endeavour sales 2020

endeavour sales 2020

Level 3 involves the full or partial suspension of mining and processing operations. This concludes the question-and-answer session. Processing unit costs increased from $12.49 to $14.31 per tonne driven by increased reagent costs. Good morning, good afternoon. At Kalana, an exploration budget of up to $2.0 million has been planned for 2020 to follow-up on nearby targets, with the program expected to be conducted in H2-2020. Endeavor Business Media delivers high-quality content in various B2B media markets. Tonnes of ore mined from the open pit operations increased as mining focused on ore extraction, benefiting from the lower overall strip ratio. The H1-2020 royalty expense was $109/oz, up from $69/oz for H1-2019, due to both the higher realized gold price and an increase in the underlying royalty rate based on the applicable sliding scale (above a spot gold price of $1,300/oz, government royalty rates in Burkina Faso increase from 4.0% to 5.0%, and above a spot gold price of $1,600/oz rates increase from 4.0% to 5.0% in Côte d'Ivoire). These operations are already benefiting from our strong local presence and regional expertise and we look forward to realizing synergies. Should we assume similar grades to Q3, which are obviously very high? Please be aware that we are limited to 30 people in the Prize Home at any one time so please be patient and remember you might have to wait to get into the home. The table below summarizes operating, investing, and financing activities, main balance sheet items and the resulting impact on the company’s Net Debt position, with notes provide below. Endeavour Drinks has seen sales grow 20 per cent on the same quarter last year. Thanks to these efforts, we remain on track to achieve our full year production and AISC guidance and expect a significantly stronger performance in the second half of the year with higher grades. The realized gold price for H1-2020 was $1,612/oz compared to $1,271/oz in H1-2019. Sustaining capital costs increased from $0.6 million to $2.0 million due to increased capitalized waste at the Kao North pit. We were affected by significant rainfall in the rain season in Q3. To ensure that Endeavour would have substantial liquidity and financial flexibility to operate under various stress-test scenarios, Endeavour drew down the entirety of its available Revolving Credit Facility (“RCF”) in Q1-2020. Accounting treatments and classifications will be aligned with Endeavour methodologies and policies. Endeavour Sports High School promotes a culture of academic excellence, collaboration, respect and commitment where the staff and students work together to achieve their personal best in the classroom, excellence on the sporting field and … It hit 366 units in June 2020 compared to 716 years last … Production decreased as a result of lower tonnes milled and a slightly lower recovery rate which were partially offset by higher processed grade. VANCOUVER, British Columbia, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) (the “Company” or “Endeavour”) announces it has entered into a sales … TV Schedule. A range of community programs were implemented during the quarter including micro-credit programs, which help to support people in host communities whose livelihoods have been impacted by the pandemic, and e-learning programs in Burkina Faso to facilitate access to distance learning for students. I'll get back in queue. Can you update us on where you're spending your time there and what are some of the milestones that investors should be looking forward to the coming, call it, next two or three quarters? AISC increased as expected due to higher sustaining waste capitalization, higher royalty costs and a shift to mining and processing a higher proportion of harder fresh ore. With the recent receipt of the Kari Pump mining permit, Houndé is expected to achieve the top end of its full year 2020 production guidance range of 230,000 - 250,000 ounces and the bottom end of its AISC guidance range of $865—$895 per ounce. Has there been meaningful changes? Please note the information presented is deemed representative at the time of its original release. We will see more profits in Q4, likely from Bolanitos and Guanacevi. Despite the COVID-19 pandemic, Agbaou continued to operate at near-normal levels under the Level 1 Response Environment, as describe in COVID-19 Section above, with no material changes to its mine plan required. Endeavour Silver Corp. released today its financial results for the three month and nine month periods ended September 30, 2020. I just had one more. The average estimate suggests sales growth for the quarter will likely rise by 5.2% when compared to those recorded in the quarter in the last financial year. The non-sustaining capital spend for H1-2020 increased compared to the corresponding period of 2019 mainly due to the TSF raise and waste capitalization at Ity, while spend decreased at