Endeavour Silver (EXK) Reports Record 2025 Revenue on Surge in Production and Metal Prices

Financial Performance - Endeavour Silver Corp. reported record annual revenue of $467.5 million for the full year 2025, representing a 115% increase over 2024, driven by a 48% surge in silver equivalent production to 11 million ounces [1][2] - The company reported a net loss of $119.1 million for the year, primarily due to $126.2 million in derivative contract losses and increased finance costs following the start of commercial operations at the Terronera mine [2] Operational Highlights - The commencement of commercial production at the Terronera mine began in October 2025, and the company finalized a definitive agreement to sell the Bolañitos mine [2] - Consolidated cash costs rose to $19.05 per silver ounce, while all-in sustaining costs reached $41.19 per ounce, reflecting initial high costs associated with ramping up operations at Terronera and the impact of a stronger Mexican peso [3] - Despite increased throughput across the portfolio, initial efficiency at Terronera was affected by electrical disruptions, which are being addressed through new operational initiatives [3] - Operations at Terronera were briefly paused in February 2026 due to local security concerns and blockades, but normal activities resumed shortly thereafter [3] Company Overview - Endeavour Silver Corp. is a silver mining company engaged in acquiring, exploring, developing, extracting, processing, refining, and reclaiming mineral properties in Mexico, Chile, Peru, and the US, focusing on gold and silver deposits as well as precious metals and polymetals [4]