UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

Endeavour Silver Corp.

(Exact name of registrant as specified in its charter)

British Columbia, Canada   001-33153   Not Applicable
(State or other jurisdiction of
incorporation or organization)		   (Commission File Number)   (IRS Employer
Identification No.)

#1130-609 Granville Street
Vancouver, British Columbia, Canada		   V7Y 1G5
(Address of principal executive offices)   (Zip Code)

Dan Dickson
(604) 685-9775

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2024.

☒  Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2024.

SECTION 1 - CONFLICT MINERALS DISCLOSURE

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02 - Exhibit

Not applicable.

SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Endeavour Silver Corp. (“Endeavour”), a British Columbia corporation, is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). Endeavour is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2024, to satisfy the requirements of Item 2.01. Endeavour’s ESTMA report is available on Endeavour’s website at https://edrsilver.com/site/assets/files/14235/estma-2024-reporting.pdf or on the Government of Canada’s website at https://natural-resources.canada.ca/minerals-mining/services-mining-industry/extractive-sector-transparency/links-estma-reports. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

this Form SD.

SECTION 3 - EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report.

Exhibit
Number		   Description
     
2.01   Extractive Sector Transparency Measures Act - Annual Report for Endeavour Silver Corp. for the year ended December 31, 2024

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

Endeavour Silver Corp.
       
By: /s/ Dan Dickson   September 25, 2025
  Dan Dickson   (Date)
  Chief Executive Officer    

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name Endeavour Silver Corp  
Reporting Year From  1/1/2024 To:  12/31/2024 Date submitted 2025-05-29  
Reporting Entity ESTMA Identification Number E850912 Original Submission
Amended Report		    
Other Subsidiaries Included
(optional field)		    
   
Not Consolidated    
   
Not Substituted    
   
Attestation by Reporting Entity    
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.  
   
   
Full Name of Director or Officer of Reporting Entity Elizabeth Senez Date 2025-05-29  
Position Title CFO  


Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From:  1/1/2024 To:  12/31/2024    
Reporting Entity Name Endeavour Silver Corp Currency of the Report USD
Reporting Entity ESTMA Identification Number E850912    
Subsidiary Reporting Entities (if necessary)      
Payments by Payee
Country  Payee Name1 Departments,
Agency, etc... 
within Payee that
Received
Payments2		  Taxes Royalties  Fees Production
Entitlements		 Bonuses  Dividends Infrastructure
Improvement
Payments		 Total
Amount paid
to Payee		 Notes34
Mexico Federal Government of Mexico Secretariat of the Economy     814,000         814,000 Concession Fees
Mexico Federal Government of Mexico Treasury Federation 8,423,000 1,006,000           9,429,000 Income Taxes, Custom Fees and Taxes; Extraordinary Mining Duties and Special Mining Duties
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Additional Notes: 1)  All amounts have been reported in United States dollars ("USD"). Amounts paid in currencies other than USD have been translated at the weighted average of the exchange rates during the reporting period (MXN/USD exchange rate 0.055287)
2) All amounts have been rounded to the nearest US$1,000

1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z). 

2 Optional field.

3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.

4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From:  1/1/2024 To:  12/31/2024    
Reporting Entity Name Endeavour Silver Corp Currency of the Report USD
Reporting Entity ESTMA Identification Number E850912    
Subsidiary Reporting Entities (if necessary)      
Payments by Project
Country Project Name1  Taxes Royalties  Fees  Production Entitlements  Bonuses  Dividends Infrastructure
Improvement Payments		 Total Amount paid
by Project 		Notes23
Mexico El Cubo Mine 72,000    27,000         99,000  
Mexico Bolanitos Mine 37,000  268,000 72,000         377,000  
Mexico Guanacevi Mine 7,517,000  738,000 5,000         8,260,000  
Mexico Terronera Project 248,000    352,000         600,000  
Mexico Pitarrilla Project 8,000    114,000         122,000  
Mexico Guadalupe Project 56,000    65,000         121,000  
Mexico  Metales Interamericanos 58,000              58,000  
Mexico Exploration Projects 427,000    179,000         606,000  
Additional Notes3: 1)  All amounts have been reported in United States dollars ("USD"). Amounts paid in currencies other than USD have been translated at the weighted average of the exchange rates during the reporting period (MXN/USD exchange rate 0.055287)
2) All amounts have been rounded to the nearest US$1,000

1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.

3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.