Just if you could provide some more colour that would be great. Find Ford Endeavour (2016-2019) Sales Figures/ Statistics for 20 month by month at AutoPortal.com. Ford India has been enduring tough times in the domestic market due to the slowdown in its sales volumes. More details on individual mine capital expenditures have been provided in the above sections. The 1981 Endeavour 40 was designed for the owner cruising market but also with an eye to establishing sales in the yacht charter market. We are very pleased with the progress made to integrate the SEMAFO assets within our well-established West African operating model, which is now largely complete. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). Settlement of Accounts Payable in the normal course of business. Godfrey? Endeavour is also maintaining SEMAFO's production and AISC guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group production to amount to 995—1,095koz in 2020 … Customers booking a Ford car during this campaign stand to get assured gifts from smartphones, LED TVs and gold coins. Agbaou is expected to achieve the bottom half of its full year 2020 production guidance range of 115,000—125,000 ounces and the middle of its AISC guidance range of $940—$990 per ounce. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. I don't expect to have a current income tax expense in Q4 other than for special mining duty, but will us grind away from that asset and having expense on a non- cash basis. Production decreased slightly as lower processed grades were partially offset by increased mill throughput. It's a little bit, maybe just broad, obviously with higher margins we're experiencing right now on the back of good metal prices and, obviously, your reduced costs, that speaks to higher cash flow. No decisions made yet. Yes. I think from that perspective, we're taking out the proper precautions and measures to take care of our people as well as make sure that the operation can maintain continuity. Stock model available for only $67,900. ENDEAVOUR REPORTS STRONG Q3-2020 RESULTS AND DECLARES FIRST DIVIDEND Record cash flow per share l Net debt reduced by $298m to $175m l First dividend declared at attractive yield HIGHLIGHTS Q3-2020 production increased by 64% over Q2-2020 to 244koz while AISC decreased by $33/oz to $906/oz Production expected to continue to increase in Q4-2020 due to Boungou restart and ramp-up … The amount for H1-2020 increased slightly compared to the corresponding period of H1-2019 mainly due to interest payment on equipment leases at Ity. These may include statements regarding Endeavour's anticipated performance in 2020 and future years, including revenue and cost figures, silver and gold production, grades and recoveries, and the timing and expenditures required to develop new silver mines in mineralized zone. Continued strong safety record for the Group, with a low Lost Time Injury Frequency Rate (“LTIFR”) of 0.21 for the trailing 12 months. If I can just add that the screening is pretty comprehensive with temperature checks and checking symptoms and that kind of thing. Higher grade material is planned to be processed in the second half of the year with mill feed from Vindaloo Main and Central supplemented by Kari Pump, which will be ramped up in Q4-2020. November 2020 - Endeavour for CRM is a Top 2020 Microsoft CRM Consulting firm with a focus on Microsoft Dynamics 365 and Dynamics CRM for Sales, Customer Service and Member Management. In the meantime, processed grades and recovery rates are expected to decrease as higher quality ore stockpiles are processed in priority. Tonnes of ore mined from the underground operation decreased due to a temporary halt of the underground mining activities as a result of the COVID-19 precautions. I'd also, especially, like to recognize Godfrey Walton who was with me when we went to Mexico in 2003, looking for an asset we can build a company around. Those programs aren't going to grow or shrink. For a discussion regarding the company’s use of Non-GAAP Measures, please see "Note Regarding Certain Measures of Performance" in the MD&A. Benoit Desormeaux stated, "It has been a distinct pleasure to be part of the SEMAFO team for the past 23 years and I look forward to following Endeavour’s activities as a leading West African producer. As of September, we've resumed drilling on a number of very interesting undrilled veins at Terronera to try and continue boosting the resources there. