Latest news with #EndeavourSilver
Yahoo
4 days ago
- Business
- Yahoo
Update: Endeavour Silver's Second-Quarter Adjusted Loss Widens
(Adds National Bank comment and updates shares.) Endeavour Silver ( said Wednesday that it Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Endeavour Silver Announces Q2 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ('Endeavour' or the 'Company') (NYSE: EXK; TSX: EDR) announces its financial and operating results for the three and six months ended June 30, 2025. All dollar amounts are in US dollars ($). 'We are pleased with Endeavour's strong performance this quarter, highlighted by increased silver equivalent production, robust revenue growth, and the successful integration of Minera Kolpa into our portfolio,' said Dan Dickson, Chief Executive Officer. 'Our team delivered solid operating results, achieving higher sales at favorable market prices while maintaining costs below guidance. The completion of the Minera Kolpa acquisition has enhanced the Company's growth profile, and with Terronera nearing commercial production, we are transforming our operational landscape with an expanded resource base and increased production capacity. These milestones, combined with a steadfast commitment to operational efficiency and disciplined capital management, position the company to leverage future opportunities and deliver sustainable growth for our shareholders well into the future.' Q2 2025 Highlights Strong and Consistent Production: 1,483,736 ounces ('oz') of silver and 7,755 oz of gold for 2.5 million oz silver equivalent ('AgEq')(1) with the addition of Kolpa, 13% higher than the same period in 2024. Higher oz Sold with Higher Realized Prices: $85.3 million from the sale of 1,455,680 oz of silver and 7,706 oz of gold at average realized prices of $32.95 per oz silver and $3,320 per oz gold. Revenue from operations is 46% higher than in the same period in 2024. Positive Mine Operating Cash Flow: $22.9 million in operating cash flow before working capital changes(2), 21% higher than the same period in 2024. Operating Costs Below Guidance: Cash costs(2) of $15.35 per oz payable silver and all-in sustaining costs(2) of $25.16 per oz, net of by-product credits. Solid Cash Position: Ended the second quarter with a robust consolidated cash balance of $52.5 million. Completed Acquisition of Minera Kolpa: On May 1, 2025, the Company completed the acquisition of Minera Kolpa, including a $50 million bought deal equity financing, used to fund the cash component of the Kolpa Acquisition (See news release dated April 16, 2025 here), and commenced payments on the US$35 million copper stream with Versamet Royalties Corporation (See news release dated May 1, 2025 here). Additional Credit Facility of US$15 Million: The Company amended and restated the Terronera credit facility to increase the principal amount from $120 million to $135 million (See news release dated June 24, 2025 here). Terronera Nearing Commercial Production: Q2 results have been impacted by Terronera's operating losses during the commissioning phase. On August 5, 2025 the Company announced that the throughput has rapidly increased with milling rates between 1,900 and 2,000 tpd at the end of July and that silver and gold recoveries have averaged 71% and 67%, respectively during second half of the July. (See news release dated August 5, 2025 here). Financial Overview Three Months Ended June 30 Q2 2025 Highlights Six Months Ended June 30 2025 2024 % Change 2025 2024 % Change Production 1,483,736 1,312,572 13% Silver ounces produced 2,689,529 2,772,578 (3%) 7,755 10,549 (26%) Gold ounces produced 16,093 20,682 (22%) 3,503 - - Lead tonnes produced 3,503 - - 2,316 - - Zinc tonnes produced 2,316 - - 2,528,562 2,156,453 17% Silver equivalent ounces produced(1) 4,401,401 4,427,130 (1%) 15.35 13.43 14% Cash costs per silver ounce(2) 15.59 13.30 17% 25.25 20.48 23% Total production costs per ounce(2) 24.79 19.65 26% 25.16 23.13 9% All-in sustaining costs per ounce (2) 24.85 22.24 12% 303,828 218,989 39% Processed tonnes 513,335 440,783 16% 142.00 140.36 1% Direct operating costs per tonne(2) 142.30 137.65 3% 201.24 192.68 4% Direct costs per tonne(2) 203.70 187.19 9% Financial 85.3 58.3 46% Revenue from operations ($ millions) 148.8 122.0 22% 1,455,680 1,217,569 20% Silver ounces sold 2,679,364 2,973,663 (10%) 7,706 9,887 (22%) Gold ounces sold 16,244 20,767 (22%) 32.95 28.94 14% Realized silver price per ounce 32.52 25.71 26% 3,320 2,374 40% Realized gold price per ounce 3,110 2,238 39% 3.3 - - Pre-production revenue ($ millions) 3.3 - - 85,711 - - Pre-production silver equivalent ounces sold(1) 85,711 - - (20.5) (14.0) (46%) Net earnings (loss) ($ millions) (53.4) (15.2) (251%) (9.2) (1.0) (841%) Adjusted net earnings (loss) ($ millions)(2) (9.4) (0.7) (1,227%) 7.7 10.2 (24%) Mine operating earnings ($ millions) 20.6 21.9 (6%) 22.9 18.9 21% Mine operating cash flow before taxes ($ millions)(2) 45.0 39.5 14% 14.4 8.1 78% Operating cash flow before working capital changes(2) 22.7 18.3 24% 1.4 (2.3) 162% EBITDA ($ millions)(2) (16.7) 11.3 (248%) 10.8 11.9 (10%) Adjusted EBITDA ($ millions)(2) 25.9 28.1 (8%) (15.3) 64.5 (124%) Working capital ($ millions) (2) (15.3) 64.5 (124%) Shareholders (0.07) (0.06) (17%) Earnings (loss) per share – basic ($) (0.20) (0.06) (233%) (0.03) (0.00) (100%) Adjusted earnings (loss) per share – basic ($)(2) (0.03) (0.00) (100%) 0.05 0.03 67% Operating cash flow before working capital changes per share(2) 0.08 0.08 0% 283,534,276 242,889,679 17% Weighted average shares outstanding 272,987,662 235,201,630 16% (1) Silver equivalent (AgEq) is calculated using an 80:1 Ag:Au ratio, 60:1 (Ag:Pb) ratio, 85:1 (Ag:Zn) ratio and 300:1 (Ag:Cu) ratio.