Endeavour Silver shares rose despite a 38% Q4 revenue drop to $50.5M, beating analysts' expectations.

Endeavour Silver shares rose despite a 38% drop in Q4 revenue to $50.5M, beating analysts' expectations. Silver oz sold fell by 53% Y/Y, and gold oz decreased by 20% Y/Y. Adjusted EBITDA dropped to $9.57M from $23.4M a year ago. The company's cash position stood at $35.3M, and working capital was $42.5M by December 31, 2023. Endeavour Silver faced cost challenges, but raised productivity levels at Guanacevi, leading to a positive impact on Q4 costs.

March 11, 2024
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