Endeavour Silver(EXK)

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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
Financial Data and Key Metrics Changes - In Q1, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [5] - Revenue reported was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [6] - The company reported a net loss of $32,900,000 primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [6] - Excluding mark to market adjustments, the adjusted loss was $200,000 compared to income of $300,000 in Q1 2024 [7] - 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 [7] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000 [7] 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 [5] - The addition of Terronera is expected to significantly enhance the company's production profile [5][8] - The Copa mine acquisition is anticipated to enhance the production profile with significant exploration upside [9] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all assets [10] Company Strategy and Development Direction - The company is focused on ramping up production at Terronera and aims to reach commercial production as soon as possible [46] - The acquisition of Copa aligns with the strategy of building a scalable silver-dominant asset base [9] - The company plans to validate and update historical resource estimates at Copa while leveraging technical expertise for exploration [9][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ramp-up of Terronera, emphasizing the importance of consistent throughput [12] - The company is monitoring cash balances closely during the ramp-up phase, indicating a high-stress environment [29] - Management highlighted the need for sufficient liquidity and the potential for refinancing once commercial production is declared [30] Other Important Information - The commissioning phase at Terronera is ongoing, with operational guidance to be provided as ramp-up progresses [8] - The company has a $12,000,000 exploration program planned for Copa over the next 24 months [42] Q&A Session Summary Question: What do you need to see in the ramp-up to provide formal guidance on costs? - Management indicated that consistent throughput is essential before providing production guidance, with a planned ramp-up of about 90 days [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that commissioning is a start-and-stop process, focusing on system checks and ensuring all components are functioning well [16][18] Question: What is the capital intensity for the throughput expansion at Copa? - The estimated cost for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12,000,000 to $16,000,000 [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management stated that the cash balance of $65,000,000 feels healthy, but they are closely monitoring cash flow during the ramp-up [28][29] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues as they work through the commissioning process, although they expect a loss during this phase [34][36] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant budget for exploration and mentioned a new discovery on a vein called Porta Rosa, with plans to validate historical resources [40][42]
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
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Endeavour Silver Corp and its officers or directors [1]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Endeavour Silver Corp and is looking into allegations of securities fraud [1]. - Investors are encouraged to contact Pomerantz LLP for more information regarding the investigation [1]. Group 2: Recent Company Actions - On April 1, 2025, Endeavour announced an upsized bought deal of common shares, with underwriters agreeing to purchase 11,600,000 shares at a price of US$3.88 per share, resulting in gross proceeds of approximately US$45 million [3]. - Following the announcement of the upsized deal, Endeavour's stock price decreased by $0.49 per share, or 11.48%, closing at $3.78 per share on the same day [3].
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 ...
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 ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Endeavour Silver Corp. - EXK
GlobeNewswire News Room· 2025-04-25 17:14
NEW YORK, April 25, 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 ...
Endeavour Silver (EXK) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-04-25 17:00
Endeavour Silver (EXK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual in ...
Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option
Globenewswire· 2025-04-16 12:24
Core Viewpoint - Endeavour Silver Corp. successfully closed a prospectus offering, raising approximately US$50 million, which will be used to fund the acquisition of Compañia Minera Kolpa S.A. and its Huachocolpa Uno Mine [1][3]. Group 1: Offering Details - The offering closed on April 8, 2025, and included an over-allotment option exercised in full, resulting in the purchase of an additional 1,285,000 common shares at US$3.88 each, generating additional gross proceeds of US$4,985,800 [1]. - The total gross proceeds from the offering amount to approximately US$50 million [1]. Group 2: Acquisition Plans - The net proceeds from the offering will primarily fund the acquisition of all outstanding shares of Compañia Minera Kolpa S.A. for a total consideration of US$145 million [3]. - The closing of the acquisition is subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange, and is expected to occur within 60 days [4]. Group 3: Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable and responsible mining practices, with operations in Mexico and a new mine development in Jalisco State [5]. - The company also has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [5].
Endeavour Silver's Q1 Silver Equivalent Production Declines 17% Y/Y
ZACKS· 2025-04-10 17:10
Endeavour Silver Corporation (EXK) produced 1.9 million silver equivalent ounces in the first quarter of 2025. This reflected a 17% decrease from the year-ago quarter due to reduced silver production at the Guanaceví mine, which offset higher silver output at Bolañitos.Endeavour Silver’s Production Performance in Q1Consolidated silver production was down 17% year over year to 1,205,793 ounces, attributed to lower output at Guanacevi. This was partially offset by higher production at the Bolanitos mine. Guan ...