EXK Posts High Grade Drill Results at Kolpa Mine: Solid Upside Ahead?

Core Insights - Endeavour Silver Corp. (EXK) reported positive drill results from its Kolpa Mine in Peru, which is expected to contribute 5 million silver equivalent ounces annually to production, positioning the company as a senior silver producer [1][8] Exploration and Drilling Results - The Poderosa West vein has been mapped for approximately 2.5 kilometers, with significant drill results including hole DDH-H1-25-88 showing 247 grams per ton of silver and hole DDH-H1-25-92 showing 266 grams per ton of silver [2][3] - The Caudalosa Chica vein has been mapped for over 1.5 kilometers, with two of three drill holes intersecting significant mineralization [3] - Endeavour Silver is evaluating surface exploration and drill results to develop a systematic exploration strategy, with ongoing underground development at Poderosa West facilitating access to new drill stations [3] Mine Acquisition and Production - Endeavour Silver acquired the Kolpa Mine for $145 million in April, increasing its producing mines to three and marking its entry into Peru [4] - Kolpa Mine has 143 mining rights covering 25,177 hectares and has been in continuous production for over 25 years, with a concentrator plant capacity of 1,800 tons per day, expandable to 2,500 tons per day [5] Production Metrics - In Q2 2025, Endeavour Silver produced 2.5 million silver-equivalent ounces, a 17% increase year-over-year, attributed to the Kolpa operation [6] - Consolidated silver production rose 13% year-over-year to 1.484 million ounces [6] Industry Comparison - Endeavour Silver's peers, including Avino Silver & Gold Mines, First Majestic Silver, and Pan American Silver, reported varying production results, with First Majestic showing a 48% year-over-year increase in silver-equivalent production [8][9][11]