<SEC-DOCUMENT>0001171843-20-006957.txt : 20201008
<SEC-HEADER>0001171843-20-006957.hdr.sgml : 20201008
<ACCEPTANCE-DATETIME>20201008065108
ACCESSION NUMBER:		0001171843-20-006957
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201008
FILED AS OF DATE:		20201008
DATE AS OF CHANGE:		20201008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENDEAVOUR SILVER CORP
		CENTRAL INDEX KEY:			0001277866
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33153
		FILM NUMBER:		201230081

	BUSINESS ADDRESS:	
		STREET 1:		#1130-609 GRANVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V7Y 1G5
		BUSINESS PHONE:		604-685-9775

	MAIL ADDRESS:	
		STREET 1:		PO BOX 10328
		STREET 2:		#1130-609 GRANVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V7Y 1G5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ENDEAVOUR GOLD CORP
		DATE OF NAME CHANGE:	20040128
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_100820.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of October 2020</strong></p><p style="text-align: center;">Commission File Number: <strong>001-33153</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Endeavour Silver Corp.</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><strong>#1130-609 Granville Street<br />Vancouver, British Columbia, Canada V7Y 1G5</strong><br />(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;&#160; ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;X ]</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <u>&#160;</u></p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <u>&#160;</u></p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</p><p>Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ___ No <u>&#160;&#160;X&#160;&#160;</u></p><p>If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-</p><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%"><strong>&#160;&#160;&#160;&#160;Endeavour Silver Corp.&#160;&#160;&#160;&#160;</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: October 8, 2020</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%">&#160;&#160;&#160;&#160;/s/ BRADFORD COOKE&#160;&#160;&#160;&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Bradford Cooke</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">CEO </td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table><!-- On October 8, 2020, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. <br /><br />(c) Exhibit 99.1. Press release dated October 8, 2020 --><p><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><font style="font-size: 10pt;"><strong>EXHIBIT INDEX</strong></font></p><p style="text-align: center;"><font style="font-size: 10pt;">&#160;</font></p><table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Exhibit Number</strong></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Description</strong></font></td></tr><tr><td><font style="font-size: 10pt;"></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td><font style="font-size: 10pt;"><a href="exh_991.htm">99.1</a></font></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;"><a href="exh_991.htm">Press Release dated October 8, 2020</a> </font></td></tr></table></p></body></html>
</TEXT>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><font style="font-size: 14pt;"><strong>Endeavour Silver Produces 942,274 oz Silver and 10,260 oz Gold (1.8 Million oz Silver Eq.) in Third Quarter, 2020; Hosting Video Zoom Update on October 13, 2020</strong></font></p><p style="text-align: center;"><strong></strong></p><p>
 <p align="justify"><strong>VANCOUVER, British Columbia, Oct.  08, 2020  (GLOBE NEWSWIRE) -- Endeavour Silver Corp. </strong><strong>(TSX: EDR, NYSE: EXK)</strong> reports production of 942,274 silver ounces (oz) and 10,260 gold oz in Q3, 2020, for silver equivalent (&#8220;AgEq&#8221;) production of 1.8 million oz at an 80:1 silver:gold ratio, bringing the year to date production total to 4.4 million AgEq oz.<br ></p>  <p align="both">Endeavour operates three high grade, underground, silver-gold mines in Mexico; Guanacevi in Durango state, Bolanitos in Guanajuato state and El Compas in Zacatecas state. Production returned to plan in Q3, notwithstanding a heavy rain season, after a two month shut down in Q2 following a government mandated suspension of mining operations due to COVID-19.</p>  <p align="justify">Bradford Cooke, Endeavour CEO, commented, &#8220;After riding out a challenging Q2 with our mining operations&#160;suspended for more than half the quarter, due to the government COVID-19 mandate, our operations team were able to deliver a return to our production plan in Q3, 2020. I commend all of our employees for quickly and fully embracing our COVID-19 precautionary measures to prevent contagion at our mine sites.&#8221;</p>  <p align="justify">&#8220;This pandemic has temporarily changed our lives and required all of us to be persistent with our safety procedures to operate as safely and effectively as possible. We continue to keep our higher risk people safe at home during this period and yet our mines are running near capacity despite having fewer employees on site, a testament to the positive response by our operations management and employees.&#8221;</p>  <p align="both"><strong>2020 </strong><strong>Thir</strong><strong>d</strong><strong> Quarter Highlights </strong></p>  <ul type="disc"><li style="text-align:both;"><strong>Consolidated </strong><strong>S</strong><strong>ilver </strong><strong>E</strong><strong>quivalent </strong><strong>P</strong><strong>roduction </strong><strong>Continues to Improve Q-o-Q:</strong> Production was up 66% compared to Q2, 2020 due to the resumption of normal throughput. <br ><br ></li><li style="text-align:both;"><strong>Guanacevi</strong> <strong>Grades Continue</strong><strong> to </strong><strong>Outperform</strong><strong>: </strong>Silver and gold grades continued to deliver well above plan however throughput was affected by significant rainfall in August and September. Over 24,000 tonnes of ore was stockpiled at the plant during the quarter. Management anticipates reaching 1,200 tpd in Q4, while reviewing alternatives to better manage next year&#8217;s rainy season.