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business. Adjusted Net Earnings amounted to $86 million in H1-2020 (or $0.78 per share), an increase of $83 million compared to H1-2019 due to the benefit of higher production at a higher realized gold price. Thanks for the colour. Tonnes of ore mined increased due to the lower overall strip ratio as scheduled waste capitalization activity was delayed to later in the year. Please go ahead. You're sprayed down body wise, front and back, and your vehicles also sprayed down as you come in. So, there's kind of discretionary exploration expense that we'll consider, and then just building up our cash for the equity component of the $100 million Capex to build Terronera. Good points, good question, Chris. At least 15,000 meters of drilling are planned for the remainder of 2020. With me on the line today we have the Company's Chief Executive Officer, Bradford Cooke; our Chief Financial Officer, Dan Dickson; our Chief Operating Officer, Don Gray; and our President, Godfrey Walton. Sales 2020: 156 M 121 M 121 M: Net income 2020-8,47 M-6,60 M-6,60 M: Net Debt 2020---P/E ratio 2020-53,5x: Yield 2020-Capitalization: 891 M 697 M 694 M: Capi. In 2018, Endeavour issued a $330 million convertible note, maturing in February 2023. Pro Forma Group production is expected to be higher and AISC lower during the second half of the year, notably due to the mining of the higher-grade Kari Pump deposit at Houndé and the restart of mining activities at the Boungou mine. Operating cash flow before non-cash working capital for Q2-2020 amounted to $85 million (or $0.77 per share) in Q2-2020, down $34 million over Q1-2020, mainly due to lower ounces sold, an outflow of $17 million related to hedging programs and an $11 million increase in taxes paid which was partially offset by an $11 million decrease in operating expenses. Following the outbreak of COVID-19 pandemic, a large portion of the underground mining team was placed in a 14-day quarantine as a preventive measure. I was wondering if you could give me some more clarity in terms of grades as how we should think about Q4 here, in particular, Guanacevi. The reason why I'm cautious about talking about operating at full capacity is simply rain seasons are a bit unpredictable, and COVID is still out there, but yes, it will be in our plan to operate close to capacity. We make sure that every worker as they come in, their temperature is checked, they're sprayed down, everybody is wearing a mask 100% of the time. The equipment finance lease obligations decreased in Q2-2020 due to scheduled lease payments. Employees in a role that enabled them to work from home were asked to do so. In results released on Wednesday (29th April) sales rose 6.1 per cent to $740 million from $697 million last year in the liquor segment. As such, Karma successfully transitioned from owner mining to contract mining on June 8, 2020. The H1-2020 royalty expense was $109/oz, up from $69/oz for H1-2019, due to both the higher realized gold price and an increase in the underlying royalty rate based on the applicable sliding scale (above a spot gold price of $1,300/oz, government royalty rates in Burkina Faso increase from 4.0% to 5.0%, and above a spot gold price of $1,600/oz rates increase from 4.0% to 5.0% in Côte d'Ivoire). Should we expect further improvements for the Company there? The majority of drilling was focused on the Le Plaque area and on near-mill targets such as Verse West and Leach pad and Daapleu SW. As announced on July 7, 2020, drilling has resulted in a 43% increase in Le Plaque’s Indicated resource estimate to 689,000 ounces. Table 28: Operating Cash Flow Before Non-Cash Working Capital Per Share. The integration planning process was launched with the SEMAFO team after the transaction announcement in March 2020 and implemented on transaction close. By clicking “Accept” you acknowledge and agree that neither EDV nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Over $20 we payed 30% NSR on it. Endeavour Silver Corp. released today its financial results for the three month and nine month periods ended September 30, 2020. When Endeavour is called to investigate what at first appears to be a freak accident at Lady Matilda's College, he uncovers a potential link between a series of peculiar incidents across Oxford. Surendhar M - March 4, 2020. An exploration program of up to $2.0 million has been planned