Endeavour Sil Stock Price, News & Analysis

Endeavour Silver (NYSE: EXK) priced an offering of unsecured convertible senior notes due 2031, targeting US$300 million aggregate principal (up to US$350 million if the US$50 million initial purchaser option is fully exercised).

The Notes pay 0.25% cash interest semi-annually, have an initial conversion rate of 80.2890 shares per US$1,000 (approximate conversion price US$12.4550 per share, ~32.5% premium to the NYSE close), and are expected to close on or about December 4, 2025, subject to customary conditions and TSX/NYSE approvals.

Net proceeds are intended to repay the company’s senior secured credit facility, advance the Pitarrilla project in Durango, Mexico, and support general corporate purposes.

Endeavour Silver (NYSE: EXK) announced a private offering of US$300 million aggregate principal amount of unsecured convertible senior notes due 2031, with an initial purchaser option for an additional US$45 million.

The company intends to use net proceeds to repay its senior secured Credit Facility, advance the Pitarrilla project in Durango, Mexico, and for general corporate purposes including strategic opportunities. The Notes will pay semi-annual cash interest, be convertible into common shares, and may be redeemable or repurchaseable under certain conditions. Closing is subject to customary conditions, including TSX and NYSE approvals. The Notes and underlying shares will be offered under Rule 144A and Regulation S and will not be registered under the U.S. Securities Act.

Endeavour Silver (NYSE: EXK) entered a definitive agreement to sell the Bolañitos gold-silver mine to Guanajuato Silver (TSXV: GSVR) for up to US$50 million, comprising US$40 million base consideration (US$30M cash + US$10M in Guanajuato shares) and up to US$10 million contingent on production milestones. Closing is expected in January 2026. Contingent payments of US$5M each trigger at 2M and 4M silver-equivalent oz produced, payable 50/50 cash and shares subject to a 9.9% ownership cap. An investor rights agreement, transfer restrictions on shares, customary conditions and a reciprocal US$2.5M termination fee apply.

Endeavour Silver (NYSE: EXK) reported Q3 2025 results for the quarter ended September 30, 2025, showing materially higher production, revenue and cash flow alongside a reported net loss.

Key metrics: silver equivalent production of 3.04M oz (up 88% y/y), revenue from operations of $111.4M, mine operating cash flow before taxes of $39.7M, adjusted EBITDA of $28.2M, and cash of $57.0M. The company announced Terronera reached commercial production effective Oct 1, 2025.

Offsetting positives were a $42.0M net loss driven by a $39.0M derivative loss, higher cash costs per payable silver ounce of $18.09 (up 59% y/y), and working capital of ($56.1M).

Endeavour Silver (NYSE: EXK) declared commercial production at the Terronera mine in Jalisco, Mexico, effective October 1, 2025.

During commissioning Terronera consistently exceeded 90% of its 2,000 tpd nameplate capacity and achieved at least 90% of projected metal recoveries, operating 100 days since July 1, 2025 with eight downtime days. The company forecasts ~360,000 tonnes throughput over the next six months with average grades of 122 g/t Ag and 2.52 g/t Au. Management plans to publish annualized 2026 production and cost guidance in January 2026.

Endeavour Silver (NYSE: EXK) reported Q3 2025 production of 1,766,926 oz silver and 7,286 oz gold, with consolidated 3.04 million AgEq oz. Tonnes processed rose to 400,245 in Q3 (129% vs Q3 2024) largely reflecting the May 1, 2025 Kolpa acquisition. Metal sales were 1,762,484 oz silver and 7,478 oz gold, with bullion and concentrate inventories noted at September 30, 2025.

Operational highlights: Kolpa contributed ~598,689 oz silver in Q3; Terronera achieved September recoveries of 82.8% silver and 72.3% gold as throughput exceeded 1,800 tpd while returning to operations after a six‑day SAG mill outage.

Endeavour Silver (NYSE: EXK) has announced significant drill results from its ongoing exploration program at the Kolpa Mine in Peru. The company intersected high-grade mineralization, including notable results of 247 gpt Ag, 0.77% Pb, 10.70% Zn and 0.55% Cu over 8.20 metres in hole DDH-H1-25-88, and 266 gpt Ag, 1.34% Pb, 4.73% Zn and 0.23% Cu over 5.15 metres in hole DDH-H1-25-92.

The exploration focused on the Poderosa West and Caudalosa Chica veins within Corridor 3. The Poderosa West vein has been mapped at surface for approximately 2.5 kilometers, with 14 drill holes completed totaling 2,343 meters. The company plans to resume drilling in late Q4 2025 and is developing new underground drill stations for further step-out drilling.

Silver miners are experiencing a significant upward trend as silver approaches a potential $40 breakout level. Industrial demand is driving momentum, with fabrication volumes expected to exceed 700 million ounces in 2025. Major investment banks including Citigroup, Bank of America, and Saxo Bank have set $40 price targets for silver, citing supply deficits and increasing demand from renewable energy and electronics sectors.

Magma Silver Corp. (TSXV: MGMA) has announced plans for a Q4 2025 diamond drilling campaign at its Niñobamba project in Peru. The company has secured crucial access rights through 2026 and established a Lima office with a local operational team. The project encompasses 4,100 hectares with three contiguous deposits, building on previous exploration work by Newmont that yielded significant results including 17.4 metres of 3.06 g/t gold and 128 metres of 1.31 oz/t silver.

Endeavour Silver (NYSE:EXK) reported Q2 2025 financial results, showing a 46% increase in revenue to $85.3 million. The company produced 1.48 million ounces of silver and 7,755 ounces of gold, resulting in 2.5 million silver equivalent ounces, a 13% increase year-over-year.

Key operational metrics include cash costs of $15.35 per silver ounce and all-in sustaining costs of $25.16 per ounce. The quarter was marked by the completion of the Minera Kolpa acquisition and progress at Terronera, which is approaching commercial production. However, the company reported a net loss of $20.5 million, impacted by Terronera's commissioning phase and acquisition costs.

The company ended Q2 with a robust cash position of $52.5 million and secured an additional $15 million credit facility for Terronera.