Quarterly ResultMay 6, 2026, 05:07 PM
Endeavour Silver Q1 Revenue $209.7M, Net Earnings $64.9M; Production +78%
AI Summary
Endeavour Silver reported exceptional financial and operating results for Q1 2026, driven by increased production and robust metal prices. The company achieved record revenue of $209.7 million and net earnings of $64.9 million, a significant turnaround from a loss in the prior year. Consolidated silver equivalent production surged by 78% to 3.3 million ounces, supported by the successful completion of the Kolpa plant expansion and Terronera operating near design criteria. The company also strengthened its financial foundation with a strong cash position and a $35.6 million gain from the sale of the Bola itos mine.
Key Highlights
- Record Revenue of $209.7 million, a 230% increase from Q1 2025.
- Net Earnings of $64.9 million, compared to a net loss of $32.9 million in Q1 2025.
- Consolidated silver equivalent production of 3.3 million oz, up 78% from Q1 2025.
- Mine operating cash flow before taxes reached $114.6 million, a 419% increase.
- Strong cash position of $231.8 million as of March 31, 2026.
- Sale of Bola itos mine finalized on January 15, 2026, resulting in a $35.6 million gain.
- Kolpa plant expansion completed, with throughput expected in line with 2026 guidance.
- All-in sustaining costs (AISC) were $37.03 per oz, up 51% YoY but down from Q4 2025.
Price Impact
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