<br ><br ></li><li style="text-align:both;"><strong>Bolanitos</strong> <strong>Performance</strong><strong> Continues to Improve</strong><strong>: </strong>Throughput approached 1,075 tpd while gold grades aligned with plan and silver grades remain lower than plan. Output from San Miguel is expected to increase in Q4, 2020 as mine development is completed and grades will rise. <br ><br ></li><li style="text-align:both;"><strong>El </strong><strong>Compas</strong><strong> Performance</strong><strong> Remains Steady</strong><strong>: </strong>Throughput at 260 tpd remains steady while gold grades were similar to plan, but silver grades remain lower than plan. Brownfield exploration re-started in the quarter and will continue through Q4, 2020. <br ><br ></li><li style="text-align:both;"><strong>Metal </strong><strong>Sales</strong><strong> and Inventories</strong><strong>: </strong>Sold 741,263 oz silver and 8,998 oz gold, held 412,913 oz silver and 1,963 oz gold of bullion inventory and 13,761 oz silver and 1,032 oz gold in concentrate inventory. The Company&#8217;s improved balance sheet provided management with the flexibility to withhold metal from sale during the price correction over last two weeks of September. Management expects to sell a significant portion of the metal inventory in anticipation of a precious metal prices rebound in Q4, 2020. <br ><br ></li><li style="text-align:both;"><strong>Robust Economics in the </strong><strong>Updated </strong><strong>2020 Pre-Feasibility Study on the </strong><strong>Terronera</strong><strong> Mine Project</strong><strong>:</strong> Represents the Company&#8217;s next core asset with a low CAPEX and low operating costs, short payback period and exceptional financial returns. See EDR news release dated July 14, 2020 or the accompanying webinar slides here. <br ><br ></li><li style="text-align:justify;"><strong>Strengthening Management </strong><strong>T</strong><strong>eam with </strong><strong>N</strong><strong>ewly </strong><strong>A</strong><strong>ppointed</strong><strong> C</strong><strong>hief Operating Officer</strong><strong>:</strong> Mr. Gray brings over 40 years experience in mine engineering and operations, including strategic planning, budget oversight, economic evaluations and corporate development. He has been responsible for designing, financing, constructing and operating large precious metal mines along with all related sustainability programs including health, safety, environmental, community, security and labour, and corporate responsibilities with stakeholders. <br ><br ></li><li style="text-align:justify;"><strong>Advancing</strong> <strong>Terronera</strong><strong>: </strong>Awarded Feasibility Study contract to Wood Plc, for completion in the summer of 2021. <br ><br ></li><li style="text-align:justify;"><strong>Filed </strong><strong>At-The-Market </strong><strong>Prospectus </strong><strong>Supplement </strong><strong>for</strong><strong> up to</strong><strong> $60 million: </strong>Proceeds to be used for funding growth initiatives including advancing Terronera, Parral and prospective mergers and acquisitions and working capital purposes. <br ></li></ul>  <p align="both"><strong>2020 Third Quarter </strong><strong>Min</strong><strong>ing</strong> <strong>Operation</strong><strong>s</strong></p>  <p align="both">Consolidated silver production in Q3, 2020 was lower than Q3, 2019 due to&#160;lower silver grades from the&#160;Bola&#241;itos&#160;and El&#160;Compas&#160;mines, and the&#160;November 2019&#160;suspension of El Cubo operations, offset by a significant increase in&#160;silver&#160;grade&#160;ore&#160;at&#160;the Guanacevi mine. Consolidated gold production increased 6%&#160;due to higher throughputs and&#160;gold grade ore from the&#160;Bola&#241;itos&#160;and&#160;Guanacevi&#160;mines, offset by lower grades from El&#160;Compas&#160;and the November 2019 suspension of the El&#160;Cubo&#160;operations.&#160;</p>  <p align="both">Guanacevi silver and gold grades were both significantly higher than Q3, 2019 and well above plan. Mining the new, higher grade El Curso, Milache and SCS orebodies has led to the significantly improved ore grades. Mine output approached plan in Q3, 2020, however an extremely wet August and September impacted the plant throughput during the quarter. The mine added over 24,000 tonnes of ore to the plant stockpile in Q3, 2020 and as the rain subsides, management expects throughput to reach the plant capacity of 1,200 tpd by quarter-end. Management is reviewing alternatives to reduce the impact of rain on future plant throughput.</p>  <p align="both">Bolanitos gold grades were higher and silver grades were lower than Q3, 2019. The Q2, 2020 mine re-start focused on accelerated mine development and additional dilution control in order to return to plan in Q3, 2020. Mine output and plant throughput approached plan and is expected to maintain these levels going forward. Silver grades remain lower than plan due to lower mine output from the San Miguel vein which has higher silver and gold grades than other working areas. The output from San Miguel vein is expected to increase in Q4, 2020 as development is completed. Mine development will continue to focus on completing access to the San Miguel ore body and commencing access to the Medallito discovery.</p>  <p align="both">El Compas throughput was above plan, however dilution remains a continuing focus at the mine. El Compas grades were lower than Q3, 2019, and below planned grade. The variation of grades was due to dilution and normal fluctuations in the ore body.