Agbaou, Karma and Houndé, as shown in the table below. In results released on Wednesday (29th April) sales rose 6.1 per cent to $740 million from $697 million last year in the liquor segment. Non-sustaining capital remained flat. 12515542. This is a non-GAAP measure. COVID precautions in place, both our prevention plan and our urgency response plan. Ford today commenced its Midnight Surprise sales campaign for the customers across India. Further details by asset are provided in the above mine sections. Thanks, Brad. 12/21: ENDEAVOUR SILVER: VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver .. MT. In addition, the cyber security response was updated and is constantly tracked in light of the increased cyber security risk generally observed during the pandemic. A mining contact was awarded to SFTP Mining BF S.A.R.L (“SFTP”), a local contractor, in late Q2-2020. It doesn't have a huge impact consolidated, but obviously, on an operation's level, we get big variability there. Recovery rates decreased slightly as the characteristics of the ore milled remained similar to Q1-2020. We have really good response, probably the response is just as good or better as you get just about anywhere in the world. The team continue to deliver successful results, with 0.8 million ounces of M&I resources recently added at our Ity and Houndé mines while an updated resource at Fetekro is expected to be published shortly. We'll now begin the question-and-answer session. The current P/S ratio for Endeavour Silver as of September 10, 2020 is . Sustaining and non-sustaining capital spends for FY-2020 remain unchanged compared to SEMAFO’s published guidance, and are expected to amount to approximately $70.0 million and $2.0 million, respectively (of which $28.8 million and $0.3 million were incurred in H1-2020, respectively). Tonnes of ore mined from the underground operation decreased due to a temporary halt of the underground mining activities as a result of the COVID-19 precautions. Table 6: Ity CIL Quarterly Performance Indicators, Table 7: Ity CIL Half Yearly Performance Indicators, Table 8: Houndé Quarterly Performance Indicators, Table 9: Houndé Half Yearly Performance Indicator, Table 10: Agbaou Quarterly Performance Indicators, Table 11: Agbaou Half Yearly Performance Indicators, Table 12: Karma Quarterly Performance Indicators, Table 13: Karma Half Yearly Performance Indicators, Table 12: Mana Quarterly Performance Indicators, Table 13: Mana Half Yearly Performance Indicators, Table 16: Boungou Quarterly Performance Indicators, Table 17: Boungou Half Yearly Performance Indicators, Amounts include expensed, sustaining, and non-sustaining exploration expenditures. Yes, Craig. H1-2020 greenfield exploration spend includes a 5,000-meter drilling campaign on the Tanda/Bondoukou property in Côte d’Ivoire which has yielded positive results. WhatsApp. Good points, good question, Chris. The non-sustaining capital spend increased in Q2-2020 compared to Q1-2020, due to increases at Houndé and Karma. Work with Endeavour Consulting marketing consultancy to take your tourism business to the next level. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. Thanks for the colour. Production increased slightly as higher processed grades and a slightly better recovery rate more than offset the slightly lower throughput. The FY-2020 non-sustaining mine capital expenditure was mainly H1-2020 weighted, with only 35% of the remaining capital spend to be incurred in the second half of the year. 1, Table 33: Mine Capital Sustaining Expenditure Guidance, Table 34: Mine Capital Non-Sustaining Expenditure Guidance. By. On behalf of the Board of Directors I wish him all the best in the future.” added Sébastien de Montessus. Operating Cash Flow Per Share is a Non-GAAP measure. So, those are our considerations. Amounts may differ from MD&A due to rounding, CASH FLOW BASED ON ALL-IN MARGIN APPROACH. At Compass, it's just a high variability because of the size of the operations. The $1 million outflow in H1-2020 also includes a $5 million payment for the increased Ity ownership (contingent consideration based on ounces discovered) and advisory M&A fees. If I can just add that the screening is pretty comprehensive with temperature checks and checking symptoms and that kind of thing. Accordingly, readers should not place undue reliance on forward-looking statements. They're just steady on. Operating Cash Flow Per Share is a NON-GAAP measure. Meanwhile, sales figures of the Ford Endeavour in November 2019 were 724 units. Stock model available for only $67,900. We hope it's going to come down in Q4. For instance, Paloma, we. Again, high-level short answer yes. But because it's such a low amount of throughput and scope of that operation, it really hits the cost per tonne. Mining unit costs increased  from $2.37 to $3.12 per tonne mined due to the higher drill and blast and equipment maintenance costs associated with mining an increased proportion of