Endeavour Silver Produces 1,205,793 Oz Silver and 8,338 Oz Gold (1.9 Million Silver Equivalent Oz) in Q1 2025
Endeavour Silver (NYSE: EXK) reports Q1 2025 production of 1,205,793 silver ounces and 8,338 gold ounces, totaling 1.9 million silver equivalent ounces. Production showed a decline from Q1 2024, with silver production down 17% and gold production down 18%.
Key operational highlights:
- Guanaceví operated at full capacity with slightly lower grades than planned
- Bolañitos delivered steady production with consistent silver output but lower gold grades
- Metal sales reached 1,223,684 silver ounces and 8,538 gold ounces
- Quarter-end inventory: 219,151 silver ounces and 715 gold ounces in bullion; 31,232 silver ounces and 452 gold ounces in concentrate
The company maintains focus on operational efficiency while preparing to bring Terronera into production.
Endeavour Silver (NYSE: EXK) riporta una produzione nel Q1 2025 di 1.205.793 once d'argento e 8.338 once d'oro, per un totale di 1,9 milioni di once equivalenti d'argento. La produzione ha mostrato un calo rispetto al Q1 2024, con una diminuzione del 17% nella produzione d'argento e del 18% nella produzione d'oro.
Principali punti operativi:
- Guanaceví ha operato a pieno regime con gradi leggermente inferiori rispetto a quanto pianificato
- Bolañitos ha fornito una produzione costante con un output d'argento coerente ma gradi d'oro inferiori
- Le vendite di metallo hanno raggiunto 1.223.684 once d'argento e 8.538 once d'oro
- Inventario a fine trimestre: 219.151 once d'argento e 715 once d'oro in lingotti; 31.232 once d'argento e 452 once d'oro in concentrato
L'azienda mantiene il focus sull'efficienza operativa mentre si prepara a mettere in produzione Terronera.
Endeavour Silver (NYSE: EXK) informa sobre una producción en el Q1 2025 de 1.205.793 onzas de plata y 8.338 onzas de oro, totalizando 1.9 millones de onzas equivalentes de plata. La producción mostró una disminución con respecto al Q1 2024, con una caída del 17% en la producción de plata y del 18% en la producción de oro.
Puntos destacados operativos:
- Guanaceví operó a plena capacidad con grados ligeramente inferiores a los planeados
- Bolañitos entregó una producción estable con una salida de plata consistente, pero con grados de oro más bajos
- Las ventas de metal alcanzaron 1.223.684 onzas de plata y 8.538 onzas de oro
- Inventario al final del trimestre: 219.151 onzas de plata y 715 onzas de oro en lingotes; 31.232 onzas de plata y 452 onzas de oro en concentrado
La empresa mantiene el enfoque en la eficiencia operativa mientras se prepara para poner en producción Terronera.
Endeavour Silver (NYSE: EXK)는 2025년 1분기 생산량이 1,205,793 온스의 은과 8,338 온스의 금으로 총 190만 온스의 은 동등량에 달한다고 보고했습니다. 생산량은 2024년 1분기와 비교하여 감소하였으며, 은 생산은 17%, 금 생산은 18% 감소했습니다.
주요 운영 하이라이트:
- Guanaceví는 계획보다 약간 낮은 품질로 전면 가동되었습니다.
- Bolañitos는 일관된 은 생산량을 보였지만 금 품질이 낮아 안정적인 생산을 제공했습니다.
- 금속 판매량은 1,223,684 온스의 은과 8,538 온스의 금에 도달했습니다.
- 분기 말 재고: 219,151 온스의 은과 715 온스의 금이 주괴 형태로; 31,232 온스의 은과 452 온스의 금이 농축 형태로 보유되었습니다.
회사는 Terronera를 생산에 투입하기 위해 준비하면서 운영 효율성에 집중하고 있습니다.
