid-tier precious metals mining company that operates three high-grade, underground, silver-gold mines in Mexico. The Company is forecasting 20% production growth to 10.2-11.2 million oz silver equivalent in 2018. Endeavour is currently developing its fourth high-grade, underground, silverâ?'gold mine in Mexico and has a compelling pipeline of exploration and development projects to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information - For more information, please contact:

Galina Meleger, Director, Investor Relations

Toll free: (877) 685-9775

Tel: (604) 640-4804

Fax: (604) 685-9744

Email: gmeleger@edrsilver.com

Website: www.edrsilver.com

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