Endeavour Silver (EXK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
EXK's first-quarter 2025 silver equivalent production declines y/y due to lower silver production at the Guanacevi mine and lower gold production at the Bolanitos mine.
Endeavour Silver is set to add the promising Kolpa mine in Peru, which will boost its production profile by 5 million silver equivalent ounces.
Endeavour Silver missed its annual guidance midpoint for the second consecutive year, impacted by downtime at Guanacevi which has since been resolved. Unfortunately, the 2025 outlook leaves a lot to be desired vs. prior expectations with commercial production at Terronera pushed to Q3, significantly impacting EXK's free cash flow yield. However, the biggest disappointment was the avalanche of share dilution dropped on investors, resulting in continued erosion in its per share metrics.
Endeavour Silver Corp. (NYSE:EXK ) Q4 2024 Earnings Conference Call March 11, 2025 1:00 PM ET Company Participants Allison Pettit - Director, IR Dan Dickson - CEO Conference Call Participants Nick Giles - B. Riley Securities Wayne Lam - TD Securities Heiko Ihle - H.C.
Endeavour Silver's progress, despite setbacks, and the nearing completion of the Terronera mine, makes it a compelling 'Buy' for me. The company's goal to double production with Terronera is expected to add $100-$150 million in after-tax cash flow, which is promising. Despite current high AISC, Terronera's production is forecasted to cut costs in half, enhancing profitability by year-end.
EXK's Q4 production results reflect decreased operating capacity at Guanacevi following the trunnion breakdown in August.
EXK signs a deal to sell 15,825,000 common shares for $4.60 per share to raise $73 million toward the advancement of its Pitarrilla project.
EKX's 2024 exploration and evaluation initiatives at the Pitarrilla project yield promising results, confirming the potential for underground bulk tonnage mining.
Endeavour Silver Corp. (NYSE:EXK ) Q3 2024 Earnings Conference Call November 5, 2024 1:00 PM ET Company Participants Allison Pettit - Director, IR Dan Dickson - CEO Don Gray - COO Elizabeth Senez - CFO Conference Call Participants Heiko Ihle - H.C. Wainwright Nick Giles - B.
Endeavour Silver (EXK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Silver futures have shown significant volatility, with historical monthly price variance over 25%, compared to gold's 10%, presenting speculative opportunities. Gold's bull market since 1999 has seen record highs, while silver, trading around $31, has potential upside, especially for silver mining stocks like Endeavour Silver. Silver's breakout above $30.35 in May 2024 and subsequent consolidation around $30 suggest bullish momentum, supported by increased industrial demand and a global silver deficit.