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Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:00
Financial Data and Key Metrics Changes - In Q1 2025, the company produced 1,200,000 ounces of silver and 8,300 ounces of gold, totaling 1,900,000 silver equivalent ounces [4] - Revenue for the quarter was $64,000,000, consistent with the prior year, benefiting from higher precious metal prices [5] - The company reported a net loss of $32,900,000, primarily due to unrealized noncash impacts from gold hedging and forward swap contracts [5] - Cash costs were $15.89 per ounce of silver, and all-in sustaining costs were $24.48 net of gold credits, both slightly below annual guidance [6] - As of March 31, 2025, the company's cash position was $65,000,000, and working capital was $15,000,000, reflecting a decrease from December 31, 2024 [6] Business Line Data and Key Metrics Changes - Guanacevi and Bolanitos performed in line with expectations, while Terronera is nearing completion and has started producing concentrate [4] - The acquisition of the Copa mine in Peru is expected to enhance the production profile significantly, with an annual production estimate of 5,000,000 silver equivalent ounces [8][10] Market Data and Key Metrics Changes - The company is positioned to achieve annualized production approaching 20,000,000 silver equivalent ounces when combining all producing assets [10] Company Strategy and Development Direction - Terronera is viewed as a transformational asset that will redefine the company's growth trajectory, with a projected mine life of over a decade [7] - The company aims to build a scalable silver-dominant asset base, leveraging technical expertise and development capabilities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the commissioning of Terronera and its potential impact on the business [7] - The company is closely monitoring cash balances and working capital requirements during the ramp-up phase, emphasizing the importance of achieving commercial production [29] Other Important Information - The company is validating and updating historical resource estimates for the Copa mine, with a significant exploration budget planned [39][40] Q&A Session Summary Question: What is needed for confidence in the ramp-up guidance for Terronera? - Management indicated that consistent throughput and production are critical before providing formal guidance on costs and production timelines [12][13] Question: What are the near-term priorities for the ramp-up at the plant? - Management noted that the commissioning process involves a systematic approach to check systems and ensure everything is running smoothly [15][18] Question: What is the capital intensity for throughput expansion at Copa? - The estimated capital intensity for expanding capacity from 1,800 tons per day to 2,500 tons per day is between $12 million to $16 million [20] Question: How comfortable is the company with its cash balance and working capital for Terronera? - Management expressed confidence in the cash balance of $65,000,000 and working capital of $15,000,000, while acknowledging the high-stress phase of the project [26][28] Question: Are there still meaningful cash flows going into Terronera in Q2? - Management confirmed that spending continues for commissioning, although they do not have complete data for April yet [33][35] Question: What are the higher priority targets for exploration at Copa? - Management highlighted a significant exploration budget and plans to focus on previously discovered veins and new opportunities [39][40]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Endeavour Silver Corp. – EXK
GlobeNewswire News Room· 2025-05-13 17:23
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Endeavour Silver Corp and its officers or directors [1]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Endeavour Silver Corp and is looking into allegations of securities fraud [1]. - Investors are encouraged to contact Pomerantz LLP for more information regarding the investigation [1]. Group 2: Recent Company Actions - On April 1, 2025, Endeavour announced an upsized bought deal of common shares, with underwriters agreeing to purchase 11,600,000 shares at a price of US$3.88 per share, resulting in gross proceeds of approximately US$45 million [3]. - Following the announcement of the upsized deal, Endeavour's stock price decreased by $0.49 per share, or 11.48%, closing at $3.78 per share on the same day [3].
Endeavour Silver(EXK) - 2025 Q1 - Earnings Call Presentation
2025-05-13 11:41
Growth on the Horizon November 2024 May 2025 www.edrsilver.com TSX: EDR | NYSE: EXK TSX: EDR | NYSE: EXK www.edrsilver.com TSE: EDR | NYSE: EXK Cautionary Note This presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour's acq ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Endeavour Silver Corp. - EXK
GlobeNewswire News Room· 2025-04-29 15:13
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Apr ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Endeavour Silver Corp. - EXK
GlobeNewswire News Room· 2025-04-25 17:14
NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Apr ...
Endeavour Silver (EXK) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-04-25 17:00
Endeavour Silver (EXK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual in ...
Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option
Globenewswire· 2025-04-16 12:24
Core Viewpoint - Endeavour Silver Corp. successfully closed a prospectus offering, raising approximately US$50 million, which will be used to fund the acquisition of Compañia Minera Kolpa S.A. and its Huachocolpa Uno Mine [1][3]. Group 1: Offering Details - The offering closed on April 8, 2025, and included an over-allotment option exercised in full, resulting in the purchase of an additional 1,285,000 common shares at US$3.88 each, generating additional gross proceeds of US$4,985,800 [1]. - The total gross proceeds from the offering amount to approximately US$50 million [1]. Group 2: Acquisition Plans - The net proceeds from the offering will primarily fund the acquisition of all outstanding shares of Compañia Minera Kolpa S.A. for a total consideration of US$145 million [3]. - The closing of the acquisition is subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange, and is expected to occur within 60 days [4]. Group 3: Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable and responsible mining practices, with operations in Mexico and a new mine development in Jalisco State [5]. - The company also has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [5].
Endeavour Silver's Q1 Silver Equivalent Production Declines 17% Y/Y
ZACKS· 2025-04-10 17:10
Endeavour Silver Corporation (EXK) produced 1.9 million silver equivalent ounces in the first quarter of 2025. This reflected a 17% decrease from the year-ago quarter due to reduced silver production at the Guanaceví mine, which offset higher silver output at Bolañitos.Endeavour Silver’s Production Performance in Q1Consolidated silver production was down 17% year over year to 1,205,793 ounces, attributed to lower output at Guanacevi. This was partially offset by higher production at the Bolanitos mine. Guan ...
Endeavour Silver Produces 1,205,793 Oz Silver and 8,338 Oz Gold (1.9 Million Silver Equivalent Oz) in Q1 2025
Newsfilter· 2025-04-09 10:50
VANCOUVER, British Columbia, April 09, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK, TSX:EDR) reports first quarter 2025 production of 1,205,793 silver ounces (oz) and 8,338 gold oz, for silver equivalent(1) ("AgEq") production of 1.9 million oz. "Our Q1 production results highlight the strength of our operations and our focus on consistent, efficient performance," said Dan Dickson, Chief Executive Officer. "This steady momentum lays a solid foundation for the qua ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Endeavour Silver Corp. - EXK
Prnewswire· 2025-04-08 14:00
NEW YORK, April 8, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On April 1, 2025, ...