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Endeavour Silver Announces Commercial Production at Terronera
Globenewswire· 2025-10-16 10:50
Core Viewpoint - Endeavour Silver Corp. has achieved commercial production at the Terronera mine in Jalisco, Mexico, effective October 1, 2025, marking a significant milestone for the company [1][4]. Production and Operations - The Terronera mine has successfully ramped up operations, consistently exceeding 90% of its designed capacity of 2,000 tonnes per day and achieving at least 90% of projected metal recoveries during the commissioning phase [2]. - Since July 1, 2025, the mine has operated for 100 days with only eight days of downtime, demonstrating strong metal recoveries since mid-August [3]. Future Outlook - The company forecasts throughput of approximately 360,000 tonnes over the next six months, with average grades estimated at 122 g/t silver and 2.52 g/t gold. Higher grade zones are expected to be accessed by mid-2026, which will likely enhance production further [6]. - Annualized production and cost guidance for the Terronera mine is planned to be issued in January 2026 [6]. Company Profile - Endeavour Silver is a mid-tier silver producer with four operating mines in Mexico and Peru, along with a robust pipeline of exploration projects across Mexico, Chile, and the United States. The company aims to drive organic growth and create lasting value on its path to becoming a leading senior silver producer [8].
Endeavour Silver Produces 1,766,926 Oz Silver and 7,286 Oz Gold (3.0 Million Silver Equivalent Oz) in Q3 2025 and Provides an Update on Terronera
Globenewswire· 2025-10-08 10:50
Core Viewpoint - Endeavour Silver Corp. reported strong production results for Q3 2025, with significant increases in silver production and a positive outlook for future growth as operations at the Terronera mine approach commercial production [1][2][3]. Q3 2025 Production Overview - Consolidated silver production reached 1,766,926 ounces, a 102% increase compared to Q3 2024, driven by the addition of the Kolpa mine and improved grades at Bolañitos [3][9]. - Gold production was 7,286 ounces, a 22% decrease from Q3 2024, primarily due to lower output at the Bolañitos mine [3][9]. - Silver equivalent production totaled 3.0 million ounces, reflecting a strong operational performance across the portfolio [1][9]. Mine Operations - Guanaceví's throughput increased by 48% compared to Q3 2024, despite lower silver and gold grades, resulting in a 33% increase in silver production and a 13% increase in gold production [4][11]. - Bolañitos experienced a 3% decrease in mill throughput, with silver grades 39% higher but gold grades 32% lower compared to the previous year [5][11]. - Kolpa processed 195,752 tonnes, producing 598,689 ounces of silver, contributing to a silver equivalent production of 1,286,139 ounces [6][11]. Financial and Sales Highlights - In Q3 2025, the company sold 1,762,484 silver ounces and 7,478 gold ounces, with inventories of 207,512 silver ounces and 600 gold ounces at the end of the quarter [8][9]. - For the nine months ended September 30, 2025, silver production totaled 4,456,455 ounces, a 22% increase from the same period in 2024 [10][12]. Terronera Update - The Terronera mine is nearing commercial production, achieving average recoveries of 82.8% for silver and 72.3% for gold in September [8][17]. - Operations faced temporary disruptions due to electrical issues but resumed successfully, with ongoing monitoring as the company approaches commercial production [18][19]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [20].
Endeavour Silver Intersects High-Grade Silver-Lead-Zinc Mineralization at its Kolpa Operation
Globenewswire· 2025-09-25 21:15
Core Insights - Endeavour Silver Corp. announced positive drill results from its exploration program at the Kolpa Mine in Peru, highlighting the geological potential of the area for mineralization [1][6][12] Exploration and Geological Insights - The Kolpa Mine is characterized by sub-vertical geological structures formed by the Andean Orogeny, creating significant vein systems that guide mineralization [1] - Structural pairing has been identified, enhancing the potential for mineral discovery across neighboring vein sets [2] Drilling Activities and Results - Drilling in Corridor 3 focused on the Poderosa West and Caudalosa Chica veins, with significant mineralization identified [3][4] - The Poderosa West vein has been mapped for approximately 2.5 kilometers, with 14 drill holes totaling 2,343 meters completed, intersecting significant mineralization zones [3][5] - Key drill results include: - Hole DDH-H1-25-88: 247 grams per tonne (gpt) Ag, 0.77% Pb, 10.70% Zn, and 0.55% Cu over 8.20 meters estimated true width [8] - Hole DDH-H1-25-92: 266 gpt Ag, 1.34% Pb, 4.73% Zn, and 0.23% Cu over 5.15 meters estimated true width [8] Future Plans - Management is evaluating surface exploration and recent drill results to design a systematic exploration program at the Kolpa Mine [5] - Ongoing underground development at Poderosa West will facilitate access for new underground drill stations, with drilling activity scheduled to resume in late Q4 2025 [5][6] Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [14]
Endeavor Bancorp to Present at the Financial Services Virtual Investor Conference on September 25, 2025
Globenewswire· 2025-09-24 12:35
SAN DIEGO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR), the holding company for Endeavor Bank, today announced that Steven Sefton, President, and Julie Glance, CFO, will present live at the Financial Services Virtual Investor Conference hosted by VirtualInvestorConferences.com, on September 25th, 2025. DATE: September 25th    TIME: 12:30 pm EDT LINK: REGISTER HEREAvailable for 1x1 meetings: September 25th and 30th. Sign up here This will be a live, interactive online event where invest ...
