Endeavour Silver delivers 2.5Moz silver-equivalent
NYSE- and TSX-listed Endeavour Silver has reported second-quarter production of 1.48-million ounces of silver and 7 755 oz of gold, totaling 2.53-million silver equivalent ounces, as the company benefits from the recent acquisition of the Kolpa mine, in Peru, and advances ramp-up at Terronera, in Mexico.
"We delivered strong and consistent production in the second quarter,” said CEO Dan Dickson. “The integration of Kolpa is progressing smoothly, with output already trending above initial expectations. At the same time, Terronera continues to move steadily toward commercial production."
"This is a pivotal time for Endeavour as we build operational momentum and position the company for meaningful, long-term growth," he stated.
Total throughput rose 39% year-on-year to 303 828 t, driven by the addition of Kolpa. Silver production was up 13% compared to the second quarter of 2024, while gold output declined 26% owing to lower grades at the Guanaceví and Bolañitos mines. The company also reported 3 503 t of lead, 2 316 t of zinc, and 58 t of copper produced at Kolpa, contributing to the silver-equivalent calculation.
Endeavour sold 1.48-million ounces of silver and 7 706 oz of gold during the quarter. Inventory at quarter-end included 242 980 oz silver and 701 oz gold in bullion, and 24 970 oz silver and 399 oz gold in concentrate.
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