for 2020 with the aim of continuing to test targets located along extensions of known deposits and on parallel trends. The current P/S ratio for Endeavour Silver as of September 10, 2020 is . AISC increased as a result of lower ounces sold and higher royalties, unit mining costs and processing costs, which were offset by lower sustaining capital and G&A unit costs. Thank you. Adjusted Net Earnings amounted to $53 million in Q2-2020 (or $0.48 per share), an increase of $19 million compared to Q1-2020 due to the benefit of a strong gold price and lower depreciation. COVID precautions in place, both our prevention plan and our urgency response plan. I'll get back in queue. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", and "anticipates". We pay a $12 processing fee per tonne on that material, and then we also pay a royalty cost on that material. Yes, Lucas, thanks for the question. Can you just walk us through how your plans in Mexico have changed since you restarted operations with safety-related to COVID? As expected, the processed grade decreased due to the declining grade profile of the available ore stockpile. Twitter. Following the podium finishers was the VW Tiguan AllSpace, that registered a sale of 138 units in November 2020, 28 units less than the same month last year. The stacked grade decreased due to lower grade ore sourced from the GG1 pit. This is Godfrey. Mining is expected to continue principally in the North and South pits with contributions from the West pit ceasing in the second half of the year. We were affected by significant rainfall in the rain season in Q3. Of the meters completed, over 44,000 meters were drilled for geotechnical and metallurgical purposes at Kari West, Kari Centre and Kari Gap, and sterilization and grade control at Kari Pump. It's a very good question. A portion of the higher royalties due to the higher gold price is expected to be netted against lower expected fuel costs. Mining unit costs increased  from $2.37 to $3.12 per tonne mined due to the higher drill and blast and equipment maintenance costs associated with mining an increased proportion of fresh material. Ore tonnes stacked increased due to the benefit of the recently completed conveyor and stacking system upgrades. Endeavour Silver Corp. (NYSE:EXK)’s Major holders. A mining contact was awarded to SFTP Mining BF S.A.R.L (“SFTP”), a local contractor, in late Q2-2020. Several key personnel changes were made at Mana to accelerate the integration process into Endeavour’s operating model. The AISC increased, albeit outperforming guidance, mainly due to increased sustaining capital spend, higher royalty rates, and increased unit processing cost which were partially offset by lower unit G&A costs. In addition, gold in circuit increased due to gold locked in the heap which is expected to be recovered in the upcoming quarters. H1-2020 production for Endeavour's assets amounted to 321koz, an increase over H1-2019 mainly due to the start-up of the Ity CIL operation in late Q1-2019 while AISC increased in line with guidance. By. We grow customer bases to ensure our clients realize strong returns. RRP is $71,490. I should point out, however, that the improved rates are accompanied by higher royalty payments. Yes, I don't think we're going to average 1,200 tonnes per day at either operation next year, we're certainly going to be bumping up against it on a regular basis. As such, production during the quarter was slightly impacted. As such, as at June 30, 2020, its Pro Forma liquidity stood at $545 million. Inflow mainly related to the decrease in stockpiles, GIC and consumables at Ity and Houndé offset by an increase in GIC at Karma. Company VAT Number: GB344692676 The realized gold price for H1-2020 was $1,612/oz compared to $1,271/oz in H1-2019. Facebook. Should we assume similar grades to Q3, which are obviously very high? Increased mainly due to a $7 million increase in VAT receivables at Houndé and a $5 million short-term loan to the BCM Group. Refer to the non-GAAP measure section of the MD&A. I'll turn it over. Twitter. For its first quarter to 4th October 2020, sales at Endeavour-owned bottleshops BWS and Dan Murphy’s rose to $2.7 billion, up from $2.2 billion in the same period last year. Our actual workforce that is mine and plant that had minimal impacts from COVID. As presented in the tables 30, 31 and 32 below, Endeavour is maintaining its FY-2020 production and AISC guidance. The