(2) These are non-IFRS financial measures and ratios. Further details on these non-IFRS financial measures and ratios are provided at the end of this press release and in the MD&A accompanying the Company's financial statements, which can be viewed on the Company's website, on SEDAR+ at and on EDGAR at Direct operating costs per tonne in Q2 2025 increased to $142.00, slightly higher than $140.36 in Q2 2024. This metric was impacted by: higher costs per tonne at Bolañitos with lower throughput as a result of maintenance of the floatation circuit and crushing area; the addition of Kolpa which has higher direct operating costs per tonne; offset by lower costs at Guanaceví. Consolidated cash costs per oz, net of by-product credits, were 14% higher in Q2 2025 at $15.35 per oz, compared with Q2 2024, driven by an increase in costs at Bolañitos and Guanaceví from lower production, and partially offset by addition of Kolpa which at $11.81 per oz decreases the average cash cost. All-In-Sustaining Costs ('AISC') in Q2 2025 was $25.16 per silver oz in Q2 2025, 9% higher compared to $23.13 per oz in Q2 2024, predominantly due to the addition of Kolpa which at $25.66 per oz increased the average AISC, and a slight increase of AISC at Guanaceví. In Q2 2025, the Company's mine operating earnings were $7.7 million (Q2 2024 – $10.2 million) from revenue of $85.3 million (Q2 2024 – $58.3 million) and cost of sales of $80.9 million (Q2 2024 – $48.1 million). The decrease in mine operating earnings is predominantly due to Terronera's mine operating loss of $5.9 million as the mine ramped-up towards commercial production. The increase in the cost of sales compared to the prior period was driven by $21.5 million from Kolpa and $9.2 million increase from Terronera. In Q2 2025, the Company had operating loss of $4.8 million (Q2 2024 – earnings of $1.7 million) after exploration, evaluation and development costs of $4.9 million (Q2 2024 – $4.3 million), and general and administrative expense of $7.6 million (Q2 2024 – $4.2 million). The increase in general and administrative expense is primarily due to the $3.6 million acquisition costs of Minera Kolpa. The loss before taxes for Q2 2025 was $14.6 million (Q2 2024 – loss of $11.3 million) after loss on derivative contracts of $10.0 million (Q2 2024 – $9.2 million) and partially offset by a foreign exchange gain of $0.7 million (Q2 2024 – loss of $4.0 million), investment and other income of $0.7 million (Q2 2024 – $0.6 million), and finance costs of $1.1 million (Q2 2024 – $0.3 million). The Company realized a net loss for the period of $20.5 million (Q2 2024 – net loss of $14.0 million) after an income tax expense of $5.9 million (Q2 2024 – $2.7 million). The deferred tax recovery was realized as a result of recognizing previously unutilized losses during the period. Adjusted net loss was $9.2 million compared to adjusted net loss of $1.0 million in Q2 2024, largely due to the operating loss from Terronera during the commissioning phase and higher depreciation and tax costs. This news release should be read in conjunction with the Company's condensed consolidated interim financial statements for the period ended June 30, 2025, and associated Management's Discussion and Analysis ('MD&A') which are available on the Company's website, on SEDAR+ at and on EDGAR at Conference Call Management will host a conference call to discuss the Company's Q2 2025 financial results today at 10:00am Pacific (PST)/ 1:00pm Eastern (EST). Date: Wednesday, August 13, 2025 Time: 10:00am Pacific (PDT) / 1:00pm Eastern (EDT) Telephone: Canada & US +1-833-752-3348 International +1-647-846-2804 Replay: Canada/US Toll Free +1-855-669-9658 International +1-412-317-0088 Access code is 6575935 To access the replay using an international dial-in number, please click here. The replay will also be available on the Company's website at Management Update Endeavour is pleased to announce the promotion of Allison Pettit as Vice President, Investor Relations, joining the company's management team, effective August 1, 2025. With over a decade of experience in the mining sector, Ms. Pettit has a proven track record working in investor relations, corporate communications, and stakeholder engagement. She joined Endeavour in 2024 after six years at NOVAGOLD Resources Inc., where she played a key role in enhancing corporate visibility and strengthening shareholder relationships. Ms. Pettit will continue to lead Endeavour's investor relations and communications strategies, supporting the company's growth and strategic objectives. She holds a Bachelor of Business Administration and serves as a Board member for the BC Chapter of the Canadian Investor Relations Institute. Endeavour warmly welcomes Ms. Pettit to its management team as the company advances its growth strategy and commitment to long-term shareholder value. About Endeavour Silver Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and Peru, and the development of the new cornerstone mine in Jalisco state, the company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. Contact Information Allison PettitVice President, Investor Relations Tel: (877) 685 - 9775Email: apettit@ Website: Endnotes 1 Silver equivalent (AgEq) AgEq is calculated using an 80:1 Ag:Au ratio, 60:1 (Ag:Pb) ratio, 85:1 (Ag:Zn) ratio and 300:1 (Ag:Cu) ratio. 