Endeavour Silver

   Balance Sheet: Cash position of $34.9 million and working capital ( 2) of $56.4 million. Cash decreased as funds were spent on development activities at Terronera. The Company raised gross proceeds of $38.9 million through issuances, primarily to fund the activities at Terronera.
   Drawdown on Terronera Senior Secured Debt Facility: Subsequent to quarter end, the company announced the first drawdown of $60 million of the $120 million senior secured debt facility and executed hedge contract terms (see news release dated April 10, 2024 ).
   Construction Continues on Schedule at the Terronera Mine: Overall project progress reached 53% and the project remains on track for commissioning in Q4 2024. Construction activities are advancing with a focus on mechanical and vertical installation (see news release dated April 23, 2024 ).

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The actions we took in 2023, and achievements made, include the following (all dollar amounts presented below are in U.S. dollars):

People

   Continued implementing safety procedures aligned to ISO 45001, the global standard for reducing occupational injuries and diseases, and recorded a 1.03 reportable injury rate.
   Provided an average of 31 training hours per employee and contractor.
   Made upgrades to our mining on-site facilities, including employee accommodations, food services and enjoyment areas, to create more comfortable experiences for our people.
   Nearly doubled our community investments, to $854,620 which supported initiatives such as road improvement projects, the building of a new community water well, and the delivery of skill-training workshops for local residents.
   Marked the seventh anniversary of our Scholarship Program, with 142 scholarships awarded in 2023 – and 855 since 2017 – to enhance access to education for local students.
   Awarded the ‘Socially Responsible Company’ distinction by the Mexican Center for Philanthropy.

Planet

   Released our first climate report aligned to the Task Force on Climate-related Financial Disclosures (TCFD) framework, entitled “ Our Climate Journey ” , and undertook research to inform the development of a long-term Climate Action Plan.
   Calculated Scope 3 emissions for the first time, for our two producing mines.
   Recycled 89% of water used in our operations, beating our target and minimizing our use of fresh water.
   Diverted 78% of our overall waste from landfills.
   Continued working with an external consultant to align our current practices with the new Global Industry Standard on Tailings Management.
   Planted 58,580 trees through our reforestation program to restore land disturbed by mining activity

Business

   Surpassed 30% representation of women on the Board, achieving our 2024 target.
   Developed Anti-money Laundering and Anti-terrorist Financial Protocol to formalize and strengthen the controls governing our relationships with third parties.
   100% of our employees completed business conduct and ethics training.
   Created a new human rights training course for Endeavour’s security personal.
   97% of our procurement was from local and national suppliers in Mexico.
   Launched Supplier Standards of Conduct to integrate enhanced ESG criteria into our supplier due diligence processes.

The 2023 Sustainability Report and related performance tables are available on Endeavour’s website .
The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) framework, as well as with reference to the United Nations Sustainable Development Goals (SDGs). A Spanish version of the report will be available online during Q3, 2024.

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