Endeavour Silver(EXK) ZACKS·2025-01-13 18:46Core Viewpoint - Endeavour Silver Corporation experienced significant declines in silver and gold production in the fourth quarter of 2024, primarily due to reduced operating capacity at the Guanaceví mine, impacting overall performance and sales figures [1][2][4]. Production Performance - The company produced 1.6 million silver-equivalent ounces in Q4 2024, a 29% decline year-over-year [1]. - Consolidated silver production fell 41% year-over-year to 824,529 ounces, attributed to decreased operating capacity at Guanaceví following a trunnion breakdown [2]. - Gold production decreased by 6% year-over-year to 9,075 ounces, with Guanaceví's output down 29.5% to 2,622 ounces, while Bolañitos saw a 9.6% increase to 6,453 ounces [3]. Yearly Overview - For the full year 2024, Endeavour Silver produced 7.6 million silver-equivalent ounces, a 13% decline from 2023 [4]. - Total silver production for 2024 was 4,471,824 ounces, down 21% year-over-year, while gold production increased by 3% to 39,047 ounces [4]. Sales Performance - In Q4 2024, silver sales dropped 51% year-over-year to 654,519 ounces, while gold sales rose 11% to 8,343 ounces [5]. - At year-end, the company held 276,477 ounces of silver and 1,220 ounces of gold in bullion inventory, along with 4,216 ounces of silver and 296 ounces of gold in concentrate inventory [5]. Project Updates - The Terronera project faced delays due to late delivery of critical structural steel components, impacting productivity and commissioning, with wet commissioning now expected in early Q2 2025 [6]. Stock Performance - Endeavour Silver's stock price increased by 88.8% over the past year, outperforming the industry average growth of 39.2% [7].