2 Non-IFRS and Other Financial Measures and Ratios Certain non-IFRS and other non-financial measures and ratios are included in this press release, including cash costs per silver ounce, total production costs per ounce, all-in costs per ounce, AISC per ounce, direct operating costs per tonne, direct costs per tonne, silver co-product cash costs, gold co-product cash costs, realized silver price per ounce, realized gold price per ounce, adjusted net earnings (loss) adjusted net earnings (loss) per share, mine operating cash flow before taxes, working capital, operating cash flow before working capital adjustments, operating cash flow before working capital changes per share, earnings before interest, taxes, depreciation and amortization ('EBITDA'), adjusted EBITDA per share, sustaining and growth capital and adjusted net earnings (loss). Please see the June 30, 2025 MD&A for explanations and a discussion of these non-IFRS and other non-financial measures and ratios. The Company believes that these measures and ratios, in addition to conventional measures and ratios prepared in accordance with International Financial Reporting Standards ('IFRS'), provide management and investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS and other non-financial measures and ratios are intended to provide additional information and should not be considered in isolation or as a substitute for measures or ratios of performance prepared in accordance with IFRS. These measures and ratios do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to other issuers. Certain additional disclosures for these non-IFRS measures have been incorporated by reference and can be found in the section 'Non-IFRS Measures' in the June 30, 2025 MD&A available on SEDAR+ at Reconciliation of Working Capital Expressed in thousands of US dollars As at June 30, 2025 As at December 31, 2024 Current assets $197,877 $157,647 Current liabilities 220,043 78,866 Working capital ($22,166) $78,781 Reconciliation of Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) Per Share Expressed in thousands US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Net earnings (loss) for the period per financial statements ($20,455) ($14,007) ($53,362) ($15,201) Unrealized foreign exchange (Gain) loss (2,802) 2,196 (2,527) 2,332 (Gain) loss on derivatives & copper stream valuation 10,088 9,253 42,019 9,253 Acquisition costs 3,602 - 3,602 - Change in fair value of investments (178) 425 (321) 1,286 Change in fair value of cash settled DSUs 582 1,159 1,220 1,624 Adjusted net earnings (loss) ($9,163) ($974) ($9,369) ($706) Basic weighted average share outstanding 283,534,276 242,889,679 272,987,662 235,201,630 Adjusted net earnings (loss) per share ($0.03) ($0.00) ($0.03) ($0.00) Reconciliation of Mine Operating Cash Flow Before Taxes Expressed in thousands US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Mine operating earnings per financial statements $7,744 $10,196 $20,586 $21,852 Share-based compensation 136 74 170 153 Depreciation 15,010 8,639 24,216 17,516 Mine operating cash flow before taxes $22,890 $18,909 $44,972 $39,521 Reconciliation of Operating Cash Flow Before Working Capital Changes and Operating Cash Flow Before Working Capital Changes Per Share Expressed in thousands US dollars Three Months Ended June 30 Six Months Ended June 30 (except for per share amounts) 2025 2024 2025 2024 Cash from (used in) operating activities per financial statements $21,564 $12,367 $24,927 $16,950 Net changes in non-cash working capital per financial statements 7,192 4,301 2,207 (1,350) Operating cash flow before working capital changes $14,372 $8,066 $22,720 $18,300 Basic weighted average shares outstanding 283,534,276 242,889,679 272,987,662 235,201,630 Operating cash flow before working capital changes per share $0.05 $0.03 $0.08 0.08 Reconciliation of EBITDA and Adjusted EBITDA Expressed in thousands US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Net earnings (loss) for the period per financial statements ($20,455) ($14,007) ($53,362) ($15,201) Depreciation – cost of sales 15,010 8,639 24,216 17,516 Depreciation – exploration, evaluation and development 4 188 254 347 Depreciation – general & administration 102 106 207 205 Finance costs 846 103 1,030 238 Current income tax expense 9,094 2,878 14,373 8,545 Deferred income tax expense (recovery) (3,199) (163) (3,413) (396) EBITDA $1,402 ($2,256) ($16,695) $11,254 Share based compensation 1,681 1,162 2,197 2,332 Unrealized foreign exchange (gain) loss (2,802) 2,196 (2,527) 2,332 (Gain) loss on derivatives & copper stream valuation 10,088 9,253 42,019 9,253 Change in fair value of investments (178) 425 (321) 1,286 Change in fair value of cash settled DSUs 582 1,159 1,220 1,624 Adjusted EBITDA $10,773 $11,939 $25,893 $28,081 Basic weighted average shares outstanding 283,534,276 242,889,679 272,987,662 235,201,630 Adjusted EBITDA per share $0.04 $0.05 $0.09 $0.12 Reconciliation of Cash Cost