ENDEAVOR ANNOUNCES RECORD EARNINGS FOR 2025
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🚀Endeavour Silver (NYSE: EXK, TSX: EDR) Delivers Transformative 2025 Results: Record Production & Revenue Amid Terronera Ramp-Up
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Endeavour Silver CRUSHED it in 2025 with massive growth, fueled by the new Terronera mine and Kolpa acquisition. Here’s the breakdown from their Q4/FY earnings call - a stellar year for this Mexico-focused silver producer! 🚀
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Q4 2025 Highlights:
Production Surge: 2.03M oz silver (+146% YoY), 13.8K oz gold (+52% YoY), totaling 3.77M oz AgEq (+143% YoY).
Terronera contributed 352K oz silver and 8.1K oz gold.
Revenue Boom: $172.6M (+309% YoY) from higher output and prices ($54.83/oz silver, $4,283/oz gold).
Earnings: Net loss of $23.8M (due to one-offs like impairments), but adjusted net earnings steady at $4.8M. EBITDA jumped 166% to $11.7M.
Costs: Cash costs $19.05/oz (+39% YoY), AISC $41.19/oz (+51% YoY) - higher due to Terronera startup and peso strength.
Cash Flow: Mine ops cash flow before taxes soared 447% to $71.7M.
Full-Year 2025 Highlights:
Record Output: 6.49M oz silver (+45% YoY), 37.2K oz gold (-5% YoY), for 11.2M oz AgEq (+48% YoY).
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Throughput up 87% to 1.46M tonnes.
Revenue Record: $467.5M (+115% YoY), driven by 36% more silver sold at $40.73/oz avg.
(Imagine what those numbers look like in 2026 with $90-$120 silver!)
(Imagine what those numbers look like in 2026 with $90-$120 silver!)
Earnings Challenge: Net loss $119.1M (from impairments/depreciation), adjusted net earnings -$6.7M.
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Mine ops earnings nearly doubled to $82.8M.
Costs: Cash costs $17.34/oz (+34%), AISC $31.52/oz (+32%) - impacted by inflation and ramp-up.
Strong Balance Sheet: Ended with $215.4M cash, $156.3M mine ops cash flow (+116% YoY). Issued $350M notes to repay debt and fund Pitarrilla.
Key Moves: Terronera hit commercial production Oct 1; acquired Kolpa (May 1); sold Bolañitos (closed Jan 2026 for $40M+); advanced Pitarrilla with $9M spent.
2026 Outlook & Notes:
No full 2026 guidance yet, but Terronera ops paused briefly due to Jalisco security/blockades - resumed Feb 25. Expect continued growth from optimized assets.
CEO Dan Dickson: “2025 was transformative… with robust production, record revenues, and strategic milestones positioning us for sustained success.”
Silver bulls, EXK’s exposure to Mexico’s silver belt shines - up 45% YoY output despite challenges.
Watch for Pitarrilla updates! #Silver #Mining #EXK
Full release: Endeavour Silver News
No full 2026 guidance yet, but Terronera ops paused briefly due to Jalisco security/blockades - resumed Feb 25. Expect continued growth from optimized assets.
CEO Dan Dickson: “2025 was transformative… with robust production, record revenues, and strategic milestones positioning us for sustained success.”
Silver bulls, EXK’s exposure to Mexico’s silver belt shines - up 45% YoY output despite challenges.
Watch for Pitarrilla updates! #Silver #Mining #EXK
Full release: Endeavour Silver News
