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Top 3 Silver Picks to Watch as Bull Market Gains Steam
MarketBeat· 2025-06-18 17:29
Group 1: Silver Market Overview - Silver has recently surpassed $37 per ounce, indicating a potential upward trend with minimal resistance until it reaches an all-time high of around $50 [1] - The supply-demand dynamics are critical, with analysts noting that silver mining production has not kept pace with increasing demand, leading to concerns about the availability of silver for extraction [2] - The silver-gold ratio is currently about 91, which is historically high, making silver an attractive investment compared to gold [3] Group 2: Investment Opportunities in Silver - Investors can gain exposure to silver through various means, including physical silver, exchange-traded funds (ETFs), and mining stocks [4] - Pan American Silver Corp. (NYSE: PAAS) is the world's fifth-largest silver producer, with a 12-month stock price forecast of $30.60, indicating a 5.21% upside potential [5] - Endeavour Silver Corp. (NYSE: EXK) is another notable mining company, with a 12-month stock price forecast of $6.83, representing a 36.89% upside potential [9] Group 3: Company Performance and Projections - Pan American Silver's stock price increased by 44.8% in 2025, driven by its acquisition of MAG Silver Corporation for $2.1 billion, which is expected to enhance its production capabilities [6] - Endeavour Silver's stock has also risen over 49% in the last month, with expectations to double its silver equivalent production from its flagship Terronera mine in 2025-2026 [10][11] - Both companies operate in Mexico, with Endeavour being significantly smaller than Pan American, having a market cap of just over $1 billion [12] Group 4: iShares Silver Trust - The iShares Silver Trust (NYSEARCA: SLV) tracks physical silver and has assets under management of $17.48 billion, with a current price of $33.50 [13][14] - The fund's performance mirrors the spot price of silver, having increased by 28.4% as of June 17, which aligns with the growth in silver prices [15] - Despite a 0.5% expense ratio, the iShares Silver Trust remains a viable option for investors seeking exposure to silver without the challenges of physical ownership [15]
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 News Room· 2025-06-03 10:50
Core Insights - 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][22]. Drill Results - Significant drill results from the Danna vein include a wide mineralized interval of 7.4 meters with grades of up to 1,127 grams per tonne (gpt) silver, 1.40% lead, and 4.36% zinc, translating to 1,319 gpt silver equivalent (AgEq) over 2.08 meters estimated true width (ETW) [7]. - Drill hole BPU-022 intersected 247 meters of apparent width with 254 gpt AgEq, with true width estimated at approximately 400 meters wide and up to 100 meters high in some areas [10][15]. - The Manto Pitarrilla structure showed high-grade intervals, including 2,680 gpt silver, 24.03% lead, and 18.90% zinc for 3,987 gpt AgEq over 0.60 meters in hole BPU-022 [4][15]. Geological Context - The Pitarrilla deposit consists of three mineralized domains and at least four identified sulphide mineralized veins, with structures extending from below marine sediments through Manto Pitarrilla into upper volcanics [5][6]. - The geological re-logging of historical drill core has improved understanding of the deposit's geology and mineralization controls, focusing on high-grade feeder structures believed to be the main conduits for mineralization [22][23]. 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, with significant infrastructure and key permits already in place for underground mining and development [24].
