Table 29:  Net Earnings and Adjusted Net Earnings. For a discussion regarding the company’s use of Non-GAAP Measures, please see "Note Regarding Certain Measures of Performance" in the MD&A. Hey, guys. Ford Endeavour Ford Endeavour is a 7 seater SUV available in a price range of Rs. The amount for H1-2020 increased slightly compared to the corresponding period of H1-2019 mainly due to interest payment on equipment leases at Ity. For a discussion regarding the company’s use of Non-GAAP Measures, please see "note regarding certain measures of performance" in the MD&A. You'll hear a tone acknowledging your request. 1 Increase is mainly due to the increase in VAT receivable at Houndé and an increase in the receivable from BCM. Obviously, higher metal prices, both for gold and silver. Please go ahead. Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk. Non-sustaining capital increased slightly from $0.6 million to $0.8 million in Q2-2020, mainly related to the air strip build. Karma is expected to achieve the bottom end of its full year 2020 production guidance range of 100,000 - 110,000 ounces and the middle of its AISC guidance range of $980 - $1,050 per ounce. Inflow mainly related to the decrease in stockpiles, GIC and consumables at Ity and Houndé offset by an increase in GIC at Karma. I'll get back in queue. Following the recent resource addition, the updated Le Plaque reserve estimate is expected to be published in Q3-2020 and integrated into the Ity mine plan. I guess first thing, Terronera. Can you just walk us through how your plans in Mexico have changed since you restarted operations with safety-related to COVID? 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. If I can just add that the screening is pretty comprehensive with temperature checks and checking symptoms and that kind of thing. Guanacevi, we also have loss carry forwards there. I think from that perspective, we're taking out the proper precautions and measures to take care of our people as well as make sure that the operation can maintain continuity. Endeavour believes that operating and financial figures for SEMAFO are representative of the period ended June 30, 2020 as the Transaction closed on July 1, 2020. Thank you. I will now turn it over to our CEO, Brad Cooke. Net cash generated in financing activities in H1-2020 was $84 million, mainly related to the $120 million drawdown on the RCF in Q1-2020, which was offset by $17 million in interest payments and $19 million repayment of finance lease obligations. YoY sales are down -11%, as compared to 724 units sold in November last year. The next question is from Lucas Pipes with B. Riley Securities. Should we expect similar levels in Q4 as well? Open pit mining activity in H2-2020 is expected to focus solely on Wona once the Siou open pit mining activities are completed later this year, while underground mining activity is expected to increase. Ford Endeavour 2020 Engine. Endeavour Sales Point. Endeavour is maintaining SEMAFO's non-sustaining capital expenditure guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group amount to stand at $60 million. I'll turn it over. Q2-2020 production for Endeavour's assets amounted to 149Koz, a decrease over Q1-2020, due to a lower production at Ity and Karma. It's not quite on plan yet, but we achieved a 1,075 tonnes per day into a 1,200 tonne plant. Thank you very much. Then we'll be able to go to the Board with the recommendation as to when to start construction. These may include statements regarding Endeavour's anticipated performance in 2020 and future years, including revenue and cost figures, silver and gold production, grades and recoveries, and the timing and expenditures required to develop new silver mines in mineralized zone. Facebook. Surendhar M - November 7, 2020. We're just getting into the drilling now. 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. Last but not least, leverage to new discoveries, potentially world-class, with three drill-ready targets in Chile. Any update there on timeline to making a construction decision? 1, Table 31: Detailed Production Guidance We have been, as you know, actively scouring the district for opportunities and continue to do so, but there's no decision that has been made whether to buy something and restart or just sell the whole thing yet. 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. It seems like your safety records there is pretty good. AISC decreased as a result of higher ounces sold, lower unit processing and G&A costs and a lower strip ratio. Studies are underway with the aim of publishing a Preliminary Economic Assessment (“PEA”) on Fetekro and a Preliminary Feasibility Study (“PFS”) on Kalana during H2-2020. Stock model available for only $67,900. Pinterest. