Endeavour Silver Starts Commercial Production at Terronera

Core Insights - Endeavour Silver Corp. has achieved commercial production at its Terronera mine in Jalisco, Mexico, effective October 1, 2025, marking a significant milestone for the company as a mid-tier silver producer with a strong foundation for growth [1][9] Production Performance - The Terronera mine has consistently operated above 90% of its designed capacity of 2,000 tons per day, with metal recoveries at or above 90% since mid-August 2025, demonstrating operational strength and efficiency [2][9] - In Q3 2025, Endeavour Silver produced 3.04 million silver equivalent ounces, an 88% increase year-over-year, driven by the addition of the Kolpa operation and steady results from legacy mines [3] - Consolidated silver production rose 102% year-over-year to 1.77 million ounces in Q3 2025, while excluding Kolpa, production increased by 34% year-over-year [4][9] - Total gold production in Q3 2025 fell 22% year-over-year to 7,286 ounces [4] Industry Comparisons - Avino Silver & Gold Mines Ltd. produced 580,780 silver equivalent ounces in Q3 2025, a 13% decrease year-over-year, but aligned with expectations due to routine mine sequencing [5] - First Majestic Silver Corp. reported total production of 7.7 million silver equivalent ounces in Q3 2025, a 39% year-over-year increase, attributed to a 96% surge in silver production [7] - Buenaventura Mining produced 4,278,658 ounces of silver in Q3 2025, reflecting a 1% year-over-year rise, while gold production from direct operations decreased to 30,894 ounces [8]