RHJ/iStock via Getty Images Endeavour Silver (NYSE:EXK) reported FY 2023 production guidance Thursday, anticipating output of 5.7M-6.3M oz of silver and 36K-40K oz of gold for gold equivalent production of 8.6M-9.5M oz. Endeavour (EXK) expects all-in sustaining costs of $19-$20/oz of silver, with slightly lower than 2022 as comparable sustaining capital, exploration and general and administrative costs will be allocated over increased production. The company said it plans to invest $34.7M in sustaining capital at its two operating mines, the Guanacevi and Bolañitos mines in Mexico, and plans a $25.7M development budget for the Terronera project in Mexico. The miner said 2023 guidance marks its fourth consecutive year of production growth and a 25% increase from the midpoint of last year’s original forecast. Earlier this week, Endeavour Silver (EXK) reported production for 2022 totaled 6M oz of silver and 37.5K oz of gold, which exceeded the upper range of its guidance.
