<SEC-DOCUMENT>0001171843-21-000153.txt : 20210107
<SEC-HEADER>0001171843-21-000153.hdr.sgml : 20210107
<ACCEPTANCE-DATETIME>20210107065107
ACCESSION NUMBER:		0001171843-21-000153
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210107
FILED AS OF DATE:		20210107
DATE AS OF CHANGE:		20210107

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:		21512965

	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_010721.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 January 2021</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></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></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: January 7, 2021</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 January 7, 2021, 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 January 7, 2021 --><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 January 7, 2021</a> </font></td></tr></table></p></body></html>
</TEXT>
</DOCUMENT>
<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 Reports Highest Quarterly Production in Two Years; Produces 1,117,289 oz Silver and 12,586 oz Gold (2.1 Million oz Silver Equivalents) in Fourth Quarter, 2020</strong></font></p><p style="text-align: center;"><strong></strong></p><p>
 <p align="justify"><strong>VANCOUVER, British Columbia, Jan.  07, 2021  (GLOBE NEWSWIRE) -- Endeavour Silver Corp. </strong><strong>(TSX: EDR, NYSE: EXK)</strong> reports its highest quarterly production in the last two years from its three high grade, underground, silver-gold mines in Mexico; Guanacevi in Durango state, Bola&#241;itos in Guanajuato state and El Compas in Zacatecas state.&#160; Fourth Quarter, 2020 production was 1,117,289 silver ounces (oz) and 12,568 gold oz for 2.1 million oz silver equivalent (&#8220;AgEq&#8221;) at an 80:1 silver:gold ratio.<br ></p>  <p align="justify">The Company&#8217;s 2020 full year production met its original guidance notwithstanding the government mandated two-month suspension of operations due to the pandemic. &#160;In fiscal 2020, silver production totaled 3,513,767 oz and gold production totaled 37,139 oz for 6.5 million oz AgEq. The Company withdrew its 2020 production guidance in early April due to the COVID-19 pandemic and the temporary shutdown mandated by the Mexican government and chose not to issue revised guidance when production was resumed at the end of May due to continued uncertainty caused by the ongoing pandemic.</p>  <p align="justify">Bradford Cooke, Endeavour CEO, commented, &#8220;Endeavour enjoyed its strongest operational performance in two years thanks to the measures we initiated in 2019 to return the Guanacevi and Bola&#241;itos mines to profitability. I would like to commend our operations team for their hard work, commitment and resilience during the global pandemic to meet our safety and production goals last year.&#8221;</p>  <p align="justify">&#8220;So long as the pandemic is still with us, we will remain diligent with our heightened health and safety protocols, and we continue to make safety our first priority. Our entire workforce was flexible, innovative and responsible during 2020 which allowed us to deliver exceptional results given the circumstances.&#8221;</p>  <p align="justify">&#8220;Subject to our pending feasibility study, appropriate financing and board approval, we plan to turn our attention this year to developing our next core asset, the Terronera project in Jalisco state.&#160; This year should prove to be very rewarding for our staff, communities and stakeholders.&#8221;</p>  <p align="justify">Silver and gold production were higher in Q4, 2020 compared to Q4, 2019 due to the continued operational improvements at the Guanacevi and Bola&#241;itos mines.&#160; At Guanacevi, Q4, 2020 throughput increased 15%, with a 31% increase in silver equivalent grades processed compared to Q4, 2019. At Bola&#241;itos, Q4 2020, throughput increased 31%, with an 8% increase in silver equivalent grades compared to Q4, 2019.</p>  <p align="justify">Despite the temporary shutdown in Q2, 2020, annual silver production exceeded the high range of original guidance by 1%, gold production missed the low range by 2% and silver equivalent production achieved the mid-point of the original 2020 production guidance.</p>  <p align="justify"><strong>2020 Fourth Quarter Highlights </strong></p>  <ul type="disc"><li style="text-align:justify;"><strong>Consolidated Production Continued to Improve Q-o-Q:</strong> Silver equivalent production was up 21% compared to Q3, 2020, primarily due to higher throughput. <br >&#160;</li><li style="text-align:justify;"><strong>Guanacevi Continued to Outperform: </strong>Silver and gold grades continued to deliver well above plan and plant throughput approached plant capacity. <br >&#160;</li><li style="text-align:justify;"><strong>Bola&#241;itos Continued to Improve: </strong>Throughput exceeded plan, approached plant capacity and was the highest since 2018, gold grades aligned with plan and silver grades remained lower than plan. <br >&#160;</li><li style="text-align:justify;"><strong>El Compas Remained Steady: </strong>Throughput remained steady at close to plant capacity, gold grades were on plan, silver grades remained lower than plan, and with a short mine life, management is reviewing alternative mine plans to ensure positive free cash flow in 2021.&#160; <br >&#160;</li><li style="text-align:justify;"><strong>Metal Sales and Inventories: </strong>Sold 1,419,037 oz silver and 13,850 oz gold, held 105,925 oz silver and 388 oz gold of bullion inventory and 10,559 oz silver and 1,071 oz gold in concentrate inventory.<br >&#160;</li><li style="text-align:justify;"><strong>Delivered Positive <strong>Brownfields Exploration Results from the Three Mines: </strong></strong>Drilling continued to intersect high-grade gold-silver mineralization in the Santa Cruz vein at Guanacevi, the Melladito and San Bernabe veins at Bola&#241;itos, and the Misie and Calicanto veins at El Compas.<br >&#160;</li><li style="text-align:justify;"><strong>Expanded Land Position and Resumed Greenfields Exploration at Terronera: </strong>Acquired two adjacent groups of mineral concessions spanning 4,959 hectares and covering multiple mineralized vein structures.<br >&#160;</li><li style="text-align:justify;"><strong>Agreed to Sell the El Cubo Assets: S</strong>igned a binding letter agreement to sell the El Cubo Mine and related assets to VanGold Mining Corp. for US$15 million in cash and share payments plus additional contingent payments, deal anticipated to close in Q1, 2021. <br >&#160;</li><li style="text-align:justify;"><strong>Filed At-The- Market Prospectus Supplement for $60 million: </strong>ATM not active in Q4, 2020, future proceeds to be used for funding growth initiatives including advancing Terronera, Parral, Chile, prospective mergers and acquisitions and working capital.</li></ul>  <p align="justify"><strong>2020 Fourth Quarter Mining Operations</strong></p>  <p align="justify">Consolidated silver, gold and silver equivalent production were all higher in Q4, 2020 compared to Q4, 2019 due mainly to&#160;higher silver and gold grades, higher gold recoveries and lower silver recoveries.&#160; Throughputs were higher at each of the three mines but comparable Y-o-Y due to the November 2019 suspension of the El&#160;Cubo&#160;operation.