</p>  <p align="both"><strong>Production Highlights</strong> <strong>for</strong> <strong>Three Months and </strong><strong>Nine</strong><strong> Months Ended </strong><strong>September</strong><strong> 30, 2020. </strong></p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td colspan="3" style="border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Three Months Ended September 30</strong></td><td rowspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; "><strong>Q3 2020 Highlights</strong><br ><br ></td><td colspan="3" style="border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Nine Months Ended September 30</strong></td></tr><tr><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>2020</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>2019</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>% Change</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>2020</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>2019</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>% Change</strong></td></tr><tr><td style="max-width:11%; width:11%; min-width:11%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">206,324</td><td style="max-width:11%; width:11%; min-width:11%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">234,196</td><td style="max-width:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(12%)</td><td style="max-width:34%; width:34%; min-width:34%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Throughput (tonnes)</td><td style="max-width:11%; width:11%; min-width:11%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">519,771</td><td style="max-width:11%; width:11%; min-width:11%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">718,355</td><td style="max-width:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(28%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">942,274</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">948,547</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(1%)</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Silver ounces produced</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,396,478</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,079,224</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(22%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">10,260</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">9,716</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">6%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Gold ounces produced</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">24,553</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">29,329</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(16%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">932,837</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">938,572</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(1%)</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Payable silver ounces produced</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,373,246</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,028,383</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(22%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">10,041</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">9,465</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">6%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Payable gold ounces produced</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">24,078</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">28,606</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(16%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,763,074</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,725,827</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">2%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Silver equivalent ounces produced<sup>(1)</sup></td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">4,360,718</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">5,425,544</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(20%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">741,262</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">835,045</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(11%)</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Silver ounces sold</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,041,601</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,004,495</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(32%)</td></tr><tr><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">8,997</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">9,373</td><td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(4%)</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Gold ounces sold</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">21,669</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">28,348</td><td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(24%)</td></tr></table> <p align="justify"><sup>(1)&#160;&#160;&#160;</sup><em>Silver equivalent ounces calculated using </em><em>80</em><em>:1 ratio</em><em>. </em><br ><br ><strong>Production Tables</strong> <strong>for </strong><strong>Thir</strong><strong>d</strong><strong> Quarter, 20</strong><strong>20</strong><strong> by Mine</strong> <strong><sup><strong>(2)</strong></sup></strong></p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="max-width:12%; width:12%; min-width:12%;;border-top: solid black 1pt ; border-right: solid black 1pt ; vertical-align: middle ; "><strong>Production </strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Tonnes</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Tonnes</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Grade</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Grade</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Recovery</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Recovery</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Silver</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Gold</strong></td></tr><tr><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; "><strong>by mine</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Produced</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>per