Per Silver Ounce, Total Production Costs Per Ounce, Direct Operating Costs Per Tonne, Direct Costs Per Tonne Expressed in thousands of US dollars Three Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Direct production costs per financial statements $23,058 $11,594 $16,301 $50,953 Purchase of the third-party material (9,988) - - (9,988) Smelting and refining costs included in revenue - 345 1,088 1,433 Opening finished goods (4,763 ) (1,328) (610) (6,701) Closing finished goods 5,939 935 574 7,448 Direct operating costs 14,246 11,546 17,353 43,145 Purchase of the third-party material 9,988 - - 9,988 Royalties 6,197 164 - 6,361 Special mining duty (1) 1,079 423 148 1,650 Direct costs 31,510 12,133 17,501 61,144 By-products sales (11,635) (13,962) (13,275) (38,872) Opening by-products inventory fair market value 2,232 1,410 544 4,186 Closing by-products inventory fair market value (2,302) (1,310) (526) (4,138) Cash costs net of by-products 19,805 (1,729) 4,244 22,320 Depreciation 6,315 2,747 5,157 14,219 Share-based compensation 66 46 24 136 Opening finished goods depreciation (1,618) (384) (134) (2,136) Closing finished goods depreciation 1,843 214 125 2,182 Total production costs $26,411 $894 $9,416 $36,721 Expressed in thousands of US dollars Three Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Direct production costs per financial statements $23,001 $10,702 - $33,703 Purchase of the third-party material (5,043) - - (5,043) Smelting and refining costs included in revenue - 447 - 447 Opening finished goods (2,314) (651) - (2,965) Closing finished goods 4,038 557 - 4,595 Direct operating costs 19,682 11,055 - 30,737 Purchase of the third-party material 5,043 - - 5,043 Royalties 5,556 92 - 5,648 Special mining duty(1) 129 637 - 766 Direct costs 30,410 11,784 - 42,194 By-products sales (8,622) (14,852) - (23,474) Opening by-products inventory fair market value 871 851 - 1,722 Closing by-products inventory fair market value (2,187) (751) - (2,938) Cash costs net of by-products 20,472 (2,968) - 17,504 Depreciation 5,965 2,674 - 8,639 Share-based compensation 60 14 - 74 Opening finished goods depreciation (771) (219) - (990) Closing finished goods depreciation 1,326 144 - 1,470 Total production costs $27,052 ($355) - $26,697 Expressed in thousands of US dollars Three Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Throughput tonnes 96,834 88,098 118,896 303,828 Payable silver ounces 994,882 100,183 359,347 1,454,412 Cash costs per silver ounce $19.91 ($17.26) $11.81 $15.35 Total production costs per ounce $26.55 $8.92 $26.20 $25.25 Direct operating costs per tonne $147.11 $131.06 $145.95 $142.00 Direct costs per tonne $325.40 $137.72 $147.20 $201.24 Expressed in thousands of US dollars Three Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Throughput tonnes 112,897 106,092 - 218,989 Payable silver ounces 1,192,165 111,296 - 1,303,461 Cash costs per silver ounce $17.17 ($26.67) - $13.43 Total production costs per ounce $22.69 ($3.19) - $20.48 Direct operating costs per tonne $174.34 $104.20 - $140.36 Direct costs per tonne $269.36 $111.07 - $192.68 Expressed in thousands of US dollars Six Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Direct production costs per financial statements $48,502 $21,323 $16,301 $86,126 Purchase of the third-party material (15,854) - - (15,854) Smelting and refining costs included in revenue - 781 1,088 1,869 Opening finished goods (5,448) (485) (610) (6,543) Closing finished goods 5,939 935 574 7,448 Direct operating costs 33,139 22,554 17,353 73,046 Purchase of the third-party material 15,854 - - 15,854 Royalties 12,263 341 - 12,604 Special mining duty (1) 2,063 854 148 3,065 Direct costs 63,319 23,749 17,501 104,569 By-products sales (24,426) (25,954) (13,275) (63,655) Opening by-products inventory fair market value 3,185 772 544 4,501 Closing by-products inventory fair market value (2,302) (1,310) (526) (4,138) Cash costs net of by-products 39,776 (2,743) 4,244 41,277 Depreciation 12,884 5,384 5,157 23,425 Share-based compensation 86 60 24 170 Opening finished goods depreciation (1,188) (92) (134) (1,414) Closing finished goods depreciation 1,843 214 125 2,182 Total production costs $53,401 $2,823 $9,416 $65,640 Expressed in thousands of US dollars Six Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Direct production costs per financial statements $49,887 $20,521 $ - $70,408 Purchase of the third-party material (7,435) - - (7,435) Smelting and refining costs included in revenue - 940 - 940 Opening finished goods (7,137) (699) - (7,836) Closing finished goods 4,038 557 - 4,595 Direct operating costs 39,353 21,319 - 60,672 Purchase of the third-party material 7,435 - - 7,435 Royalties 11,888 168 - 12,056 Special mining duty(1) 1,650 697 - 2,347 Direct costs 60,326 22,184 - 82,510 By-products sales (19,353) (27,117) - (46,470) Opening by-products inventory fair market value 2,909 619 - 3,528 Closing by-products inventory fair market value (2,187) (751) - (2,938) Cash costs net of by-products 41,695 (5,065) - 36,630 Depreciation 11,780 5,736 - 17,516 Share-based compensation 122 31 - 153 Opening finished goods depreciation (1,459) (197) - (1,656) Closing finished goods depreciation 1,326 144 - 1,470 Total production costs $53,464 $ 649 $ - $54,113 Expressed in thousands of US dollars Six Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Throughput