Endeavour Silver (NYSE: EXK) rapporte une production au T1 2025 de 1.205.793 onces d'argent et 8.338 onces d'or, totalisant 1,9 million d'onces équivalentes d'argent. La production a montré une baisse par rapport au T1 2024, avec une diminution de 17% de la production d'argent et de 18% de la production d'or.
Points opérationnels clés :
- Guanaceví a fonctionné à pleine capacité avec des teneurs légèrement inférieures à celles prévues
- Bolañitos a fourni une production stable avec une sortie d'argent cohérente mais des teneurs en or plus faibles
- Les ventes de métaux ont atteint 1.223.684 onces d'argent et 8.538 onces d'or
- Inventaire à la fin du trimestre : 219.151 onces d'argent et 715 onces d'or sous forme de lingots ; 31.232 onces d'argent et 452 onces d'or sous forme de concentré
L'entreprise reste concentrée sur l'efficacité opérationnelle tout en se préparant à mettre en production Terronera.
Endeavour Silver (NYSE: EXK) berichtet über eine Produktion im Q1 2025 von 1.205.793 Silberunzen und 8.338 Goldunzen, insgesamt 1,9 Millionen Silberäquivalentunzen. Die Produktion zeigte einen Rückgang im Vergleich zum Q1 2024, wobei die Silberproduktion um 17% und die Goldproduktion um 18% zurückging.
Wichtige betriebliche Highlights:
- Guanaceví betrieb mit leicht niedrigeren Gehalten als geplant bei voller Kapazität
- Bolañitos lieferte eine stabile Produktion mit konstantem Silberausstoß, jedoch niedrigeren Goldgehalten
- Metallverkäufe erreichten 1.223.684 Silberunzen und 8.538 Goldunzen
- Inventar zum Quartalsende: 219.151 Silberunzen und 715 Goldunzen in Barren; 31.232 Silberunzen und 452 Goldunzen in Konzentraten
Das Unternehmen konzentriert sich auf die betriebliche Effizienz, während es sich darauf vorbereitet, Terronera in Produktion zu bringen.
- Bolañitos achieved 53% higher silver production compared to Q1 2024
- Guanaceví continues operating at full capacity
- 18% of Guanaceví's quarterly throughput supplemented by local third-party feed
- Overall silver production declined 17% year-over-year to 1.2M oz
- Gold production decreased 18% year-over-year to 8,338 oz
- Guanaceví silver production dropped 24% compared to Q1 2024
- Bolañitos gold production fell 28% year-over-year
Insights
Endeavour Silver's Q1 2025 production results reveal significant year-over-year declines across key metrics. Silver production dropped
The production declines stem from specific operational factors at both mines. At Guanaceví, throughput was
Despite these declines, management characterizes results as "in line with plan," suggesting these reductions were anticipated rather than representing operational failures. This indicates a possibly deliberate grade management strategy as part of mine sequencing or resource optimization.
The company's emphasis on preparation for bringing Terronera into production signals a transitional period, with future growth dependent on new assets rather than existing operations. This context helps explain the company's comfort with current production levels, as management likely views these mines as being in a different phase of their life cycle.
VANCOUVER, British Columbia, April 09, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) reports first quarter 2025 production of 1,205,793 silver ounces (oz) and 8,338 gold oz, for silver equivalent(1) (“AgEq”) production of 1.9 million oz.
“Our Q1 production results highlight the strength of our operations and our focus on consistent, efficient performance,” said Dan Dickson, Chief Executive Officer. “This steady momentum lays a solid foundation for the quarters ahead, as we sharpen our operational focus and prepare to bring Terronera into production.”
Q1 2025 Production Overview
- Guanaceví in Line with Guidance: Production in line with plan, continues at full capacity with slightly lower silver and gold grades processed than plan.
- Bolañitos Delivers Steady Production: Silver production was consistent with plan, while gold production was slightly below plan due to lower gold grades.
- Metal Sales and Inventories: Sold 1,223,684 silver ounces and 8,538 gold ounces during the first quarter. A total of 219,151 silver ounces and 715 gold ounces of bullion inventory and 31,232 silver ounces and 452 gold ounces in concentrate inventory were held at quarter end.