day</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Ag </strong><strong>gpt</strong><sup><strong>(1)</strong></sup></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Au </strong><strong>gpt</strong><sup><strong>(1)</strong></sup></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Ag %</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Au %</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Oz</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Oz</strong></td></tr><tr><td style="border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Guanacev&#237;</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">83,816</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">911</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">336</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">0.95</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">89.1%</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">91.5%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">806,917</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,342</td></tr><tr><td style="border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Bola&#241;itos</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">98,945</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,075</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">42</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2.04</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">83.9%</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">89.1%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">112,094</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">5,779</td></tr><tr><td style="border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">El Compas</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">23,563</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">256</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">48</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3.98</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">64.0%</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">70.9%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">23,263</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,139</td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Consolidated</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">206,324</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,243</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">162</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1.82</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">87.6%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">85.0%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">942,274</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">10,260</td></tr></table> <p align="justify"><sup>(1)&#160; &#160;</sup>gpt = grams per tonne<br ><br ><strong>Production Tables</strong> <strong>for </strong><strong>Nine</strong><strong> Months Ended </strong><strong>September</strong><strong> 30</strong><strong>, 2020 by Mine</strong> <strong><sup><strong>(2)</strong></sup></strong></p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="max-width:12%; width:12%; min-width:12%;;border-top: solid black 1pt ; border-right: solid black 1pt ; vertical-align: middle ; "><strong>Production </strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Tonnes</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Tonnes</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Grade</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Grade</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Recovery</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Recovery</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Silver</strong></td><td style="max-width:11%; width:11%; min-width:11%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Gold</strong></td></tr><tr><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; "><strong>by mine</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Produced</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>per day </strong><sup><strong>(2)</strong></sup></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Ag </strong><strong>gpt</strong><sup><strong>(1)</strong></sup></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Au </strong><strong>gpt</strong><sup><strong>(1)</strong></sup></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Ag %</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Au %</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Oz</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Oz</strong></td></tr><tr><td style="max-width:16%; min-width:16%;;border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Guanacev&#237;</td><td style="max-width:11%; min-width:11%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">240,254</td><td style="max-width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">877</td><td style="max-width:10%; min-width:10%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">306</td><td style="max-width:10%; min-width:10%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">0.94</td><td style="max-width:7%; min-width:7%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">88.0%</td><td style="max-width:7%; min-width:7%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">91.1%</td><td style="max-width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,079,378</td><td style="max-width:9%; min-width:9%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">6,616</td></tr><tr><td style="border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Bola&#241;itos</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">223,842</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">817</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">42</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1.93</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">84.0%</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">87.9%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">253,901</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">12,209</td></tr><tr><td