Northwire Canada EditionTuesday, September 22, 2026
Northwire
GOLD 4383.90 −0.9% SILVER 66.53 −0.9% COPPER 6.79 +1.5% OIL 92.37 −3.9% PALLADIUM 1319.50 +0.0% MSC 0.020 +0.0% BRON 0.050 +0.0% ELD 59.44 −1.4% GBML 0.220 +0.0% SUM 1.59 +0.0% ABC 0.015 +0.0% ELE 30.45 +2.2% CDE 27.46 −0.7% LIB 0.990 +1.0% SLVR 1.17 +0.0% NVO 0.075 −6.2% BRO 0.235 +2.2% FMAN 0.415 +0.0% HVG 0.050 +0.0% MSV 0.540 +16.1% SCD 0.185 −2.6% GOLD 4383.90 −0.9% SILVER 66.53 −0.9% COPPER 6.79 +1.5% OIL 92.37 −3.9% PALLADIUM 1319.50 +0.0% MSC 0.020 +0.0% BRON 0.050 +0.0% ELD 59.44 −1.4% GBML 0.220 +0.0% SUM 1.59 +0.0% ABC 0.015 +0.0% ELE 30.45 +2.2% CDE 27.46 −0.7% LIB 0.990 +1.0% SLVR 1.17 +0.0% NVO 0.075 −6.2% BRO 0.235 +2.2% FMAN 0.415 +0.0% HVG 0.050 +0.0% MSV 0.540 +16.1% SCD 0.185 −2.6%
Production / Operations

Endeavour Silver Produces 1,766,926 Oz Silver and 7,286 Oz Gold (3.0 Million Silver Equivalent Oz) in Q3 2025 and Provides an Update on Terronera

EDR · Price

Executive Summary

  • Endeavour Silver reported Q3 2025 consolidated production of 1.77 M oz silver and 7,286 oz gold, representing a 102% increase in silver versus Q3 2024 (driven by the addition of Kolpa) and a 22% decline in gold.
  • The newly‑acquired Kolpa mine contributed 598,689 oz silver (1.29 M AgEq oz) and significant base‑metal output, meeting management expectations.
  • Terronera is approaching commercial production; September mill recoveries were 82.8% for silver and 72.3% for gold, with a brief six‑day outage resolved by month‑end.

Key Details

  • Consolidated Q3 2025 Production
  • Silver ounces produced: 1,766,926 (102% ↑ YoY)
  • Gold ounces produced: 7,286 (22% ↓ YoY)
  • Payable silver: 1,725,317 oz; payable gold: 7,151 oz
  • Silver equivalent (AgEq): 3.04 M oz (88% ↑ YoY)
  • Mine‑by‑Mine Highlights
  • Guanaceví: Throughput +48% YoY; silver grade –15%, gold grade –27%; production up 33% (silver) and 13% (gold).
  • Bolañitos: Throughput ‑3% YoY; silver grade +39% → silver production +36%; gold grade –32% → gold production –37%.
  • Kolpa (acquired May 1, 2025): Processed 195,752 t at 105 g/t Ag, 3.07% Pb, 2.20% Zn, 0.21% Cu; produced 598,689 oz silver and 1,286,139 AgEq oz (incl. base metals).
  • Terronera Update
  • September processing: 39,190 t (avg 1,866 t/d); peak 2,162 t/d.
  • Recoveries: 82.8% silver, 72.3% gold.
  • Six‑day SAG mill outage (Sept 24–29) resolved; operations resumed Sept 30.
  • Q3 average grades: 64 g/t Ag, 2.08 g/t Au; recoveries 70.7% (Ag), 64.2% (Au).
  • Sales & Inventories
  • Silver sold: 1,762,484 oz (73% ↑ YoY)
  • Gold sold: 7,478 oz (21% ↓ YoY)
  • Inventory at Sep 30: 207,512 oz silver bullion, 600 oz gold bullion; 19,381 oz silver & 175 oz gold concentrate.
  • Financial Disclosure
  • Q3 2025 financial results to be released before market open on Friday Nov 7, 2025 with a conference call at 10:00 a.m. PT / 1:00 p.m. ET.

Notable Quotes

“We are pleased to deliver another strong quarter, marked by consistent performance across our portfolio,” – Dan Dickson, CEO


All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

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