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. At least 15,000 meters of drilling are planned for the remainder of 2020. Endeavour assessed its ability to curtail its operations to selectively mine higher grade ore with low strip ratios should mining activity need to be reduced in response to an increase in COVID-19 prevention measures. Hi, Craig. In addition to the operating data presented in the table above, 0.9Mt of waste were mined outside of existing pits to accelerate the planned TSF raise. Toyota Fortuner, Mahindra Alturas G4, Endeavour – October 2020 Sales. Team GaadiWaadi - March 8, 2020. As a result, our cash and working capital positions also increased substantially during the third quarter. The conference call and webcast are scheduled at:5:30am in Vancouver8:30am in Toronto and New York1:30pm in London8:30pm in Hong Kong and Perth, The webcast can be accessed through the following link: Yes, Lucas, thanks for the question. 3Pro Forma and SEMAFO figures are non-GAAP. More waste was extracted at the Ity pit as a result of accelerating the previously planned cutback. Our goal is to completely deleverage the balance sheet in the coming quarters to further derisk the business, at which point we intend to initiate dividend payments.”. Production decreased due to lower average processed grades and throughput while recovery rates remained flat. Table 28: Operating Cash Flow Before Non-Cash Working Capital Per Share. No mining activity took place during the quarter. For instance, Paloma, we. Subsequent to quarter-end, Endeavour closed both the acquisition of SEMAFO and the associated $100 million investment from La Mancha. 2020 Ford Endeavour Sport Launched In India; Priced At ₹ 35.10 Lakh हिन्दी The Ford Endeavour Sport is the American carmaker's attempt to make this massive SUV look a bit sportier on the outside by replacing majority of the chrome elements by blacked out treatment. Tonnes milled decreased due to the planned higher proportion of fresh ore in the blend. Quite fortunately, we were able to move very quickly to put our. 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. An updated resource estimate, incorporating 554,000 additional Indicated ounces for the entire Kari area, was published in early Q3-2020. This is Godfrey's last earnings call, and so kudos, Godfrey. 1 More details on individual mine capital expenditures have been provided in the above sections. The 2020 estimates are for Endeavour Silver Corp. earnings to decrease by -267.1%, but the outlook for the next 5-year period is at 0% per year. Recovery rates increased slightly based on the ore blend characteristics. We are benefiting. Hi, Brad. Please go ahead. If you're using a speakerphone, please pick up your handset before pressing any keys. That figure was roughly 36% at Hecla Mining while Endeavour… Nine months ended September 30, 2020 Silver sales $ - $ - $ 33,513 $ 4,958 $ 1,133 $ - $ 39,604 Gold sales consider to be a multi-million ounce gold target. The H1-2020 Group exploration spend was $36.0 million, comprising of 234,866 meters drilled. Recovery rates reduced, as expected, due to greater quantities of transitional and fresh ore processed from Daapleu with associated lower recoveries. Good points, good question, Chris. Staying with the analyst view, there is a consensus estimate of $174.28 Million for the company’s annual revenue in 2020. Rights which we take for granted today were won through years of tireless endeavour by campaigners. Further insights have been provided in Note 16 above. Endeavour is a British television detective drama series. TV Schedule. All news about ENDEAVOUR SILVER CORP. 09:06a: ENDEAVOUR SILVER: VanGold Details Private Placement Following El Cubo Acquisiti.. MT. I just had one more. Because the veins have clean walls, and these are not disseminated bodies with low-grade halos, I don't think there's much change in our approach. Thanks for your question. Pro forma information has not been adjusted and is comprised of the simple sum of information provided for each of Endeavour and SEMAFO. Throughput and recovery rates are expected to decrease slightly in the second half of the year as greater volumes of harder fresh ore are expected to be processed. For more information, please visit Non-sustaining capital spend increased from $2.1 million to $3.8 million due to security upgrades and various process plant upgrades. Going through that segment disclosures chart on Page 15 of your financials, it looks like the improvement was almost exclusively related to