Wednesday, March 31, 2021
Endeavour Silver (EXK)(EDR:CA)
Executive Transition Plans Assure Continued Progress and Growth
As of April 24, 2020, Noble Capital Markets research on Endeavour Silver is published under ticker symbols (EXK and EDR:CA). The price target is in USD and based on ticker symbol EXK. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.
Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Management continuity. Following Endeavour’s annual general meeting on May 12th, Mr. Brad Cooke, CEO, is expected to assume the role of Executive Chair, while Mr. Dan Dickson, CFO, will become CEO. This is the culmination of a management succession plan that has been several years in the making. Mr. Dickson is an excellent choice and he never fails to impress with his grasp of the company’s operations, along with his strategic insight, candor, and commitment to Endeavour Silver and its various stakeholders. Ms. Christine West, VP and Controller, will assume the role of Chief Financial Officer.
Board-level appointments. While the membership of the board is not expected to change, Mr. Geoff Handley will relinquish his role as Chair and remain on the company’s board of directors, while Mr. Rex McLennan will become the lead independent director. As a reminder, Endeavour has a seven-member board, of which 6 are independent. We believe having Mr. Cooke serving as Executive Chairman will …
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.