Endeavour Silver Q2 2025 Results: Revenue Up 46%, Net Loss $20.5 Million

Endeavour Silver reported Q2 2025 revenue of $85.3 million, a 46% increase YoY, driven by 2.5 million silver equivalent ounces produced, a 13% YoY increase. However, the company posted a net loss of $20.5 million due to commissioning phase and acquisition costs at Terronera. Cash costs were $15.35 per silver ounce, and all-in sustaining costs were $25.16 per ounce. Endeavour Silver finished the quarter with a strong cash position of $52.5 million and secured a $15 million credit facility for Terronera.

Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has announced its financial and operating results for the second quarter of 2025. The company reported a significant increase in revenue, driven by a substantial increase in silver equivalent production. However, the quarter ended with a net loss due to the commissioning phase and acquisition costs at Terronera.

In Q2 2025, Endeavour Silver achieved a revenue of $85.3 million, representing a 46% year-over-year (YoY) increase. This growth was primarily attributed to the production of 2.5 million silver equivalent ounces, a 13% YoY increase. The company's strong performance was further highlighted by the successful integration of Minera Kolpa into its portfolio and the nearing commercial production of Terronera.

Despite the robust revenue growth, Endeavour Silver reported a net loss of $20.5 million for the quarter. This loss was largely due to the operating losses incurred during the commissioning phase of Terronera, as well as the acquisition costs associated with Minera Kolpa. The company also experienced higher cash costs and all-in sustaining costs compared to the previous year, with cash costs per silver ounce reaching $15.35 and all-in sustaining costs per ounce at $25.16.

Despite these challenges, Endeavour Silver ended the quarter with a strong cash position of $52.5 million. The company also secured an additional $15 million credit facility for Terronera, further bolstering its financial position. The company's direct operating costs per tonne increased slightly to $142.00, primarily due to higher costs at Bolañitos and the addition of Kolpa, but were offset by lower costs at Guanaceví.

The company's mine operating earnings decreased to $7.7 million from $10.2 million in the previous year, primarily due to the operating loss from Terronera. The loss before taxes for the quarter was $14.6 million, compared to a loss of $11.3 million in the previous year.

Endeavour Silver's Chief Executive Officer, Dan Dickson, expressed satisfaction with the company's performance, stating, "We are pleased with Endeavour’s strong performance this quarter, highlighted by increased silver equivalent production, robust revenue growth, and the successful integration of Minera Kolpa into our portfolio." The company is committed to operational efficiency, disciplined capital management, and leveraging future opportunities to deliver sustainable growth for its shareholders.

References:

[1] https://finance.yahoo.com/news/endeavour-silver-announces-q2-2025-105000191.html