Endeavour Silver Corp (EXK)

[JohnCM]

Since start-up in 2004 Endeavour has posted nine consecutive
years of growth in silver production. In 2013 we produced 6.8
million ounces of silver and 75,578 ounces of gold, or 11.4 million
ounces of silver equivalent.

Guanaceví Mine: Acquired in 2004; our first and highest grade
mine
Guanaceví is located 260 km northwest of the city of Durango
in the state of Durango. In 2013 Guanaceví produced 2.8
million oz of silver and 6,800 oz of gold, totalling 3.2 million
oz of silver equivalent, at cash costs of $14.32 per oz of silver,
net of by-product credits. Today, three underground mines
feed a central, 1,200 tonne-per-day plant that produces doré
bars, with total workforce of about 450 employees and 300
contractors.

Bolañitos Mine: Acquired in 2007; our second and fastest growing
mine
Bolañitos is located 10 km northwest of the city of
Guanajuato in the state of Guanajuato. In 2013 Bolañitos
produced 2.9 million oz of silver and 51,652 oz of gold,
totalling 6.0 million of silver equivalent, at cash costs of
negative $2.87 per oz of silver, net of by-product credits.
Today, three underground mining operations feed a central,
1,600 tonne-per-day plant to produce bulk silver-gold
concentrates, employing 400 people and 370 contractors.

El Cubo Mine: Acquired in 2012; our third mine and latest
opportunity
El cubo is located 6 km southeast of the city of Guanajuato in
the state of Guanajuato. In 2013 El Cubo produced 1.2 million oz
of silver and 17,142 oz of gold, totalling 2.2 million oz of silver
equivalent, at cash costs of $18.77 per oz of silver, net of byproduct
credits. Today, four underground mining operations feed
a central, 1,550 tonne-per-day plant to produce high-grade silver-gold
concentrates, providing employment for 580 employees and
100 contractors.

Exploration Projects: In pursuit of our fourth mine
In addition to operating mines, Endeavour has a portfolio of
six exploration projects in Mexico and one in Chile. The most
advanced of these is San Sebastián, located in the state of Jalisco,
Mexico. In 2012 we discovered the Terronera vein, which is more
than 1,400 metres long, 200 metres deep, up to 20 metres thick,
and open along strike to the southeast and down dip. In 2014 we
will continue to explore the full potential of our project portfolio
as we lay the foundation for another nine years of accretive
growth.