Precious Metals

Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, has been named one of the Top 50 Third-Party Logistics Providers of 2020 by Global Trade a prominent logistics magazine and news website focused on domestic and global expansion solutions. The "Fantastic Fifty" list honors leading 3PLs that are transforming the logistics industry through innovative technology while also providing exceptional customer service and exceeding client expectations. This is the eighth consecutive year Echo has received this honor. Echo has earned this recognition every year since Global Trade first introduced the distinction in 2013.

"It's an honor for Echo to once again be named a Top 50 Third-Party Logistics Provider by Global Trade ," said Doug Waggoner , Chairman of the Board of Directors and Chief Executive Officer at Echo. "Our industry-leading technology, top-notch logistics experts, and best-in-class customer service set Echo apart in the industry. At Echo, our clients and carrier partners get technology at their fingertips and experts by their side when they want them."

As a Fortune 1000 3PL, Echo has created a robust network that enables the company to move more than 16,000 shipments every day for its more than 35,000 clients through its network of over 50,000 carrier partners. While providing exceptional service to its clients, Echo leverages its industry expertise, proprietary technology, vast access to capacity, and suite of multimodal shipping solutions to ensure each client receives the transportation management that's right for their business.

In Global Trade 's "Fantastic Fifty" feature , the publication highlights Echo's user-friendly, proprietary technology that allows clients and carrier partners alike to "operate more nimbly, adapting to changes with real-time visibility." For example, EchoShip™, the company's self-service shipping platform, consolidates and simplifies shipping by enabling clients to quote, book, ship, track, and manage invoices. EchoDrive®, its web portal and mobile app for carriers, provides real-time access to search, bid, book, manage, track, and get paid on freight hauled for Echo. Both are built on EchoAccelerator, a flexible and robust proprietary architecture that supports shipper, carrier, and managed transportation systems.

"At Echo, technology is integral to everything we do, and we're continuously developing technological advancements that enable us to serve shippers and carriers in new and better ways," said Dave Menzel , President and Chief Operating Officer at Echo. "Inclusion in Global Trade 's 'Fantastic Fifty' list is a testament to the strides we've made in disrupting the logistics industry through our proprietary technology and our commitment to innovation."

Global Trade 's annual "Fantastic Fifty" list of top 3PLs showcases leading companies while also providing a comprehensive list for businesses seeking new partnership opportunities. The Top 50 Third-Party Logistics Providers of 2020 were selected based on industry reputation, outstanding operational excellence, game-changing initiatives, disruptive technology solutions, and unmatched levels of innovation. For more information, please visit www.globaltrademag.com .

About Echo Global Logistics
Echo Global Logistics, Inc. (NASDAQ: ECHO) is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com .

ECHO: Corporate

CONTACT INFORMATION

Investor Relations:
Zach Jecklin
SVP of Strategy
Echo Global Logistics
312-784-2046

Media Relations:
Christopher Clemmensen
SVP of Marketing
Echo Global Logistics
312-784-2132

Echo Global Logistics named one of the Top 50 Third-Party Logistics Providers of 2020 by Global Trade.

(PRNewsfoto/Echo Global Logistics, Inc.)

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SOURCE Echo Global Logistics, Inc.

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Endeavour Silver - Withholding Sales for Inventory Impacts Quarterly Results

Second quarter 2022 results. Endeavour generated a second quarter adjusted net loss of $4.3 million, or $(0.02) per share, compared to adjusted net income of $2.4 million, or $0.01 per share, during the prior year period. We had projected a loss of $5.6 million, or $(0.03) per share. Including changes in the fair value of investments, the company reported a loss of $(0.07) per share. Endeavour retained inventory for future sale at higher prices. At quarter end, Endeavour held 1,399,356 ounces of silver and 2,580 ounces of gold in bullion inventory and 12,408 ounces of silver and 587 ounces of gold in concentrate inventory. Updating estimates. Endeavour increased its production forecast to a range of 7.6 million to 8.0 million from 6.7 million to 7.6 million silver equivalent ounces to reflect higher than planned ore-grades along the El Curso ore body at Guanacevi. While the company is experiencing cost inflation, cash and all-in sustaining costs expectations remain $9.00 to $10.00 per ounce and $20.00 to $21.00 per ounce, respectively. We increased our 2022 EPS estimate to $0.11 from $0.10 and reduced our 2023 estimate to $0.13 from $0.15 to reflect modestly lower commodity prices and margin. Read More >>

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Fortuna Reports Results for the Second Quarter of 2022

(All amounts expressed in US dollars, tabular amounts in millions, unless otherwise stated)

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the second quarter of 2022. Second Quarter 2022 Highlights

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"We successfully replaced 11 million ounces of silver mineral reserves and 96.1 thousand ounces of gold mineral reserves at our producing mines over the past 12 months. Most of our exploration drilling was focused on near-mine exploration at La Colorada , Huaron and Timmins and produced positive results. Most notably, 7.3 million ounces of silver mineral reserves were added at La Colorada , more than replacing the 6.7 million ounces mined," said Christopher Emerson , Pan American's Vice President of Business Development and Geology. "Gold and silver mineral reserves were impacted by the reclassification of mineral reserves to mineral resources at the Dolores underground mine and considering the localized overestimation of the contained ounces within Phase 9B , which offset reserve gains at La Arena, Shahuindo and Timmins ."

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Pan American Silver reports Q2 2022 results

All amounts expressed in U.S. dollars unless otherwise indicated. Unaudited tabular amounts are in thousands of U.S. dollars except number of shares, options, warrants, and per share amounts, unless otherwise noted

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Falcon Gold Corp

Falcon Gold Shareholders Approve AGM Resolutions

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The Company also announces it has arranged a non-brokered private placement to raise total proceeds of $300,000 through issuance of 4,000,000 units (each a "Unit") at a price of $0.075 per Unit. Proceeds from the offering are for general working capital and exploration on the Company's project portfolio. Each Unit will consist of one common share and one common share purchase warrant, with each whole warrant entitling the holder to subscribe to common share of the Company at a price of $0.10 for a period of 36 months following the acceptance date. The common shares and warrants issued under the Units will be subject to the standard four month hold period as prescribed by the policies of the TSX Venture Exchange.

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Click here to read the previous best silver stocks on the TSX article.

After a strong performance earlier in the year, the silver price has trended downward through the second and third quarters alongside sister metal gold.

The white metal spent most of March trading over US$25 per ounce, and hit a 2022 high of US$26.38, a level it had not seen since July 2021. However, it has plunged in Q3, hitting a year-to-date low of US$18.27.

Despite a lower silver price, the biggest TSX-listed silver stocks are making progress. The companies below were the largest by market cap as of July 25, 2022, as per data gathered using TradingView’s stock screener.

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