Endeavor(EDR)
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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].
Endeavour Silver Announces 2025 Annual General Meeting Voting Results and Retirement of Ricardo Campoy
Globenewswire· 2025-06-03 21:39
Group 1 - Endeavour Silver Corp. held its 2025 Annual General Meeting where shareholders voted in favor of all items of business, with a total of 137,600,042 votes cast, representing 50.23% of outstanding common shares [1] - All director nominees were re-elected, with the following voting results: Rex J. McLennan received 82.59% in favor, Margaret M. Beck 98.83%, Daniel Dickson 99.22%, Amy Jacobsen 99.06%, Angela Johnson 98.08%, Kenneth Pickering 84.05%, and Mario D. Szotlender 98.34% [1] - Shareholders voted 98.50% in favor of setting the number of directors at seven and 86.58% in favor of re-appointing KPMG LLP as auditor [2] Group 2 - Ricardo Campoy retired after 14 years on the Board, and the Company expressed gratitude for his leadership and contributions [3] - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and is developing a new cornerstone mine in Jalisco state [4] - The Company has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [4]
Endeavour Silver Continues to Confirm High-Grade Structures During its 2024/2025 Drill Program at Pitarrilla
Globenewswire· 2025-06-03 10:50
Core Viewpoint - Endeavour Silver Corp. reported positive drill results from its Pitarrilla project in Durango, Mexico, indicating high-grade silver, zinc, and lead mineralization, which enhances confidence in upgrading existing mineral resources [1][21][22]. Drill Results Summary - Significant drill results from the Pitarrilla project include: - Hole BPU-022: 129 gpt Ag, 0.84% Pb, and 2.55% Zn for 242 gpt AgEq over 247 m, with high-grade intervals of 716 gpt Ag, 4.19% Pb, and 6.61% Zn for 1,062 gpt AgEq over 1.00 m [4][14]. - Hole BPD-505: 1,127 gpt Ag, 1.40% Pb, and 4.36% Zn for 1,319 gpt AgEq over 2.08 m ETW, including 4,630 gpt Ag, 2.26% Pb, and 3.49% Zn for 4,814 gpt AgEq over 0.20 m ETW [7][12]. - Hole BPD-506: 893 gpt Ag, 2.06% Pb, and 2.56% Zn for 1,038 gpt AgEq over 3.97 m ETW, with a notable interval of 5,090 gpt Ag, 9.22% Pb, and 0.84% Zn for 5,363 gpt AgEq over 0.23 m ETW [7][12]. Geological Context - The Pitarrilla deposit features three mineralized domains and at least four identified sulphide mineralized veins (Casas Blancas, Victoria, Danna, and Palmito) [5][6]. - The mineralized structures extend from below marine sediments through Manto Pitarrilla into the upper volcanics, remaining open at depth [6][21]. Project Overview - The Pitarrilla project is a large undeveloped silver, lead, and zinc project located 160 kilometers north of Durango City, covering 4,752 hectares across five concessions [23]. - The project has significant infrastructure and key permits in place for underground mining and development, including water use and discharge, explosives use, and soil change [23]. Company Background - 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 [24].
Endeavour Silver Announces Q1 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today
Globenewswire· 2025-05-13 10:50
Core Viewpoint - Endeavour Silver Corp. reported strong financial and operational results for Q1 2025, driven by higher realized prices for silver and gold, despite a decrease in production volumes [2][4]. Financial Overview - Silver ounces produced decreased by 17% to 1,205,793 ounces compared to Q1 2024, while gold ounces produced fell by 18% to 8,338 ounces [4][10]. - Revenue remained relatively stable at $63.5 million, a slight decrease of 0% from $63.7 million in Q1 2024, despite a 30% drop in silver ounces sold [4][10]. - The realized silver price increased by 36% to $31.99 per ounce, and the realized gold price rose by 37% to $2,903 per ounce [4][10]. Production and Operating Costs - Cash costs per silver ounce rose by 20% to $15.89, while all-in sustaining costs increased by 14% to $24.48 per ounce [4][9]. - Direct operating costs per tonne increased by 6% to $142.72, attributed to lower throughput [8][10]. Earnings and Cash Flow - The company reported a net loss of $32.9 million for the quarter, a significant increase from a loss of $1.2 million in Q1 2024 [6][13]. - Mine operating cash flow before working capital changes was $8.3 million, down 18% from the previous year [5][10]. Liquidity and Investments - Endeavour maintained a strong liquidity position with cash of $64.7 million and working capital of $14.8 million [5][10]. - The company completed the acquisition of Minera Kolpa and closed a $50 million equity financing to fund this acquisition [5][10]. Future Outlook - The company is well-positioned for sustainable growth with the addition of the Kolpa project and the upcoming Terronera project [2][5].
Endeavor Bancorp Declares 2% Stock Dividend
GlobeNewswire News Room· 2025-05-09 13:00
Core Points - Endeavor Bancorp has declared a 2% stock dividend to be distributed on May 22, 2025, to shareholders of record on May 9, 2025 [1][2] - Shareholders will receive two additional shares for every 100 shares owned, with cash payments for fractional shares based on fair value [2] - The CEO expressed satisfaction in providing a stock dividend as a means to enhance trading liquidity by increasing the number of shares available [3] Company Overview - Endeavor Bancorp is primarily owned and operated by Southern Californians, focusing on local decision-making and relationships with local clients [3][4] - The bank provides traditional business banking services across various industries, utilizing a consultative banking approach to partner with clients [4] - Endeavor Bank is rated Five-Star "Superior" by Bauer Financial and received an A rating from DepositAccounts.com for strong financial performance [5] Shareholder Communication - The company is encouraging shareholders to update their contact information to receive timely updates and invitations to networking events [6]