tonnes 199,272 195,167 118,896 513,335 Payable silver ounces 2,007,163 281,260 359,347 2,647,770 Cash costs per silver ounce $19.82 ($9.75) $11.81 $15.59 Total production costs per ounce $26.60 $10.04 $26.20 $24.79 Direct operating costs per tonne $166.30 $115.56 $145.95 $142.30 Direct costs per tonne $317.75 $121.69 $147.20 $203.70 Expressed in thousands of US dollars Six Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Throughput tonnes 227,901 212,882 - 440,783 Payable silver ounces 2,523,900 229,869 - 2,753,769 Cash costs per silver ounce $16.52 ($22.03) - $13.30 Total production costs per ounce $21.18 $2.82 - $19.65 Direct operating costs per tonne $172.68 $100.14 - $137.65 Direct costs per tonne $264.70 $104.21 - $187.19 (1) Special mining duty is an EBITDA royalty tax presented as a current income tax in accordance with IFRS. Reconciliation of All-In Costs Per Ounce and AISC per ounce Expressed in thousands of US dollars Three Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Cash costs net of by-products $19,805 ($1,729) $4,244 $22,320 Operations share-based compensation 66 46 24 136 Corporate general and administrative 1,074 323 4,755 6,152 Acquisition costs - - (3,602) (3,602) Corporate share-based compensation 756 274 323 1,353 Reclamation - amortization/accretion 159 90 41 290 Mine site expensed exploration 29 27 1,036 1,092 Equipment loan payments - - 66 66 Capital expenditures sustaining 4,781 1,675 2,332 8,788 All-In-Sustaining Costs $26,670 $706 $9,219 $36,595 Acquisition costs 3,602 Growth exploration, evaluation and development 3,633 Growth capital expenditures 45,362 All-In-Costs $89,192 Expressed in thousands of US dollars Three Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Cash costs net of by-products $20,472 ($2,968) - $17,504 Operations share-based compensation 60 14 - 74 Corporate general and administrative 2,263 910 - 3,173 Corporate share-based compensation 684 277 - 961 Reclamation - amortization/accretion 101 73 - 174 Mine site expensed exploration 341 335 - 676 Equipment loan payments 78 67 - 145 Capital expenditures sustaining 5,245 2,199 - 7,444 All-In-Sustaining Costs $29,244 $907 $- $30,151 Growth exploration, evaluation and development 3,299 Growth capital expenditures 48,367 All-In-Costs $81,817 Expressed in thousands of US dollars Three Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Throughput tonnes 96,834 88,098 118,896 303,828 Payable silver ounces 994,882 100,183 359,347 1,454,412 Silver equivalent production (ounces) 1,282,853 440,678 805,032 2,528,562 All-in-Sustaining cost per ounce $26.81 $7.04 $25.66 $25.16 Expressed in thousands of US dollars Three Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Throughput tonnes 112,897 106,092 - 218,989 Payable silver ounces 1,192,165 111,296 - 1,303,461 Silver equivalent production (ounces) 1,535,161 621,292 - 2,156,453 All-in-Sustaining cost per ounce $24.53 $8.15 - $23.13 Expressed in thousands of US dollars Six Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Cash costs net of by-products $39,776 ($2,743) $4,244 $41,277 Operations share-based compensation 86 60 24 170 Corporate general and administrative 3,750 1,403 4,755 9,908 Acquisition costs - - (3,602) (3,602) Corporate share-based compensation 1,050 393 323 1,766 Reclamation - amortization/accretion 307 175 41 523 Mine site expensed exploration 299 201 1,036 1,536 Equipment loan payments - - 66 66 Capital expenditures sustaining 8,227 3,600 $2,332 14,159 All-In-Sustaining Costs $53,495 $3,089 $9,219 $65,803 Acquisition costs 3,602 Growth exploration, evaluation and development 7,408 Growth capital expenditures 81,576 All-In-Costs $158,389 Expressed in thousands of US dollars Six Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Cash costs net of by-products $41,695 ($5,065) $- $36,630 Operations share-based compensation 122 31 - 153 Corporate general and administrative 4,467 1,711 - 6,178 Corporate share-based compensation 1,374 527 - 1,901 Reclamation - amortization/accretion 203 150 - 353 Mine site expensed exploration 463 649 - 1,112 Equipment loan payments 206 287 - 493 Capital expenditures sustaining 9,961 4,465 - 14,426 All-In-Sustaining Costs $58,491 $2,755 $- $61,246 Growth exploration, evaluation and development 6,823 Growth capital expenditures 86,272 All-In-Costs $154,341 Expressed in thousands of US dollars Six Months EndedJune 30, 2025 Guanaceví Bolañitos Kolpa Total Throughput tonnes 199,272 195,167 118,896 513,335 Payable silver ounces 2,007,163 281,260 359,347 2,647,770 Silver equivalent production (ounces) 2,617,300 979,070 805,032 4,401,401 All-in-Sustaining cost per ounce $26.65 $10.98 $25.66 $24.85 Expressed in thousands of US dollars Six Months EndedJune 30, 2024 Guanaceví Bolañitos Kolpa Total Throughput tonnes 227,901 212,882 - 440,783 Payable silver ounces 2,523,900 229,869 - 2,753,769 Silver equivalent production (ounces) 3,200,854 1,226,276 - 4,427,129 All-in-Sustaining cost per ounce $23.17 $11.98 - $22.24 Reconciliation of Sustaining Capital and Growth Capital Expressed in thousands of US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Capital expenditures sustaining $8,788 $7,444 $14,159 $14,426 Growth capital expenditures 45,362 48,367 81,576 86,272 Property, plant and equipment expenditures per Consolidated Statement of Cash Flows $54,150 $55,811 $95,735 $100,698 Expressed in thousands of US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Mine site expensed exploration $1,092 $676 $1,536 $1,112 Growth exploration, evaluation and development 3,633 3,299 7,408 6,823 Total exploration, evaluation and development 4,725 3,975 8,944 7,935 Exploration, evaluation and development depreciation 4 188 254 347 Exploration, evaluation and development share-based compensation 193 127 262 278 Exploration, evaluation and development expense $4,922 $4,290 $9,460 $8,560 Reconciliation of Realized Silver Price Per Ounce and Realized Gold Price Per Ounce Expressed in thousands of US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Gross silver sales $48,873 $35,234 $88,024 $76,456 Silver ounces sold 1,483,311 1,217,569 2,706,995 2,973,663 Realized silver price per ounce $32.95 $28.94 $32.52 $25.71 inclusive of 27,631 oz of silver from pre-production at Terronera Expressed in thousands of US dollars Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Gross gold sales $27,989 $23,474 $52,772 $46,470 Gold ounces sold 8,431 9,887 16,969 20,767 Realized gold price per ounce $3,320 $2,374 $3,110 $2,238 inclusive of 725 oz of gold from pre-production at Terronera Cautionary Note Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of the United States private securities litigation reform act of 1995 and 'forward-looking information' within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the Company's forecasted operations, costs and expenditures, the Company's exploration programs, extensions of mineralisation and publishing of future resource estimates; and the timing and results of various related activities, including achieving commercial production at Terronera. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to unexpected changes in production and costs guidance; the ongoing effects of inflation and supply chain issues on mine economics; fluctuations in the prices of silver and gold; fluctuations in the currency markets (particularly the Mexican peso, Chilean peso, Canadian dollar, Peruvian sol, and U.S. dollar); fluctuations in interest rates; effects of inflation; changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada, Peru and Mexico; financial risks due to precious metals prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining (including, but not limited to environmental hazards, industrial accidents, unusual or unexpected geological conditions, pressures, cave-ins and flooding); inadequate insurance, or inability to obtain insurance; availability of and costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; diminishing quantities or grades of mineral reserves as properties are mined; risks in obtaining necessary licenses and permits; satisfaction of conditions precedent to drawdown under the Debt Facility; challenges to the Company's title to properties; May 27, 2025 filed with the S.E.C. and Canadian securities regulatory authorities. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's mining operations, no material adverse change in the market price of commodities, forecasted mine economics, mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Yahoo
10-08-2025
- Business
- Yahoo
Endeavour Silver Corp. (TSE:EDR) surges 8.6%; retail investors who own 60% shares profited along with institutions
Explore Endeavour Silver's Fair Values from the Community and select yours Key Insights Significant control over Endeavour Silver by retail investors implies that the general public has more power to influence management and governance-related decisions The top 25 shareholders own 33% of the company Recent purchases by insiders This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Every investor in Endeavour Silver Corp. (TSE:EDR) should be aware of the most powerful shareholder groups. With 60% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. While retail investors were the group that reaped the most benefits after last week's 8.6% price gain, institutions also received a 40% cut. In the chart below, we zoom in on the different ownership groups of Endeavour Silver. Check out our latest analysis for Endeavour Silver What Does The Institutional Ownership Tell Us About Endeavour Silver? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Endeavour Silver does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Endeavour Silver, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Endeavour Silver. The company's largest shareholder is Van Eck Associates Corporation, with ownership of 7.0%. For context, the second largest shareholder holds about 4.9% of the shares outstanding, followed by an ownership of 3.6% by the third-largest shareholder. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Insider Ownership Of Endeavour Silver The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our data suggests that insiders own under 1% of Endeavour Silver Corp. in their own names. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around CA$4.0m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. General Public Ownership The general public, who are usually individual investors, hold a substantial 60% stake in Endeavour Silver, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Endeavour Silver , and understanding them should be part of your investment process. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
