UPDATE – Endeavour Silver Provides 2026 Guidance

Core Viewpoint - Endeavour Silver Corp. has announced its consolidated production and cost guidance for 2026, highlighting a significant ramp-up in production from its Terronera, Guanaceví, and Kolpa mines, alongside planned capital and exploration budgets for the year [2][3][6]. Production and Cost Guidance - Silver production is projected to be between 8.3 and 8.9 million ounces, with gold output expected to range from 46,000 to 48,000 ounces. The Kolpa mine is anticipated to produce 22,000 to 24,000 tonnes of lead, 16,000 to 18,000 tonnes of zinc, and 650 to 750 tonnes of copper, contributing to a total of 14.6 to 15.6 million silver equivalent ounces [3][4]. - Consolidated cash costs for 2026 are estimated to be between $12.00 and $13.00 per payable silver ounce, while all-in sustaining costs (AISC) are projected at $27.00 to $28.00 per ounce, net of by-product credits [5][17][18]. Mine-Specific Insights - At Terronera, plant throughput is expected to range from 1,950 to 2,050 tonnes per day, with cash costs per ounce projected to be negative due to a higher gold-to-silver production ratio [8][17]. - Guanaceví's throughput is projected at 1,000 to 1,100 tonnes per day, with cash costs expected to be between $21.00 and $22.00 per ounce [10][17]. - Kolpa's throughput is forecasted at 2,300 to 2,500 tonnes per day, with cash costs anticipated to be between $13.00 and $14.00 per ounce, benefiting from higher metal production and stronger base metal prices [11][17]. Capital Expenditures - The company plans to invest $91.0 million in sustaining capital across its mines, with significant allocations for mine development and infrastructure enhancements at Terronera and Guanaceví [22][23]. - An additional $16.7 million is earmarked for growth capital at Kolpa to support a plant expansion aimed at increasing capacity [24]. Exploration Plans - Endeavour plans to allocate $25.9 million for exploration activities in 2026, with drilling programs across its operating mines and additional projects in Chile and the USA [28]. Management Commentary - The CEO emphasized that 2026 marks a pivotal year for Endeavour as it transitions into a larger, more diverse silver producer, with a focus on delivering long-term value for stakeholders [6].