Company operates three silver-gold mines in Mexico: the Guanaceví mine in Durango state, the Bolañitos mine in Guanajuato state and the El Compas mine in Zacatecas state. As guided, a higher proportion of ore mined was sourced from the lower grade GG1 pit. We are going to be patient. Boungou is expected to recommence mining activities in Q4-2020 once a new mining contract is awarded, the air strip is built and the security practice is fully integrated within Endeavour’s operating model. Endeavour expects stronger cash flow generation in the second half of the year, due to higher production, lower non-sustaining spend (already 65% of FY-2020 guidance completed in H1), lower exploration spend (already 85% of FY-2020 guidance completed in H1), the benefit of higher gold prices and its gold collar program (with a cap of $1,500/oz for half its production) finishing at the end of June 2020. Sustaining and non-sustaining capital spends for FY-2020 are expected to amount to approximately $49.0 million and $10.0 million, respectively. Each of Endeavour’s operations are continuing to operate at normal levels with gold shipments and sales continuing, albeit with increased health and safety measures and decreased efficiencies. These measures are presented as they can provide useful information to assist investors with their evaluation of the SEMAFO's and the pro forma performance. Thanks, Heiko. The majority of remaining drill metres focused on the Kari area along with small reconnaissance drill campaigns at Sianikoui, Mambo and Marzipan which provided positive initial results. Cost of sales for Q1, 2020 was $24.8 million, a decrease of 27% over the cost of sales of $33.8 million for the same period of 2019. Total tonnes mined decreased due to both fewer tonnes of ore mines and a lower overall strip ratio. 3Pro Forma and SEMAFO figures are non-GAAP. Mining open pit unit costs decreased from $4.79 to $4.46 per tonne in part due to a lower fuel price. Got it. Sustaining capital spend for FY-2020 is expected to amount to approximately $8.0 million (of which $3.4 million has been incurred in H1-2020), an increase compared to the initial FY-2020 guidance of $4.0 million due to increased waste extraction following the change in the mine plan. The campaign, which offers assured gifts and prizes worth up to Rs 5 lakh, is valid on the automaker's entire product line-up, including the Ford Figo, Ford Aspire, Ford Freestyle, Ford EcoSport and Ford Endeavour, and will be operational till December 6. Should you need assistance during the conference call, you may signal an Operator by pressing star, and zero. ENDEAVOUR REPORTS STRONG Q3-2020 RESULTS AND DECLARES FIRST DIVIDEND Record cash flow per share l Net debt reduced by $298m to $175m l First dividend declared at attractive yield HIGHLIGHTS Q3-2020 production increased by 64% over Q2-2020 to 244koz while AISC decreased by $33/oz to $906/oz Production expected to continue to increase in Q4-2020 due to Boungou restart and ramp-up … Now that we've got lots of free cash flow, it opens up other possibilities. Processing unit costs remained broadly flat, despite greater downtime and lower mill throughput. Atlantic Endeavour 20' New stock in the yard now and ready - 2020 model INTERNAL Full rear ensuite Side club lounge - perfect for relaxing or entertaining. Ford Registers 5% Sales Growth In February 2020 – EcoSport, Endeavour, Aspire. Any update there on timeline to making a construction decision? As a part of the transition, the mining fleet at Karma and associated spare parts were sold to SFTP for $12.8 million. Tonnes milled decreased due to the planned higher proportion of fresh ore in the blend. The non-sustaining capital spend for H1-2020 increased compared to the corresponding period of 2019 mainly due to the TSF raise and waste capitalization at Ity, while spend decreased at Agbaou, Karma and Houndé, as shown in the table below. I think on that note, Operator, let's wrap up my comments and open it up for Q and A. So, we're busy right now looking at other properties and evaluating what's happening up at Cerro Marquez and talking to a variety of people about that property. There are very significant royalties paid commenced its Midnight Surprise sales campaign endeavour sales 2020. Lease payments Guanacevi, we ’ re turning ripples into waves of worldwide awareness is Godfrey 's last earnings as! 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