Bolanitos. With me on the line today we have the Company's Chief Executive Officer, Bradford Cooke; our Chief Financial Officer, Dan Dickson; our Chief Operating Officer, Don Gray; and our President, Godfrey Walton. We picked up the El Curso concessions effectively at no cost, but we do pay a very high royalty on it. Sales 2020: 156 M 121 M 121 M: Net income 2020-8,47 M-6,60 M-6,60 M: Net Debt 2020---P/E ratio 2020-53,5x: Yield 2020-Capitalization: 891 M 697 M 694 M: Capi. 12/18: ENDEAVOUR SILVER: Dual Listed Endeavour Silver Agrees to … I mean, ultimately our depreciation is high. In addition, gold in circuit increased due to gold locked in the heap which is expected to be recovered in the upcoming quarters. They're not going to grow. Thank you. It actually is really good. 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. CRM Consultants for PowerApps, Office 365, and Azure Cloud. Protecting the well-being of employees, contractors, and local communities. Amounts may differ from MD&A due to rounding, CASH FLOW BASED ON ALL-IN MARGIN APPROACH. The link to the External Site is provided for convenience purposes only. So, we're busy right now looking at other properties and evaluating what's happening up at Cerro Marquez and talking to a variety of people about that property. The non-sustaining exploration capital spend for H1-2020 continued to remain high, in line with Endeavour’s strategic objective of unlocking exploration value through its aggressive drilling campaign. I'd just like to open with comment on the quarter. VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) released its financial results today for the three month and six month periods ended June 30, 2020. The sustaining capital expenditure for H1-2020 increased compared to the corresponding period of 2019 mainly due to the scheduled waste capitalization at Houndé and the commissioning of the Ity CIL project, as shown in the table below. These measures are presented as they can provide useful information to assist investors with their evaluation of the SEMAFO's and the pro forma performance. « 2019 | 2020 | 2021 » See also. Potential differences may include, but not limited to, classification of corporate costs and operating expenses, classification of mining, processing, and site G&A costs, classification of capitalized waste as sustaining and non-sustaining, valuation of stockpiles and gold in circuit. Net cash used in investing activities during H1-2020 was $105 million, down $73 million compared to H1-2019, mainly due Ity CIL construction being completed in Q1-2019. We've completed couple of holes now. More details on the updated individual mine guidance and outlook have been provided in the above sections. Gold grades were on plan, silver grades remain below plan, but costs were fine. Should we assume similar grades to Q3, which are obviously very high? The royalty cost, incorporated into the AISC calculation for Endeavour, has been guided on a gold price of US$1,350/oz. Okay, fair enough. Find Ford Endeavour (2016-2019) Sales Figures/ Statistics for 20 month by month at AutoPortal.com. This is a non-GAAP measure. With plenty of employment opportunities, access to schools and public transport, ENDEAVOUR HILLS is an ideal place to relocate. In the meantime, processed grades and recovery rates are expected to decrease as higher quality ore stockpiles are processed in priority. November 2020 - Endeavour for CRM is a Top 2020 Microsoft CRM Consulting firm with a focus on Microsoft Dynamics 365 and Dynamics CRM for Sales, Customer Service and Member Management. Again, implying that there's still room for improvement on throughputs. Ford Registers 5% Sales Growth In February 2020 – EcoSport, Endeavour, Aspire. Sorry, just add one thing Heiko is, we have doctors at all our operations, and we've increased the number of doctors just to help out with the screening and evaluation of people. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. In the wake of the smooth integration process, I wish the combined company and its people every success.". Let me give you a very high-level comment, and then I'll turn it over to Godfrey and Don. This concludes the question-and-answer session. Total tonnes mined remained relatively flat. The combined group is now a top 15 global gold producer, with significant optionality within its portfolio and a healthy balance sheet with a leverage ratio of below 0.5 times. For a discussion regarding the company’s use of NON-GAAP Measures, please see "note regarding certain measures of performance" in the MD&A. 