Mining Stocks make top gainers list on TSX
Investorideas.com· 2025-09-22 16:15
Core Insights - Mining stocks are leading gainers on the TSX as gold prices reach new highs, indicating a strong investor sentiment towards a commodity supercycle [3][4]. Group 1: Top Gainers - Generation Mining Limited (TSX: GENM) is trading at 0.445, gaining 0.07, which is an increase of 18.67% on a volume of 663,945 [4]. - Uranium Royalty Corp. (TSX: URC) is trading at 6.035, up 0.90, reflecting a gain of 17.41% on a volume of 464,088 [4]. - Future Mineral Resources Inc. (TSX: FMR) is trading at 0.40, up 0.05, marking a gain of 14.29% on a volume of 15,470 [4]. - Endeavour Silver Corp. (TSX: EDR) is trading at $10.545, up 1.22, which is a gain of 13.02% on a volume of 991,426 [4]. Group 2: Industry Context - The current performance of mining stocks is attributed to rising gold prices, which are driving investor interest and confidence in the mining sector [3]. - The overall market sentiment suggests a potential long-term trend towards a commodity supercycle, which could benefit mining companies significantly [3]. Group 3: Additional Resources - Investorideas.com offers a podcast titled "Exploring Mining" that features the latest news and interviews with industry experts, providing further insights into mining stocks [6]. - The platform also provides a free mining stocks directory and stock news alerts, which can be beneficial for investors looking to stay informed [6].
Endeavour Silver Announces Q2 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
GlobeNewswire News Room· 2025-08-13 10:50
Core Viewpoint - Endeavour Silver Corp. reported strong financial and operational results for Q2 2025, showcasing increased silver equivalent production, significant revenue growth, and successful integration of Minera Kolpa into its operations [2][3]. Financial Overview - Silver ounces produced in Q2 2025 reached 1,483,736, a 13% increase from 1,312,572 ounces in Q2 2024. However, gold production decreased by 26% to 7,755 ounces [5][6]. - Revenue from operations was $85.3 million, a 46% increase compared to $58.3 million in Q2 2024, driven by higher sales volumes and realized prices [6][7]. - Mine operating cash flow before working capital changes was $22.9 million, up 21% from $18.9 million in Q2 2024 [6][11]. - The company ended Q2 2025 with a consolidated cash balance of $52.5 million [6]. Production Costs - Cash costs per silver ounce increased by 14% to $15.35 in Q2 2025, while all-in sustaining costs rose by 9% to $25.16 per ounce [5][10]. - Direct operating costs per tonne were $142.00, slightly higher than $140.36 in Q2 2024, influenced by maintenance and the addition of Kolpa [7][9]. Acquisition and Growth - The acquisition of Minera Kolpa was completed on May 1, 2025, which included a $50 million equity financing to fund the cash component of the acquisition [6][12]. - The Terronera project is nearing commercial production, with increased throughput rates reported at the end of July 2025 [6][12]. Earnings and Losses - The company reported a net loss of $20.5 million for Q2 2025, compared to a net loss of $14.0 million in Q2 2024, primarily due to operating losses from the Terronera project [15][13]. - Adjusted net loss was $9.2 million, significantly higher than the adjusted net loss of $1.0 million in Q2 2024 [15][28]. Management Update - Allison Pettit has been promoted to Vice President of Investor Relations, effective August 1, 2025, to enhance the company's investor relations and communications strategies [19][20].