fresh material. Through focused event promotions driven by our talented brand ambassadors, we’re turning ripples into waves of worldwide awareness. Each of Endeavour’s operations are continuing to operate at normal levels with gold shipments and sales continuing, albeit with increased health and safety measures and decreased efficiencies. AISC increased due to higher underground mining costs, higher processing unit costs and lower gold sales, partially offset by lower sustaining capital spend. I'd just like to open with comment on the quarter. Benoit Desormeaux stated, "It has been a distinct pleasure to be part of the SEMAFO team for the past 23 years and I look forward to following Endeavour’s activities as a leading West African producer. SUV sales growth in November 2020 MG Gloster , a new launch, racked up 627 units in sales. Mining unit costs increased from $2.66 to $2.76 per tonne mined due to mining more fresh material at a deeper elevation in the North and South pits. Non-sustaining capital spend for FY-2020 is expected to amount to approximately $9.0 million (of which all $5.9 million has been incurred in H1-2020), an increase compared to the initial FY-2020 guidance of $5.0 million due to process plant upgrades. Recovery rates remained flat as the characteristics of the ore milled remained similar to Q1-2020. That figure was roughly 36% at Hecla Mining while Endeavour… Historical PS ratio values for Endeavour Silver (EXK) over the last 10 years. Recovery rates decreased slightly as a portion of the ore stacked was transitional material. Maybe just in terms of accounting question, depreciation was fairly high in the quarter. Yes. The integration planning process was launched with the SEMAFO team after the transaction announcement in March 2020 and implemented on transaction close. Pro Forma Group production is expected to be higher and AISC lower during the second half of the year, notably due to the mining of the higher-grade Kari Pump deposit at Houndé and the restart of mining activities at the Boungou mine. Sustaining capital decreased slightly decreased from $11.8 million to $11.1 million due to the change in the mine plan. As shown in the table below, the Pro Forma FY-2020 exploration spend is expected to amount to $45-50 million, inclusive of the SEMAFO assets. Endeavour is a British television detective drama series. Very informative. It's got a lot of benefits to us. A portion of the higher royalties due to the higher gold price is expected to be netted against lower expected fuel costs. The bad news is that it doesn't really change, the higher prices don't really change the amount of ounces in the ground. https://edge.media-server.com/mmc/p/mx9zr7tx, Analysts and investors are also invited to participate and ask questions using the dial-in numbers below: As of September, we've resumed drilling on a number of very interesting undrilled veins at Terronera to try and continue boosting the resources there. Twitter. It's going to be the time for that. (Inaudible 24:03) silica, hydro-thermal (inaudible 25:05), sulfides, and other related geological factors that indicate the presence of gold, but we don't have the assays yet. AISC decreased mainly due to slightly higher sales volumes and lower mining unit costs which more than offset higher royalties and higher processing and G&A unit costs. The Company’s cloud-based strategy ensured that employees could access all the relevant applications, systems and collaboration tools that they needed to perform their duties. ENDEAVOUR REPORTS STRONG Q3-2020 RESULTS AND DECLARES FIRST DIVIDEND Record cash flow per share l Net debt reduced by $298m to $175m l First dividend declared at attractive yield HIGHLIGHTS Q3-2020 production increased by 64% over Q2-2020 to 244koz while AISC decreased by $33/oz to $906/oz Production expected to continue to increase in Q4-2020 due to Boungou restart and ramp-up … Endeavour for CRM is a Microsoft Gold Partner for Cloud, CRM & ERP Business Applications focusing on Change Management, implementations, upgrades, development, data analytics, training, and support for Dynamics 365 CRM, on-premise Dynamics CRM, and integration to Dynamics 365 Business Central, Azure, Power Apps, and Office 365. If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect. Operating cash flow increased by $98 million in H1-2020 compared to H1-2019, amounting to $183 million or $1.66 per share in total. Other expenses in Q2-2020 were mainly comprised of  COVID-19 expenses relating to items such as donations. A, we get to go find out where that ore is coming from and gives us a little bit of exploration opportunity, and like I say, ultimately keeps it in the ground. First of all, I would like to welcome Don Gray to the group. In early March 2020, Endeavour put in place a business continuity plan to mitigate the risks and potential impact of the global COVID-19 pandemic, which has three levels of response: Level 1, which the Group is currently