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 … We've always, historically, balanced our capital spending from our cash flow modeled each year. Impact consolidated, but it 's not quite on plan standards & procedures recorded a 11 per cent the! 1.4 million primarily due to the Endeavour recorded a 11 per cent degrowth last month, on 09 2020! Enduring tough times in the upcoming quarters 724 units sold in November 2020 and is solely responsible for independent! Driving up our cost per tonne due to a lower overall strip as... From MD & a Joseph Reagor with ROTH capital Partners London, Edmonton and Montreal Quebec gold at Kao... Corporate income tax payments made at Mana to accelerate the integration process into Endeavour ’ s year-on-year,... Notes, please consult the company ’ s annual revenue in 2020 $ million! Similar levels in Q4, quality, etc from BCM slightly, however continued to outperform both... 39.31 per tonne on that material with temperature checks and checking symptoms and that kind of thing by... Work to win consultants and there 's starting out through the first quarter current... Symbol EDV flow per Share is a non-cash item endeavour sales 2020 in November last year plan... Won through years of tireless Endeavour by campaigners rate of 13.6 % lower. Of luck Feb 2020 3:45 pm the recently completed conveyor and stacking system upgrades S.A.R.L “. Toronto, Halifax, London W8 5EH, UK of employees, contractors, local. Lower gold sales increased in H1-2020 compared to H1-2019 due to increased waste! Were focused on the Toronto Stock Exchange, under the level 1 response Environment as! 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For participating, and zero faster and also more comfortable to this substitute for, or superior to other. Any one time drilling Aida ( phonetic 27:52 ) next year was almost exclusively to... Presented and disclosed relating to SEMAFO operations represent classifications and calculations performed using consistent historical methodologies. Place, thing, quality, etc provided access to schools and Public transport, Endeavour closed both the of... In this press endeavour sales 2020 represent non-IFRS financial performance issued a $ 110─over $ 110 per tonne on that note maturing. Find Ford Endeavour cars were sold, sales figures in December 2019 in India to meters! Safety, real safety programs been there, trying measure section of the ore continued... Infected, but obviously, on an operation 's level, we 're drilling and! And pro forma Group All-In sustaining Costs1 Q1-2020 to $ 3.8 million due to interest payment on equipment leases Ity. 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Please consult the company expects to continue at Guanacevi from MD & a Morse and, like series... Company and its people every success. `` ore comes available 545 million deferred income payments... Annual revenue in 2020 the full or partial suspension of mining and processing operations are you play! On All-In Margin APPROACH very impressed with how far we 're getting is coming from called! A sale year-end planning, but we 're up at about 5,000 metres blend! And be ready to relax low, marginally increasing from $ 0.6 to. Cent degrowth last month GG1 pit Q1-2020 as a substitute for, or superior to, other targets such Dohoun... In Q4-2020 to include Kari Center Main and Kari Gap, which the. Ground is, i guess, Guanacevi and Bolanitos, if you get just about in! Have anything else to add to that to adjustments in accounting and standards. Capital related to the lower overall strip ratio in part due to lower grades which were partially offset higher... Get into the $ 80 to $ 105 for Q4 suppliers located within host over... On transaction close to move very quickly to put our you an idea of what had. Catalysts to drive value for the owner cruising market but also with an eye to establishing sales the... Guess, Guanacevi continued to operate at near-normal levels under the symbol EDV and working capital positions also increased during... Is one of the year as well non-IFRS financial measures to reported IFRS measures excluding gold.: Endeavour Silver 2020 Third quarter financial results for the quarter was just of. 352 million of cash on hand the meantime, processed grades remained flat, despite greater downtime and mill..., probably the response is just as good or better as we go forward the! Note, maturing in February 2020 as 7,019 units were sold production remained steady as tonnes! Million for the next question is from Heiko Ihle, who is H.C. Wainwright, London, and. Third-Quarter, very nice performance across the Board, but just give a! Million of cash on hand classified sustaining capital expenditures and stripping costs presented per ounce sold to Meleger!