Community Investment //
At Endeavour, we aim to make a positive and lasting difference in the lives of the people in the communities in which we operate. We make every attempt to align our community investments with the needs of our community stakeholders and support their long-term development.
In 2015, we developed an Endeavour Silver Community Investment Policy which underwent a revision in 2016 to narrow the focus of our funding priorities. We will start implementing the new policy commitment in 2017, when our community investment funding will align with the following strategic priorities:
- Education (scholarships, school facilities, teaching materials etc.)
- Employability (trades workshops, assessments or materials to establish small businesses)
- Health and infrastructure for public services (when done in collaboration with communities or government)
In 2016, we spent $165,706 on community investment initiatives across our three operations and exploration sites in Mexico. This does not include in-kind donations or staff time (paid or volunteer). Of this amount, $48,336 was invested in community infrastructure (predominantly at El Cubo), which included road repairs adjacent to the health center and a sidewalk to the center to enhance safety along a busy roadway, as well as roof repairs to the main town plaza – an important community recreational space.
We make every attempt to align our community investments with the needs of our community stakeholders and support their long-term development.
The corporate office contributed $27,154 in 2016 to support health and environment related charities, for a total company 2016 community investment budget of $192,860.
Further details about our community investment expenditures and programs are located in the Community section of this report.
Raquel Adriana Monarrez: Junior Purchaser, Guanaceví
“I enjoy the challenge of constantly looking for products that offer the best quality, service, and price.”
Raquel has worked with Endeavour for about four years and is currently responsible for the full range of supplies that are housed in the Guanaceví warehouse inventory. The ongoing purchasing challenge is to ensure the warehouse maintains adequate supplies in order to avoid any unnecessary shortages or stoppage in production, while at the same time keeping costs down. In 2015, Raquel participated in an initiative to consolidate single-mine suppliers as corporate suppliers, which resulted in significant site and company savings for certain products.
Raquel also oversees the supplier evaluation process for the mine. The selection of suppliers is made based on the quality of the product (ensuring it meets the company requirements) price, delivery times, the supplier’s reputation for service and reliability, and all these being met, prioritizing procurement from local service providers and vendors.