Endeavour Silver(EXK)
Search documents
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
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].