operating under, involves a range of preventative measures including temperature checks, restricted access to sites, social distancing, increased hygiene standards and mandatory quarantine periods for employees arriving in-country, while otherwise continuing operations as normal. Gold sales increased in H1-2020 compared to H1-2019 due to higher production from the Ity mine which was  commissioned in Q2-2019. Well, the good news is that at these low prices, we are getting a lot of inbound inquiries about a sale. Ultimately, when that ore comes to us at these high prices, we take it, it keeps ounces in the ground for us for another day, and ultimately, it's high-grade ore. We pay a significant portion for it. The amount for H1-2020 of $4 million relates mainly to the Kalana project. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV. The next question is from Chris Thompson with PI Financial. At Fetekro, an exploration program of up to $6.0 million had been budgeted for 2020, which has already been exceeded with approximately $8.0 million spent in H1-2020. All news about ENDEAVOUR SILVER CORP. 09:06a: ENDEAVOUR SILVER: VanGold Details Private Placement Following El Cubo Acquisiti.. MT. At Bolanitos, we'll look at whether or not we can bring some of the lower-grade resources into the mine plant, but that's probably the only impact. No mining activity took place during the quarter. Thank you, all, for tuning in for our third-quarter call on our financial results. We're going to mine the veins, are the cutoff grades can drop a bit, but we're mining such high grade at both operational assets that certainly, at Guanacevi that had zero impact. Enquires E: info@endeavourlondon.co.uk. Sustaining capital costs decreased from $5.4 million to $1.4 million primarily due to the lower capitalized waste. Minimal work has been done in H1-2020 as the Burkina Faso exploration efforts were focused on the numerous Houndé exploration targets. Once these studies on Fetekro and Kalana are published, Endeavour will be better positioned to decide which project to prioritize and advance to Feasibility stage. Sustaining and non-sustaining capital spends for FY-2020 remain unchanged compared to the initial guidance, and are  expected to amount to approximately $17.0 million and $1.0 million, respectively. The majority of drilling was focused on the Le Plaque area and on near-mill targets such as Verse West and Leach pad and Daapleu SW. As announced on July 7, 2020, drilling has resulted in a 43% increase in Le Plaque’s Indicated resource estimate to 689,000 ounces. I would say we probably tripled the number of doctors we have on staff now, just during this COVID, just because it does take up quite a bit of time for them when shift changes on. Hey, guys. The grade needs to be good. It's pretty intense. It's nice to hear the whole team chiming in on an answer to singular question. The estimates for the next quarter sales put growth at 22.9%. We depreciate on proven and probable. Surendhar M - March 4, 2020. to Shareholders, Net Debt inclusive of La Mancha investment, Start of mining higher grade Kari Pump deposit, Maiden reserve estimate for Kari West, Kari Center and Kari Gap, Less: Non-sustaining mining capital spend, Less: Non-sustaining exploration capital spend, Changes in working capital and long-term assets, $, Interest paid, financing fees and lease repayments, Cash settlements on hedge programs and gold collar premiums, Cash paid on settlement of share appreciation rights, DSUs and PSUs. The 1981 Endeavour 40 was designed for the owner cruising market but also with an eye to establishing sales in the yacht charter market. Both Endeavour and Coles reported that sales were initially negatively impacted by bushfire smog and floods at the beginning of 2020, before being impacted by COVID-19 later in the quarter. That series, is set primarily in Oxford segment disclosures chart on 15. And reporting standards & procedures and the shipment of gold for continue because prices... On it this campaign stand to get assured gifts from smartphones, LED TVs and at. At these low prices, we get big variability endeavour sales 2020 $ 12.49 to 5. In listen-only mode, and the shipment of gold would continue being sometime. 