11-07-2025
- Business
- Business Insider
Endeavour Silver announces at the market offering for up to $60M
Endeavour Silver (EXK) 'announces it has entered into a sales agreement dated July 10, 2025 with BMO Capital Markets Corp., TD Securities LLC, Ventum Financial Corp., National Bank of Canada Financial Inc., Raymond James Ltd., H.C. Wainwright & Co., LLC and ING Financial Markets LLC pursuant to which the Company may, at its discretion and from time-to-time during the approximately 24 month term of the Sales Agreement, sell, through the Agents, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to $60M.' Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
08-07-2025
- Business
- Yahoo
Endeavour Silver Produces 1,483,736 Oz Silver and 7,755 Oz Gold (2.5 Million Silver Equivalent Oz) in Q2 2025
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ('Endeavour' or the 'Company') (NYSE: EXK; TSX: EDR) reports second quarter 2025 production of 1,483,736 silver ounces (oz), 7,755 gold oz, and in combination with base metal production a silver equivalent(1) ('AgEq') total production of 2.5 million oz. All dollar amounts are in US dollars ($). "We delivered strong and consistent production in the second quarter,' said Dan Dickson, Chief Executive Officer of Endeavour Silver. 'The integration of Kolpa is progressing smoothly, with output already trending above initial expectations. At the same time, Terronera continues to move steadily toward commercial production. This is a pivotal time for Endeavour as we build operational momentum and position the Company for meaningful, long-term growth." Q2 2025 Production Overview Guanaceví Maintains Consistent Production: Production in line with plan, with gold production slightly above plan and silver production at the lower end of the planned range. Bolañitos Continues to Perform: Due to the lower throughput in May and June, silver and gold production were both slightly below plan. Kolpa Delivers Strong Results at a Stable Rate: Throughput and production of metals were in line with historical results and management's expectations. Terronera Ramp-Up Phase Advances Toward Commercial Production: Daily production averaged 1,400 tonnes per day (tpd) in the second half of June. Metal Sales and Inventories: Sold 1,477,197 silver ounces and 7,706 gold ounces during the second quarter. A total of 242,980 silver ounces and 701 gold ounces of bullion inventory and 24,970 silver ounces and 399 gold ounces in concentrate inventory were held at June 30, 2025. Q2 2025 Mine Operations Consolidated silver production was 1,483,736 ounces in Q2 2025, in line with plan and 13% higher than Q1 2024 due to the addition of Kolpa operation into the portfolio. Excluding production from Kolpa, consolidated production was 16% lower than Q2 2024, slightly below plan, due to the 17% lower production in Guanaceví mine and 10% lower production in Bolañitos mine. Consolidated gold production was 7,755 ounces in Q2 2025, 26% lower than Q2 2024. Lower gold production was due to 34% lower production at the Bolañitos mine, and 16% lower gold production at the Guanaceví mine. In Q2 2025, Guanaceví throughput was 14% lower than Q2 2024 and silver and gold grades were 1% lower, which drove the 17% lower silver and 16% lower gold output. Guanaceví throughput and grades were in line with plan. Supplies of local third-party feed continued to supplement mine production, amounting to 21% of quarterly throughput. Bolañitos Q2 2025 throughput was 17% lower than throughput in Q2 2024, combined with 10% higher silver grades offset by 19% lower gold grades. Silver production was 10% lower than in the same period in 2024, while gold production was 34% lower. Throughput was below the plan, while silver and silver grades were consistent with plan. The grade variation is due to mining from different locations in the ore body. Since the acquisition of Kolpa on May 1, Kolpa processed 118,896 tonnes of material grading 111 grams of silver per tonne and, 3.13% lead, 2.25% zinc and 0.22% copper. These results are in line with management's expectations established at the time of acquisition and reflect the ongoing efficiency of current mining and processing activities. The Company is actively advancing integration to ensure a smooth alignment of systems, teams, and operational processes. The team remains focused on maintaining steady output and advancing Kolpa's contribution to the Company's long-term growth strategy. Consolidated1,3 Production Highlights for the Three Months Ended June 30, 2025 Three Months Ended June 30, 2025 2024 % Change Throughput (tonnes) 303,828 218,989 39% Silver ounces produced 1,483,736 1,312,572 13% Gold ounces produced 7,755 10,548 (26%) Lead tonnes produced3 3,503 - N/A Zinc tonnes produced3 2,316 - N/A Copper tonnes produced3 58 - N/A Payable silver ounces produced 1,454,412 1,303,461 12% Payable gold ounces produced 7,638 10,369 (26%) Silver equivalent ounces produced2 2,528,562 2,156,453 17% Silver ounces sold 1,477,197 1,217,569 21% Gold ounces sold 7,706 9,887 (22%) 1 Terronera pre-operating production is excluded. 2 Silver equivalent (AgEq) is calculated using 80:1 silver: gold ratio, 60:1 lead ratio, 85:1 zinc ratio and 300:1 copper ratio plus silver ounces or $30/oz silver, $2,400/oz gold, $1,800/tonne lead, $2,550/tonne zinc and $9,000/tonne copper. 