Endeavour Silver Appoints Don Gray as COO, Awards Feasibility Study for Terronera Project to Wood plc
September 15 2020 - 06:50AM
Endeavour Silver Corp.
(NYSE: EXK; TSX: EDR)
announces the appointment of Mr. Donald (Don) Gray, B.Sc., MSE, MBA
as its new Chief Operating Officer, effective today. Godfrey
Walton, COO since the founding of the Company, will retire at
year-end and retains the role of President until then to facilitate
the COO transition period.
Mr. Gray brings to Endeavour his 40 years of
experience in the mining industry, having worked for senior mining
companies such as Exxon, Hecla, Newmont, Coeur throughout much of
Latin America, as well as Spain and the United States. Most
recently, as COO of Continental Gold Inc., he steered the
successful completion of mine development and mill construction at
their Buritica gold mine in Colombia, culminating in the company
being purchased by Zijin Mining Group earlier this year. Prior to
that, Mr. Gray was with Tahoe Resources, initially as General
Manager/Vice President and then as President/Country Manager, where
he oversaw the successful design, construction and startup of the
Escobal silver mine in Guatemala.
Don holds a B.Sc. degree in Mining Engineering
from the University of Idaho, an MSE Civil Engineering degree from
the Massachusetts Institute of Technology, and an MBA from Auburn
University.
Mr. Gray brings to Endeavour his expertise in
all aspects of mine engineering and operations, including strategic
planning and 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.
Bradford Cooke, CEO and Director, commented, “I
would like to welcome Don to our senior management team as he takes
on this key role in helping to build a bigger and better Endeavour
Silver. Don’s experience, expertise and leadership should
help us extract more value from our current and future assets for
the benefit of all stakeholders. While we still have three
months to say goodbye with Godfrey Walton, I would like to thank
him for his 17 years of dedicated service to the Company.”
Endeavour also announces it has awarded the
feasibility study for the Terronera project to Wood plc. Wood
is an international engineering firm with a mining group who
provide project-specific services across the entire life cycle of
mining and minerals projects from early-stage concepts and
evaluations to turn-key projects and asset solutions.
Their team of technical experts spans five
continents and has delivered projects in over 100 countries across
a diverse range of commodities Wood takes advantage of its
operations and consulting expertise to assess deposits, evaluate
technical and economic feasibility, and develop efficient and
cost-effective mine and plant designs.
The feasibility study is estimated to take about
9 months at a cost of approximately $1.5 million.
About Endeavour Silver –
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.
SOURCE Endeavour Silver Corp.
Contact Information: Galina Meleger, Director
Investor RelationsToll free: (877) 685-9775 Tel: (604) 640-4804
Email: gmeleger@edrsilver.com Website:
www.edrsilver.com
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Cautionary Note Regarding Forward-Looking
Statements
This news release contains “forward-looking
statements” within the meaning of the United States private
securities litigation reform act of 1995 and “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Such forward‑looking statements and information herein
include but are not limited to statements regarding Endeavour’s
anticipated performance in 2020 and preparation and completion of
the feasibility study. 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.
Forward-looking statements or information
involve known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, production
levels, performance or achievements of Endeavour and its operations
to be materially different from those expressed or implied by such
statements. Such factors include but are not limited to the
preparation of the feasibility study and the potential impact of
the COVID 19 pandemic on preparation of the feasibility study, as
well as those factors described in the section “risk factors”
contained in the Company’s most recent form 40F/Annual Information
Form filed with the S.E.C. and Canadian securities regulatory
authorities.
Forward-looking statements are based on
assumptions management believes to be reasonable, including but not
limited to: preparation of the feasibility study, the continued
operation of the Company’s mining operations, 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’s expectations and achieve their stated production
outcomes, 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.
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