Globenewswire·2025-11-07 11:50Core Insights - Endeavour Silver Corp. reported strong financial and operational results for Q3 2025, with significant increases in production and revenue, highlighting operational excellence and future growth potential [2][4]. Financial Overview - Silver ounces produced in Q3 2025 reached 1,766,926, a 102% increase from Q3 2024, while gold production decreased by 22% to 7,285 ounces [4][5]. - Silver equivalent production was 3,037,156 ounces, an 88% year-over-year increase [4][5]. - Revenue from operations was $111.4 million, a 109% increase compared to $53.4 million in Q3 2024 [6]. - Operating cash flow before working capital changes was $39.7 million, up 102% from $19.6 million in Q3 2024 [6][11]. - Adjusted EBITDA for Q3 2025 was $28.2 million, compared to $13.9 million in the same quarter of 2024, reflecting higher metal prices and contributions from new operations [5][6]. Production Costs - Cash costs per silver ounce were $18.09, a 59% increase from $11.35 in Q3 2024, driven by higher royalties and costs of third-party materials [9][10]. - All-in sustaining costs (AISC) per ounce rose to $30.53, an 18% increase from $25.82 in Q3 2024, influenced by higher corporate costs and cash costs [10][11]. - Direct operating costs per tonne increased to $144.88, slightly higher than $138.54 in Q3 2024, due to the addition of Kolpa and lower throughput at Bolañitos [8][10]. Operational Highlights - The company achieved commercial production at the Terronera mine in October 2025, with the plant exceeding 90% of its designed capacity during Q3 2025 [5][6]. - Processed tonnes increased to 400,245, a 129% increase from 175,065 tonnes in Q3 2024 [4][6]. Earnings and Losses - The company reported a net loss of $42.0 million for Q3 2025, compared to a net loss of $17.3 million in Q3 2024, primarily due to losses on derivative contracts [14][15]. - Adjusted net loss was $2.1 million, a significant decline from adjusted net earnings of $1.6 million in Q3 2024 [15][16].