On April 3, 2025, Endeavour Silver Corp. announced a public offering of 11.6 million common shares at US$3.88 per share, for gross proceeds of US$45.0 million (approximately C$61.4 million, using an exchange rate of 1.364 CAD/USD at the time). The offering was conducted through an underwriting agreement with BMO Nesbitt Burns Inc., TD Securities Inc., and Raymond James Ltd.

The expected net proceeds were approximately US$42.2 million after deducting a 5% underwriting fee of US$2.25 million and estimated expenses of US$590,000. Endeavour intends to use the proceeds to partially fund its US$145 million acquisition of Kolpa Canada Ltd., which includes the Huachocolpa Uno Mine in Peru.

The closing date of the offering is anticipated to be on or about April 8, 2025, subject to finalization but no later than May 15, 2025. Legal counsel for Endeavour included Blake, Cassels & Graydon LLP (Canada) and Dorsey & Whitney LLP (U.S.), while the underwriters were advised by Borden Ladner Gervais LLP (Canada) and Skadden, Arps, Slate, Meagher & Flom LLP (U.S.).

The shares are listed on the Toronto Stock Exchange (TSX: EDR) and the New York Stock Exchange (NYSE: EXK).