Silver Institute Membership Elects New Officers

(Washington, D.C. – August 4, 2021) Mr. Bradford Cooke, Executive Chairman of Endeavour Silver Corp. (EXK: NYSE and EDR: TSX), based in Vancouver, Canada, has been elected President of the Silver Institute by its membership, succeeding Mr. Michael Steinmann, President and CEO of Pan American Silver Corp. (PAAS: NASDAQ and TSX).  Additionally, Mr. Ignacio Bustamante, CEO of Hochschild Mining Plc (HOC: LSE) headquartered in Lima, Peru, was elected Vice President of the Silver Institute.  Mr. Cooke and Mr. Bustamante will each serve two-year terms.

“We are grateful for Michael Steinmann’s steadfast leadership these past two years.  He has contributed greatly to the Institute, and we have valued his guidance,” stated Michael DiRienzo, Executive Director of the Silver Institute. “Our members look forward to working with Bradford and Ignacio, as both are distinguished leaders in the global silver industry,” DiRienzo added.

Bradford Cooke commented, “I look forward to working with Michael, Ignacio and the membership of the Silver Institute on finding new ways to deliver on our mission to raise the profile of and demand for silver.  In addition to its traditional uses as an investment, as an important industrial metal, and in jewelry, I also want to emphasize the role silver plays in many green technologies, such as solar energy and electric vehicles.”

Brief Bios

Bradford Cooke

Mr. Cooke is a professional geologist and entrepreneur with 45 years of experience in the mining industry. He has specialized in the formation, management, and financing of exploration and mining companies, and the acquisition, exploration, development, and mining of mineral properties.  Bradford founded Endeavour Silver Corp. in 2003, oversaw its growth into a primary silver mining company, and recently stepped down as CEO to assume the role of Executive Chair. Mr. Cooke received a B.Sc. Geology degree (Honors) from Queens University in 1976 and a M.Sc. Geology degree from the University of British Columbia in 1984.

 Ignacio Bustamante

 Ignacio Bustamante is the CEO and a Board Member of Hochschild Mining Plc. He joined Hochschild in 1992 and, prior to his appointment as CEO in April 2010, he served as COO and General Manager of the Peruvian operations from January 2007. Between 1998 and 2003 he worked as CFO of Cementos Pacasmayo, and subsequently became a Board Member. Between 2003 and 2007, he worked for Zemex Corporation, a subsidiary of Cementos Pacasmayo, based in Atlanta, Georgia, serving first as CFO and Vice President of Business Development and later as its President. Ignacio holds a B.Sc. in Business and a B.Sc. in Accounting from Universidad del Pacifico in Peru and an MBA from Stanford University.