</p>  <p align="justify">Guanacevi throughput, silver and gold grades were each significantly higher than Q4, 2019 and well above plan, partly offset by lower silver recoveries. Mining the new, higher grade El Curso, Milache and SCS orebodies has led to significantly improved ore grades and plant throughputs, which at 1,157 tonnes per day approached plant capacity in Q4, 2020, the highest throughput since 2015.</p>  <p align="justify">Bola&#241;itos throughput, gold grades and silver and gold recoveries were higher than Q4, 2019, partly offset by lower silver grades.&#160; Mine output approached plan and plant throughput exceeded plan in Q4, 2020 and both are expected to be sustainable 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.</p>  <p align="justify">El Compas throughput and gold recoveries were above plan, partly offset by lower silver grades, however dilution remains a continuing focus of the mine.&#160; The current resource is sufficient to support mining until mid-2021, and brownfields exploration has returned encouraging results on the Calicanto property.&#160; Management is reviewing alternative plans to ensure positive free cash flow in 2021.</p>  <p align="justify"><strong>Production Highlights for Three Months and Year Ended December 31, 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 December 31</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>Q4 2020 Highlights</strong></td><td colspan="3" style="border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Year Ended December 31</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:12%; width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">237,389</td><td style="max-width:12%; width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">236,531</td><td style="max-width:12%; width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">0%</td><td style="max-width:28%; width:28%; min-width:28%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Throughput (tonnes)</td><td style="max-width:12%; width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">757,160</td><td style="max-width:12%; width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: middle ; ">954,886</td><td style="max-width:12%; width:12%; min-width:12%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(21%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,117,289</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">939,511</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">19%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">Silver ounces produced&#160;</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,513,767</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">4,018,735</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(13%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">12,586</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">9,578</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">31%</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 ; ">37,139</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">38,907</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(5%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,108,848</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">923,540</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">20%</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 ; ">3,482,094</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,951,923</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(12%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">12,314</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">9,397</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">31%</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 ; ">36,392</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">38,003</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(4%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,124,169</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,705,751</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">25%</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 ; ">6,484,887</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">7,131,295</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(9%)</td></tr><tr><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,419,037</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,050,157</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">35%</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 ; ">3,460,638</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">4,054,652</td><td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(15%)</td></tr><tr><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">13,850</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">10,803</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">28%</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 ; ">35,519</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">39,151</td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; ">(9%)</td></tr><tr><td colspan="7" style="text-align: justify ;  vertical-align: middle; vertical-align: middle ; "><sub><em><sup>(1)&#160; &#160;</sup></em><em>Silver equivalent ounces calculated using 80:1 ratio</em><em>.</em></sub></td></tr></table> <p align="justify"><br ></p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td colspan="9" style="max-width:12%; width:12%; min-width:12%;;text-align: justify ;  vertical-align: middle; vertical-align: middle ; "><strong>Production Tables</strong> <strong>for Fourth Quarter, 2020 by Mine </strong><strong><sup>(2)</sup></strong></td></tr><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&#160;</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&#160;</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 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 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&#160; %</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Au&#160; %</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 ; ">106,425</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,157</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">331</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1.01</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">87.6%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">92.5%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">991,697</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,198</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 ; ">107,332</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,167</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">34</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2.22</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">84.7%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">88.2%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">99,417</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">6,754</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 ; ">23,632</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">257</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">50</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">4.41</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">68.9%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">78.6%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">26,175</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,634</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 ; ">237,389</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,580</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">169</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1.90</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">86.8%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">87.0%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1,117,289</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">12,586</td></tr><tr><td colspan="9" style="border-top: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; "><sub><em><sup>(1)&#160; &#160;</sup></em><em>gpt = grams per tonne</em></sub></td></tr></table> <p><br ></p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td colspan="9" style="max-width:12%; width:12%; min-width:12%;;text-align: justify ;  vertical-align: middle; vertical-align: middle ; "><strong>Production Tables</strong> <strong>for Year Ended December 31, 2020 by Mine </strong><strong><sup>(2)</sup></strong></td></tr><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&#160;</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&#160;</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 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 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&#160; %</strong></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Au&#160; %</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 ; ">346,679</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">947</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">314</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">0.96</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">87.7%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">91.7%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,071,075</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">9,814</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 ; ">331,174</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">905</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">40</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2.02</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">83.0%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">88.2%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">353,318</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">18,963</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 ; ">79,307</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">217</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">53</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">4.32</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">66.1%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">75.9%</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">89,374</td><td style="text-align: center ;  vertical-align: middle; vertical-align: middle ; ">8,362</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 ; ">757,160</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">2,069</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">167</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">1.78</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">86.5%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">85.9%</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">3,513,767</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">37,139</td></tr><tr><td colspan="9" style="border-top: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: middle ; "><sub><em><sup>(1)&#160; &#160;</sup></em><em>gpt = grams per tonne</em></sub></td></tr><tr><td colspan="9" style="text-align: justify ;  vertical-align: middle; vertical-align: middle ; "><sub><em><sup>(2)&#160; &#160;</sup></em><em>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 COVID-19 pandemic</em></sub></td></tr></table> <p align="justify"><strong><u><br >Sustainability Highlights for 2020</u></strong></p>  <ul type="disc"><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">All offices, mines, and projects promptly and proactively applied COVID-19 health and safety protocols to contain the pandemic, which successfully limited its impact on our operations.</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">Significant new community donations focused on health and education: <ul type="circle"><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">COVID-19 resources were quickly deployed to support community health programs with materials such as masks, cleaning supplies, rapid tests, doctors, and medical equipment.</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">Endeavour increased its investment into its annual scholarship program to benefit over 140 students and donated over 450 tablets to students of all ages to continue online education.</li></ul> </li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">Guanacevi, Bola&#241;itos and El Compas received the annual &#8220;Socially Responsible Company&#8221; distinction from CEMEFI (Mexican Philanthropy Center).</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">Successfully launched the ICARE ethical values program to improve visibility of the Company&#8217;s ethics and communication with employees.</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">Initiated the &#8220;Te Cuido&#8221; safety culture program to develop an operating philosophy based on Risk Awareness and Competency. Safety KPI&#8217;s have significantly improved.</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">Implemented a Community Engagement System to improve engagement with communities.</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">The Company planted over 46,000 trees to reclaim disturbed ground at all our mines and projects.</li><li style="margin-top:0in; margin-bottom:0in; text-align:justify;">The 2020 Sustainability Report will be published in May 2021.</li></ul>  <p align="justify"><strong>Release of 2020 Financial Results and Conference Call</strong></p>  <p align="justify">The 2020 Financial Results will be released before market on Monday, March 1, 2021 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 align="justify">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 5891#. The audio replay and a written transcript will be available on the Company's website at&#160;<u>www.edrsilver.com</u> under the Investor Relations, Events section.</p>  <p align="justify"><strong>About 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.&#160; Our philosophy of corporate social integrity creates value for all stakeholders.</p>  <p align="justify">SOURCE Endeavour Silver Corp.&#160; <br ></p>  <p align="justify"><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: <u>www.edrsilver.com</u></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&#8209;looking statements and information herein include but are not limited to statements regarding the impact of suspension of mining operations, Endeavour&#8217;s anticipated performance in 2021, 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 in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.</em></p> </p><p ></p></body></html>
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