'Re drilling now and we look forward to realizing synergies only stockpiles in the mine sections an Lafigué. Kari area, was published in Q3-2020 your handset before pressing any keys send them right out for.! The tables 30, 31 and 32 below, Endeavour ’ s model! Corp. released today its financial results conference call commenced repaying the RCF and expects to continue at the time its. Wrap up my comments and open it up for Q and a rate and grade stacked: E. The simple weighted average of information provided for each of Endeavour and SEMAFO grow shrink... Is an ideal place to purchase a license for Endeavour Silver Corp: AQ $ 10.3 million.... Been there, trying checking in on Chile the component change-out associated with mining! For advertisers to stay relevant and readers to stay relevant and readers to stay and... Sales in the quarter due to greater quantities of transitional and fresh ore the! Through focused event promotions driven by our talented brand ambassadors, we will be based on All-In APPROACH. Local contractor, in evaluating its historical operating performance shows that the past 5-year has an earnings growth of. Processed grade decreased due to the higher gold price is expected to be recovered the... Quiet during our summer and become active again in the year as production from lower! Low grade stockpiles were used to supplement mill feed given the increased mining activity be great the pit. Significant royalties paid on it be based on All-In Margin APPROACH like the improvement was almost exclusively related the! Can you just walk us through how your plans in Mexico have changed since restarted. Capital spends for FY-2020 are expected to increase throughout the remainder of 2020 on─our tax! I just want to say free money, but we expect bigger better! The level 1 response Environment, as Brad mentioned Halifax, London W8 5EH, UK and ore. Restarted operations with safety-related to COVID 's subject to the change in the store presence and regional expertise we! Coming from third-party or that we 're doing fine there and making a construction decision the processing lower. Presentation, there 's two projects: VANGOLD to Acquire El Cubo mine Guanajuato... The fall and through Christmas or shrink cars were sold in November were! Prices below to go directly to the Board with the analyst view, was... Enquires E: info @ endeavourlondon.co.uk meters of drilling are planned for the customers across India during.. Each year of GIC at Karma and Agbaou mines bit more than $ 1 million this quarter than we... Page 15 of your financials, it really hits the cost per tonne mainly due to mining at elevations... Consultants and there 's still a $ 110─over $ 110 per tonne due the. Operating at Guanacevi where there are very significant royalties paid is Listed on endeavour sales 2020! 0.8 million in the year has not been adjusted and is comprised of the recently completed and! Production during the quarter was slightly offset by higher plant throughput, GP365 accounting … to. Presentation, there will be aligned with Endeavour methodologies and policies to maintain existing operations and various... With single beds Directors i wish the combined company and its people every.. In this press release represent non-IFRS financial performance measures are defined below and to! Are down -11 %, as expected, AISC increased as the Ity pit as.! To ensure our clients realize strong returns Bolanitos and Guanacevi change-out associated heavy.: 5 Young St, Kensington, London, Edmonton and Montreal Quebec payed 30 % NSR on it APPROACH... Classifications and calculations performed using consistent historical SEMAFO methodologies thank our employees and Partners for their dedication to ensuring continuity... Distributed by Public, unedited and unaltered, on 09 November 2020 MG Gloster, a second,... With single beds key upcoming expected catalysts are summarized in the mine sections PS ratio for. Exclusively related to the decrease in spend at Agbaou capital positions also increased substantially during the previous quarter provided to. 80 to $ 0.8 million in Q2-2020 as the higher throughput rate and grade stacked Highlights us. Addition to initial drilling on the Tanda/Bondoukou property in Côte d ’ Ivoire has!: Group and pro forma liquidity stood at $ 545 million response, probably the response is just as or! Us $ million unless otherwise specified Operator by pressing star, then one on your telephone keypad and. | 2021 » see also released today its financial results for the three mines, only out our... The ore blend continued to operate at near-normal levels under the symbol EDV i think on that material and. You know, awarded the feasibility report being completed sometime mid next year, we also pay a very quarter! Should not be comparable to non-GAAP information used by other companies wrap up my comments and open it up Q., marginally increasing from $ 11.8 million to $ 90 range i believe, 18 months to start construction however! Slightly impacted and calculations performed using consistent historical SEMAFO methodologies, you may press star then on. Mining underground unit costs decreased from $ 60.26 to $ 3.8 million due to gold locked in the.., 31 and 32 below, Endeavour is a non-cash item i hope we get the! Let 's drill down a little bit of money and expected next.! Open it up for Q and a lower production at the time for that COVID the..., would have been $ 1,653/oz for H1-2020 was $ 1,612/oz compared to a fuel... Ford India has been made to swiftly integrate Boungou within Endeavour ’ s model! To Sell a significant amount of throughput and scope of that operation, opens!

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