3 The Kolpa acquisition closed on May 1, 2025, therefore two months of results are included in the second quarter consolidated results. Production Tables for the Three Months Ended June 30, 2025 for the Mexico Operating Mines Three Months Ended June 30, 2025 Guanacevi Bolanitos Tonnes processed 96,834 88,098 Tonnes per day 1,064 968 Silver ounces produced 997,875 105,223 Silver grade grams per tonne 362 45 Silver recovery 88.6% 82.4% Gold ounces produced 3,562 4,193 Gold grade grams per tonne 1.28 1.68 Gold recovery 89.7% 88.3% Silver Equivalent ounces produced(1, 2) 1,282,853 440,678 Totals may not add up due to rounding Production Tables for the Three Months Ended June 30, 2025 for the Peru Mine Two Months3 Ended June 30, 2025 Kolpa Tonnes processed 118,896 Tonnes per day 1,949 Silver ounces produced 380,638 Silver grade grams per tonne 111 Silver recovery % 89.4% Lead tonnes produced 3,503 Lead grade % 3.13% Lead recovery % 94.2% Zinc tonnes produced 2,316 Zinc grade % 2.25% Zinc recovery % 86.4% Copper tonnes produced 58 Copper grade % 0.22% Copper recovery % 22% Silver Equivalent ounces produced(1,2) 805,032 3 The Kolpa acquisition closed on May 1, 2025, therefore two months of results are included in the second quarter consolidated results. Totals may not add up due to rounding Terronera Update The commissioning and ramp-up of Terronera continues to progress steadily, with plant throughput gradually increasing as operational bottlenecks and system issues are identified and resolved. In June, throughput averaged 1,232 tonnes per day (tpd), with a peak single-day throughput of 1,987 tpd. Notably, throughput stabilized in the second half of the month, with daily production averaging 1,400 tpd. After successfully processing lower-grade material to address bottlenecks and system issues, the plant has now shifted its focus to refining operations, including processing higher grade ore to achieve planned metal recoveries. Management expects to gradually ramp up throughput to design capacity in early Q3. During commissioning of the plant, the underground mine has continued with mine development and stope preparation. Surface stockpiles are limited and at capacity at this time. As of the end of June, Terronera had produced and sold a cumulative 598 tonnes of concentrate, generating approximately $3 million in revenue. About Endeavour Silver Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and Peru, and the development of its new cornerstone mine, Terronera, the Company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. Qualified Person Dale Mah, Vice President Corporate Development, a qualified person under NI 43-101, has approved the scientific and technical information related to operations matters in this news release. Q2 2025 Financial Results and Conference Call Q2 2025 financial results will be released before market open on Wednesday August 13, 2025, and Management will host a conference call the same day at 10:00 a.m. PT / 1:00 p.m. ET to discuss the results. Date: Wednesday August 13, 2025 Time: 10:00am PT / 1:00pm ET Telephone: Canada & US + 1-833-752-3348 International + 1-647-846-2804 Replay: Canada & US +1- 855-669-9658 International +1-412-317-0088 Access code is 6575935; audio replay will be available on the Company's website Contact Information Allison PettitDirector, Investor RelationsEmail: apettit@ Website: Cautionary Note Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour's preparation to bring Terronera into production and timing related thereto; output trends and integration at Kolpa, Kolpa's contribution to Endeavour's long-term growth strategy and Endeavour's anticipated performance for upcoming financial quarters. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to unexpected changes in production and costs guidance; the ongoing effects of inflation and supply chain issues on the Terronera Project economics; changes in national and local governments' legislation, taxation, controls, regulations and political or economic developments in Canada, Chile, the USA, Mexico and Peru; financial risks due to precious metals prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining (including, but not limited to environmental hazards, industrial accidents, unusual or unexpected geological conditions, pressures, cave-ins and flooding); inadequate insurance, or inability to obtain insurance; availability of and costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; diminishing quantities or grades of mineral reserves as properties are mined; risks in obtaining necessary licenses and permits; fluctuations in the prices of silver and gold; fluctuations in currency markets (particularly the Mexican peso, Peruvian sol, Chilean peso, Canadian dollar and U.S. dollar); and challenges to the Company's title to properties; as well as those factors described in the section 'Risk Factors' contained in the Company's most recent form 40F/Annual Information Form and the Prospectus Supplement Dated April 3, 2025 filed with the S.E.C. and Canadian securities regulatory authorities. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's mining operations, no material adverse change in the market price of commodities, forecasted mine economics, mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or in to access your portfolio