Endeavour Silver’s Terronera Mine Startup Advancing Well, Averaging Over 1,800 Tonnes Per Day in July
Globenewswire· 2025-08-05 10:50
Core Insights - Endeavour Silver Corp. reports steady progress at its Terronera mine in Jalisco, Mexico, with significant improvements in milling rates and recovery percentages for silver and gold [1][4]. Production and Operations - In July, a total of 57,080 tonnes were milled at the Terronera mine, averaging 1,841 tonnes per day (tpd), with current milling rates now between 1,900 and 2,000 tpd [2]. - Silver and gold recoveries since July 16 have averaged 71% and 67%, respectively, while processing lower-grade material [2]. - Higher-grade material is scheduled for processing soon, which is expected to enhance recoveries directly [3]. Management Commentary - The Chief Operating Officer expressed satisfaction with the startup progress, highlighting the team's ownership and management of early challenges [4]. - The focus is on implementing a business readiness plan to ensure successful operations of Endeavour's next core asset [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Endeavour Silver Announces At-the-Market Offering of up to US$60 Million
Globenewswire· 2025-07-10 21:42
Core Viewpoint - Endeavour Silver Corp. has entered into a sales agreement to raise up to US$60 million through the sale of common shares over approximately 24 months, utilizing various financial agents for the offering [1][2]. Group 1: Offering Details - The offering will be conducted via a prospectus supplement to the existing U.S. registration statement and Canadian short form base shelf prospectus, both dated May 27, 2025 [2]. - The common shares will be sold at market prices prevailing at the time of each sale, with no sales occurring on the Toronto Stock Exchange [1][2]. - The company will pay the agents a compensation of 2.00% of the gross sales price per common share sold under the sales agreement [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to advance the evaluation and development of the Pitarrilla and Parral properties, fund cash requirements during the ramp-up of operations at the Terronera project, assess potential acquisition opportunities, continue exploration at existing properties, and support working capital needs [3]. Group 3: Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [6].
Endeavour Silver Produces 1,483,736 Oz Silver and 7,755 Oz Gold (2.5 Million Silver Equivalent Oz) in Q2 2025
Globenewswire· 2025-07-08 11:15
Core Viewpoint - Endeavour Silver Corp. reported strong production results for Q2 2025, with a total silver equivalent production of 2.5 million ounces, driven by the integration of the Kolpa operation and steady progress at the Terronera project [1][2][3]. Q2 2025 Production Overview - Consolidated silver production reached 1,483,736 ounces, a 13% increase compared to Q1 2024, attributed to the addition of the Kolpa operation [3][9]. - Consolidated gold production was 7,755 ounces, reflecting a 26% decrease from Q2 2024, primarily due to lower output from the Bolañitos and Guanaceví mines [3][9]. - The Kolpa operation processed 118,896 tonnes of material with a silver grade of 111 grams per tonne, contributing positively to the overall production [6][12]. Mine Operations - Guanaceví mine's throughput was 14% lower than Q2 2024, with silver and gold grades down by 1%, leading to a 17% decrease in silver output and a 16% decrease in gold output [4]. - Bolañitos mine experienced a 17% reduction in throughput compared to Q2 2024, with silver production down by 10% and gold production down by 34% [5]. - The integration of Kolpa is progressing well, with production aligning with management's expectations and contributing to the company's long-term growth strategy [6][8]. Terronera Project Update - The Terronera project is advancing towards commercial production, with daily production averaging 1,400 tonnes per day in late June [8][13]. - The plant has shifted focus to refining operations and processing higher-grade ore to achieve planned metal recoveries [14]. Financial Performance - In Q2 2025, the company sold 1,477,197 silver ounces and 7,706 gold ounces, with significant bullion and concentrate inventories held at the end of the quarter [8][9]. - The company anticipates releasing its Q2 2025 financial results on August 13, 2025, followed by a conference call to discuss the results [18].
Endeavour Silver Amends and Restates Project Loan Credit Facility to Include Additional Credit Facility of US$15 Million
Globenewswire· 2025-06-24 11:48
Core Viewpoint - Endeavour Silver Corp. has amended its senior secured debt facility, increasing the principal amount to $135 million to support the commissioning of the Terronera Project in Mexico and for general working capital purposes [1][2]. Financing Details - The Credit Facility was increased by $15 million, bringing the total to $135 million [2]. - Proceeds will be utilized for completing commissioning at the Terronera Project and for general working capital [2]. Risk Management Strategy - Terronera has implemented zero cost collars to manage silver price exposure, protecting the downside at $31.00 per ounce and allowing participation in silver price appreciation up to $42.00 for approximately 968,000 silver ounces over the next twelve months [3]. Project Progress - Commissioning activities at the Terronera Project are proceeding as planned and are aligned with management's expectations [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].