Endeavour Silver Q2 Earnings Miss Estimates, Revenues Increase 46% Y/Y

Financial Performance - Endeavour Silver Corporation (EXK) reported an adjusted loss of 3 cents per share for Q2 2025, compared to break-even earnings in the same quarter of the previous year, missing the Zacks Consensus Estimate of earnings of 1 cent per share [1] - Including one-time items, EXK reported a loss of 7 cents per share in Q2 2025, compared to a loss of 6 cents in Q2 2024 [1] - Revenues improved by 46% to $85 million from $58 million in Q2 2024, exceeding the Zacks Consensus Estimate of $80 million [2] - The company recorded a mine-operating profit of $7.7 million in Q2 2025, down from $10.2 million in Q2 2024 [5] - Adjusted EBITDA was $10.8 million, reflecting a 10% decline from $11.9 million in the year-ago quarter [5] Production and Sales - EXK sold 1.46 million ounces of silver in Q2 2025, a 20% increase year over year, while gold sales decreased by 22% to 7,706 ounces [3][8] - The average realized silver price was $32.95 per ounce, up 14% year over year, and the average realized gold price increased by 40% to $3,320 per ounce [3] - Total silver-equivalent production was 2.5 million ounces, a 17% increase from the previous year, driven by the addition of the Kolpa operation [7][10] - Cash costs per silver ounce rose by 14% to $15.35, while total production costs per ounce increased by 23% to $25.25 [4] Financial Position - At the end of Q2 2025, the company had $52.5 million in cash on hand, with cash generated from operating activities around $21.5 million, compared to $12 million in Q2 2024 [6] Market Performance - Shares of Endeavour Silver have surged by 72.4% over the past year, outperforming the industry's growth of 36.9% [11]