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Endeavour Silver Announces Q2 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today

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Executive Summary
- Endeavour Silver reported Q2 2025 revenue of $85.3 M (up 46% YoY) but posted a net loss of $20.5 M, widening from a $14.0 M loss in Q2 2024.
- Production increased to 1.48 M oz silver and 7,755 oz gold (2.53 M AgEq), a 13% rise versus the prior year period, driven by the integration of Minera Kolpa.
- Operating cash flow before working‑capital changes rose 21% YoY to $22.9 M; however, higher costs and Terronera’s commissioning losses pushed mine operating earnings down to $7.7 M (−24%).
Key Details
- Revenue & Sales – $85.3 M from 1,455,680 oz silver and 7,706 oz gold; average realized prices: $32.95/oz silver, $3,320/oz gold.
- Production – 1,483,736 oz silver, 7,755 oz gold (2,528,562 oz AgEq); 13% increase YoY.
- Cash Costs & AISC – Cash cost $15.35/oz payable silver (up 14% YoY); All‑in‑sustaining cost $25.16/oz (up 9%).
- Operating Cash Flow – $22.9 M before working‑capital changes (↑21% YoY).
- Net Loss – GAAP net loss $(20.5) M (−46% YoY); Adjusted net loss $(9.2) M (−827% YoY).
- EBITDA – $1.4 M (down from $11.3 M YoY).
- Capital Structure – Completed Minera Kolpa acquisition on 2025‑05‑01, funded by a $50 M bought‑deal equity financing and a $35 M copper stream payment to Versamet Royalties.
- Credit Facility – Terronera credit facility amended (principal increased from $120 M to $135 M).
- Terronera Update – Throughput 1,900–2,000 tpd in late July; silver/gold recoveries averaged 71%/67% during the second half of July.
- Cash Position – Consolidated cash balance $52.5 M at quarter‑end.
- Management Call – Conference call scheduled for 2025‑08‑13, 10:00 am PT / 1:00 pm ET.
- Personnel Change – Promotion of Allison Pettit to Vice President, Investor Relations (effective 2025‑08‑01).
Notable Quotes
“We are pleased with Endeavour’s strong performance this quarter… the successful integration of Minera Kolpa into our portfolio.” – Dan Dickson, CEO
“Our team delivered solid operating results… positioning the company to leverage future opportunities and deliver sustainable growth for our shareholders.” – Dan Dickson, CEO
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