style="border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">El Compas</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">55,675</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">203</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">54</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">4.28</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">65.4%</td><td style="padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">74.8%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">63,199</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">5,728</td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Consolidated</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">519,771</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,897</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">165</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1.72</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">86.7%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">85.2%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,396,478</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">24,553</td></tr></table> <p align="justify"><sup>(1)&#160;&#160;&#160;</sup>gpt = grams per tonne<br ><sup>(2)&#160;&#160;</sup> results for the year to date represent a partial period of production, as operations were suspended for more than half the second quarter, as mandated by the Mexican Government in response to the pandemic</p>  <p align="justify"><strong>Z</strong><strong>OOM</strong><strong> Video Update &#8211; </strong><strong>Third Quarter, 2020</strong><strong> Production Results&#160; </strong></p>  <p align="justify">A zoom video webcast to discuss these results is scheduled for Tuesday October 13, 2020,&#160;at 10:00 a.m. Pacific time (1:00 p.m. Eastern time), with Dan Dickson, Chief Financial Officer and Galina Meleger, Director of IR. The zoom webcast will be archived for replay 24 hours after the event, under the Company's website at www.edrsilver.com under the Investor Relations, Events, Webcast section. To join this event, you must use the ZOOM app or web-based platform.</p>  <p>ZOOM Registration: <strong>&#160;</strong>https://zoom.us/webinar/register/WN_PuHpYdU7TdCDveR8LmkEOg</p>  <p align="justify">After registering for the meeting, you will receive an email confirmation with the direct webinar link. A Question &amp; Answer period will follow the brief presentation. Participants can submit a question through the chat feature in zoom or can email questions in advance directly to gmeleger@edrsilver.com</p>  <p align="justify"><strong>Release of </strong><strong>Third</strong><strong> Quarter, 2020 Financial Results and Conference Call</strong></p>  <p align="justify">The 2020 Third Quarter Financial Results will be released before market on Thursday, November 5, 2020 and a telephone conference call will be held the same day at 10:00am PT (1:00pm ET). To participate in the conference call, please dial the numbers below. No pass code is necessary.</p>  <p>Toll-free in Canada and the US: 1-800-319-4610<br >Local Vancouver: 604-638-5340<br >Outside of Canada and the US: +604-638-5340</p>  <p align="justify">A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass code is 5378#. The audio replay and a written transcript will be available on the Company&#8217;s website at&#160;www.edrsilver.com under the Investor Relations, Events section.</p>  <p align="justify"><strong>About </strong><strong>Endeavour Silver </strong>&#8211; Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.</p>  <p align="justify">SOURCE Endeavour Silver Corp. <br ><br ><strong>Contact Information</strong>: <br >Galina Meleger, Director, Investor Relations<br >Toll free: (877) 685-9775<br >Tel: (604) 640-4804<br >Email: gmeleger@edrsilver.com<br >Website: www.edrsilver.com</p>  <p align="justify">Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn</p>  <p align="justify"><strong><em>Cautionary Note Regarding Forward-Looking Statements</em></strong></p>  <p align="justify"><em>This news release contains &#8220;forward-looking statements&#8221; within the meaning of the United States private securities litigation reform act of 1995 and &#8220;forward-looking information&#8221; within the meaning of applicable Canadian securities legislation. Such forward</em><em>looking statements and information herein include but are not limited to statements regarding the </em><em>impact </em><em>of suspension of mining operations, Endeavour&#8217;s anticipated performance in 2020, including production forecasts, cost estimates and metal price estimates, and the timing and results of mine expansion and development and receipt of various permits. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. </em></p>  <p align="justify"><em>Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, uncertainty of the ultimate impact of the COVID-19 pandemic on operations, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; metal prices; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company&#8217;s title to properties; as well as those factors described in the section &#8220;risk factors&#8221; contained in the Company&#8217;s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities. </em></p>  <p align="justify"><em>Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company&#8217;s mining operations, the impact of the COVID-19 pandemic on mining operations in Mexico generally, and the Company&#8217;s operations specifically, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management&#8217;s expectations and achieve their stated production outcomes, resource and reserve estimates, metal prices, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated </em><em>in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.</em>&#160;</p> </p><p ></p></body></html>
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