EXK Reports Break-Even Earnings for Q1, Low Volumes Offset Price Gains
ZACKS· 2025-05-14 18:21
Endeavour Silver Corporation (EXK) reported break-even earnings per share in the first quarter of 2025. The bottom line, however, missed the Zacks Consensus Estimate of earnings of three cents per share. Including one-time items, EXK reported a loss of 13 cents per share in the first quarter of 2025 compared with a loss of one cent in the first quarter of 2024. Endeavour Silver’s Q1 Revenues Flat Y/YThe company’s revenues were flat year over year at $64 million as gains from higher prices for silver and gol ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:02
Endeavour Silver (EXK) Q1 2025 Earnings Call May 13, 2025 01:00 PM ET Company Participants Allison Pettit - Director of Investor RelationsDan Dickson - CEO & DirectorDonald Gray - Chief Operating OfficerWayne Lam - Director - Mining ResearchElizabeth Senez - Chief Financial OfficerHeiko Ihle - MD & Equity Research Conference Call Participants Nick Giles - Senior Research Analyst Operator you for standing by. This is the conference operator. Welcome to the Endeavor Silver First Quarter twenty twenty five Fin ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:00
Financial Data and Key Metrics Changes - In Q1 2025, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [4] - Revenue for the quarter was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [5] - The company reported a net loss of $32,900,000, primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [5] - Cash costs were $15.89 per ounce of silver, and all-in sustaining costs were $24.48 net of gold credits, both slightly below annual guidance [6] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000, reflecting a decrease from December 31, 2024 [6] Business Line Data and Key Metrics Changes - Guanacevi and Bolanitos performed in line with expectations, while Terronera is nearing completion and has started producing concentrate [4] - The acquisition of the Copa mine in Peru is expected to enhance the production profile significantly, with an annual production estimate of 5,000,000 silver equivalent ounces [8][10] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all producing assets [10] Company Strategy and Development Direction - Terronera is viewed as a transformational asset that will redefine the company's growth trajectory, with a projected mine life of over a decade [7] - The company aims to build a scalable silver-dominant asset base, leveraging technical expertise and development capabilities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the commissioning of Terronera and its potential impact on the business [7] - The company is closely monitoring cash balances and working capital requirements during the ramp-up phase, emphasizing the importance of achieving commercial production [29] Other Important Information - The company is validating and updating historical resource estimates for the Copa mine, with a significant exploration budget planned [39][40] Q&A Session Summary Question: What is needed for confidence in the ramp-up guidance for Terronera? - Management indicated that consistent throughput and production are critical before providing formal guidance on costs and production timelines [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that the commissioning process involves a systematic approach to check systems and ensure everything is running smoothly [15][18] Question: What is the capital intensity for throughput expansion at Copa? - The estimated capital intensity for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12 million to $16 million [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management expressed confidence in the cash balance of $65,000,000 and working capital of $15,000,000, while acknowledging the high-stress phase of the project [26][28] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues for commissioning, although they do not have complete data for April yet [33][35] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant exploration budget and plans to focus on previously discovered veins and new opportunities [39][40]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Endeavour Silver Corp. – EXK
GlobeNewswire News Room· 2025-05-13 17:23
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 1 ...
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Presentation
2025-05-13 11:41
Growth on the Horizon November 2024 May 2025 www.edrsilver.com TSX: EDR | NYSE: EXK TSX: EDR | NYSE: EXK www.edrsilver.com TSE: EDR | NYSE: EXK Cautionary Note This presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour's acq ...
Endeavour Silver Completes Acquisition of Minera Kolpa
Globenewswire· 2025-05-01 21:00
Core Viewpoint - Endeavour Silver Corp. has successfully completed the acquisition of Compañia Minera Kolpa S.A. and its main asset, the Huachocolpa Uno Mine, for a total consideration of $145 million [1][2]. Acquisition Details - The acquisition includes $80 million in cash and $65 million in common shares, with potential additional contingent payments of up to $10 million [2]. - Endeavour will also assume approximately $20 million in net debt from Minera Kolpa [2]. Financing - The company closed a $35 million copper stream with Versamet Royalties Corporation to fund the cash component of the acquisition [3]. - Additionally, a $50 million bought deal equity financing was previously announced to support the acquisition [3]. About Kolpa Mine - The Huachocolpa Uno Mine has over 25 years of continuous production and currently operates at a capacity of 1,800 tonnes per day (tpd) [4]. - In 2024, the mine produced 2.0 million ounces of silver and in Q1 2025, it produced 567,269 ounces of silver [4]. - The mine is expected to expand its capacity to 2,500 tpd, with an environmental permit obtained for this expansion [5]. Capital Expenditures - Sustaining capital for the remainder of the year is estimated at $13 million, which includes various infrastructure projects [5]. - An $8 million exploration program is planned to further define and expand recent discoveries [6]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru [7]. - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in multiple countries [7].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Endeavour Silver Corp. - EXK
GlobeNewswire News Room· 2025-04-29 15:13
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Apr ...