Vancouver, Canada – October 11, 2023 - Endeavour Silver Corp. (“Endeavour” or the “Company”)
(NYSE: EXK; TSX: EDR) reports third quarter 2023 production of 1,148,735 silver ounces (oz) and 9,089
gold oz, for silver equivalent1 (“AgEq”) production of 1.9 million oz. Production continues to track in-line
with the 2023 production guidance of 8.6-9.5 million silver equivalent ounces, totaling 6.5 million AgEq oz
for the nine months ended September 30, 2023.
“Our production decreased this quarter compared to previous quarters due to lower throughput and ore
grades processed at Guanacevi. We mined lower grades due to mine sequencing changes related to
access and ventilation, whereas throughput was impacted due to an extended scheduled maintenance
program. The mine sequencing is now back to plan, which will result in access to improved ore grades
going forward. Additionally, the maintenance program has been executed successfully to minimize
operational risks in the mill” stated Dan Dickson, Chief Executive Officer. “We anticipate improved
operational performance and operational efficiency in the last quarter.”
Q3 2023 Highlights
• Guanacevi Performance: Production was below plan due to a reduction in silver and gold grades and
also impacted by lower processed tonnes due to a scheduled maintenance shutdown. Mine sequencing
changes that were initiated in Q2 have resulted in lower grades compared to plan and historical
comparisons. It is expected that the grades will increase in Q4 and stabilize going forward.
• Bolañitos’ Performance Remained Steady: Strong gold production, higher gold grades and
increased throughput were offset by the impact of lower silver production and silver grades.
• Metal Sales and Inventories: Sold 1,370,032 oz silver and 8,760 oz gold during the quarter. Held
416,033 oz silver and 1,253 oz gold of bullion inventory and 8,184 oz silver and 436 oz gold in
concentrate inventory at quarter end.
• Completed the sale of the Cozamin Royalty to Gold Royalty Corp: Total consideration of
US$7,500,000 was received by the Company in cash upon closing on the sale of the 1% Cozamin
royalty (see news release dated August 30, 2023).
• Published Mid-Term Update on our 2022-2024 Sustainability Strategy: This publication describes
the Company’s progress in executing the first half (18 months) of its three-year plan. Of the 39 targets
that were set in the 2022-2024 Sustainability Strategy, 21 have been completed or achieved, 13 are on
track or underway and 5 require more improvement.
1 Silver equivalent calculated using an 80:1 silver:gold ratio.

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