Q1 2025 Mine Operations
Consolidated silver production was 1,205,793 ounces in Q1 2025, in line with plan and
In Q1 2025, Guanaceví throughput was
Bolañitos Q1 2025 throughput was in line with throughput in Q1 2024, combined with
Production Highlights for the Three Months Ended March 31, 2025
| Three Months Ended March 31, | ||||
| 2025 | 2024 | % Change | ||
| Throughput (tonnes) | 209,507 | 221,794 | ( | |
| Silver ounces produced | 1,205,793 | 1,460,006 | ( | |
| Gold ounces produced | 8,338 | 10,133 | ( | |
| Payable silver ounces produced | 1,193,358 | 1,450,308 | ( | |
| Payable gold ounces produced | 8,188 | 9,948 | ( | |
| Silver equivalent ounces produced1 | 1,872,833 | 2,270,677 | ( | |
| Silver ounces sold | 1,223,684 | 1,756,094 | ( | |
| Gold ounces sold | 8,538 | 10,880 | ( | |
1 Silver equivalent (AgEq) is calculated using an 80:1 silver:gold ratio.
Production Tables for the Three Months Ended March 31, 2025 by Mine
| Production | Tonnes | Tonnes | Grade | Grade | Recovery | Recovery | Silver | Gold |
| by mine | Processed | per day | Ag gpt | Au gpt | Ag % | Au % | Ounces | Ounces |
| Guanaceví | 102,438 | 1,138 | 348 | 1.30 | 1,015,327 | 3,989 | ||
| Bolañitos | 107,069 | 1,190 | 67 | 1.43 | 190,466 | 4,349 | ||
| Consolidated | 209,507 | 2,328 | 204 | 1.37 | 1,205,793 | 8,338 |
gpt = grams per tonne
Totals may not add up due to rounding
About Endeavour Silver
Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and the development of the new cornerstone mine in Jalisco State, the Company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.
Qualified Person
Dale Mah, P.Geo., Vice President Corporate Development, a qualified person under NI 43-101, has approved the scientific and technical information related to operations matters in this news release.
2025 Financial Results and Conference Call
Q1 2025 financial results will be released before market open on Tuesday May 13, 2025, and Management will host a conference call the same day at 10:00 a.m. PT / 1:00 p.m. ET to discuss the results.
| Date: | Tuesday May 13, 2025 | |
| Time: | 10:00am PT / 1:00pm ET | |
| Telephone: | Canada & US + 1-833-752-3348 International + 1-647-846-2804 | |
| Replay: | Canada & US +1- 855-669-9658 International +1-412-317-0088 Access code is 2198664; audio replay will be available on Company’s website | |
Contact Information
Allison Pettit
Director, Investor Relations
Email: apettit@edrsilver.com
Website: www.edrsilver.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour’s preparation to bring Terronera into production and Endeavour’s anticipated performance for upcoming financial quarters. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to changes in production and costs guidance; the ongoing effects of inflation and supply chain issues on mine economics; changes in national and local governments’ legislation, taxation, controls, regulations and political or economic developments in Canada, Chile, the USA, and Mexico; financial risks due to precious metals prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development; risks in obtaining necessary licenses and permits; fluctuations in the prices of silver and gold; fluctuations in currency markets (particularly the Mexican peso, Chilean peso, Canadian dollar and U.S. dollar); and challenges to the Company’s title to properties; as well as those factors described in the section “Risk Factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, forecast mine economics, mining operations will function and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this release. There can be no assurance that any forward-looking statements or information will be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
FAQ
What was Endeavour Silver's (EXK) Q1 2025 production compared to Q1 2024?
How did Guanaceví mine perform in Q1 2025 for EXK?
What were EXK's metal sales figures for Q1 2025?
How did Bolañitos mine production change for EXK in Q1 2025?
When will EXK release its Q1 2025 financial results?
