Endeavour Sil Stock Price, News & Analysis

Endeavour Silver (NYSE: EXK) has announced its 2025 guidance for Guanaceví and Bolañitos operations. The company expects silver production of 4.5-5.2 million ounces and gold production of 30,500-34,000 ounces, totaling 7.0-7.9 million silver equivalent ounces.

Consolidated cash costs are estimated at $16.00-$17.00 per silver ounce, with all-in sustaining costs (AISC) of $25.00-26.00 per silver ounce. The company plans to invest $33.6 million in sustaining capital at its two operating mines and $11.7 million in growth capital, including $9.1 million for the Pitarrilla project.

For 2025, Guanaceví's plant throughput is estimated at 1,000-1,100 tonnes per day, while Bolañitos is expected to process 1,100-1,200 tonnes per day. The company also plans to conduct 20,500 meters of exploration drilling across various projects with a total exploration budget of $6.5 million.

Endeavour Silver (NYSE: EXK) reported its full year 2024 production results, achieving 4,471,824 silver ounces and 39,047 gold ounces, equivalent to 7.6 million silver equivalent ounces. The fourth quarter saw production of 824,529 silver oz and 9,075 gold oz.

The company faced operational challenges at Guanaceví due to a trunnion failure in August, which reduced capacity for 15 weeks. Operations resumed full capacity of 1,200 tonnes per day in December after a US$400,000 repair. Q4 consolidated silver production decreased 41% compared to Q4 2023, while gold production decreased by 6%.

The company completed a US$73 million bought deal financing, with proceeds allocated for working capital and advancing the Pitarrilla Project. Metal sales for Q4 included 654,519 silver oz and 8,343 gold oz, with year-end inventory of 276,477 silver oz and 1,220 gold oz in bullion, plus additional concentrate inventory.

Endeavour Silver (NYSE: EXK; TSX: EDR) reported delays at its Terronera project due to critical structural steel delivery issues in December, impacting construction progress and commissioning timelines. As a cost-saving measure, the company reduced its workforce from December 20, 2024, to January 6, 2025.

The wet commissioning is now expected in early Q2 2025. Despite delays, the tailings dam is ready, and dry commissioning of the upper platform continues. The grinding circuit testing has been successful, with SAG and ball mills tested at full operating speed. Above-ground ore stockpiles are approaching capacity, while mine development continues.

Management will provide a detailed Q4 construction update later in January, including a photo gallery and updated site overhead costs for Q1 2025.

Endeavour Silver (NYSE: EXK; TSX: EDR) has successfully completed the installation of its primary ball mill trunnion at the Guanaceví mine, returning operations to full capacity. Following a trunnion failure in August, the facility operated at reduced capacity of 620 tonnes per day (tpd) for 15 weeks. The new trunnion, installed on November 30 with subsequent alignment testing, has restored the plant to its designed capacity of 1,200 tpd. The total cost for fabrication and installation amounted to just over US$400,000.

Endeavour Silver (TSX: EDR, NYSE: EXK) has successfully completed its previously announced prospectus offering, raising US$72.8 million through the issuance of 15,825,000 common shares at US$4.60 per share. The offering was led by BMO Capital Markets along with a syndicate of underwriters including CIBC World Markets, TD Securities, Ventum Financial Corp., and H.C. Wainwright & Co. The company intends to use the net proceeds to advance its Pitarrilla project in Durango State, Mexico, and for general working capital purposes.

Endeavour Silver provides an update on its Pitarrilla project exploration and evaluation initiatives. The company has extended an underground ramp over 1.3 kilometers and identified four main feeder structures: Palmito, Danna, Victoria, and Casas Blancas veins. Nine diamond drill holes have been completed, confirming management's geological interpretation and potential for underground bulk tonnage mining. The feeder veins show vertical extent of 600-800 meters and strike lengths approaching 700 meters. Engineering firms including SGS Canada, JDS Energy & Mining, and others have been retained to begin preliminary work, aiming for an economic study by end of 2025.

Endeavour Silver (EXK) reported Q3 2024 financial results, with revenue of $53.4 million from selling 1,017,392 oz silver and 9,412 oz gold at average realized prices of $29.63 and $2,528 per oz respectively. Production decreased due to a trunnion failure at Guanaceví mine, resulting in Q3 production of 874,717 silver oz and 9,290 gold oz. The company reported a net loss of $17.3 million but adjusted income of $1.6 million.

The Terronera project reached 77% completion, with $258 million spent of the $271 million budget, remaining on track for commissioning in Q4 2024. The company maintains a cash position of $54.9 million and working capital of $29.4 million.

Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has provided a Q3 2024 construction progress update for its Terronera Project in Jalisco, Mexico. The project has reached 77% overall completion, with surface mill and infrastructure construction at 90%. Key highlights include:

- $258 million spent to date, with $270 million committed out of the $271 million budget
- Underground development totaling 5,544 metres
- Primary jaw crusher commissioned in August
- Tailing Storage Facility progressing with underdrain embankment fill and pipe installation
- Workforce increased to over 250 Endeavour employees and 800 contract workers

The project is on track to begin commissioning systems near the end of Q4 2024, with focus on installing tailing and concentrate filters, and completing grinding, flotation, and thickening systems.

Endeavour Silver Corp. reported Q3 2024 production of 874,717 silver ounces and 9,290 gold ounces, totaling 1.6 million silver equivalent ounces. Year-to-date production of 6.0 million AgEq ounces is on track to meet 2024 guidance of 7.3-7.6 million AgEq ounces. Production at Guanaceví was impacted by a trunnion failure in the primary ball mill, reducing output in August and September. The company expects full operations to resume in December 2024. Bolañitos results remained consistent with slightly higher gold grades and lower silver grades. Metal sales for Q3 included 1,017,392 silver ounces and 9,412 gold ounces. The company drew down $25 million from its Terronera debt facility during Q3, with a final $35 million drawdown after quarter-end.