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Endeavour Silver Corp.

EXK

Endeavour Silver Corp. • NYSE
$9.93 ▲ 15.20% (+1.31)
Market Cap $2.91 B
52w High $10.37
52w Low $2.95
Dividend Yield 0%
P/E -30.09
Volume 13.78M
Outstanding Shares 293.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $135.758M ▲ $6.923M ▼ $-41.491M ▼ -30.562% ▼ $-0.14 ▼ $-12.24M ▼
Q2-2025 $88.597M ▲ $12.529M ▲ $-20.455M ▲ -23.088% ▲ $-0.072 ▲ $1.753M ▲
Q1-2025 $63.498M ▲ $8.812M ▲ $-32.907M ▼ -51.824% ▼ $-0.13 ▼ $-17.864M ▼
Q4-2024 $42.211M ▼ $8.215M ▼ $1.025M ▲ 2.428% ▲ $0.004 ▲ $3.851M ▲
Q3-2024 $53.443M $8.689M $-17.3M -32.371% $-0.071 $-5.428M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $58.123M ▲ $1.017B ▲ $508.222M ▲ $508.804M ▼
Q2-2025 $52.795M ▼ $995.893M ▲ $466.807M ▲ $529.086M ▲
Q1-2025 $65.91M ▼ $727.988M ▲ $275.942M ▲ $452.046M ▼
Q4-2024 $107.504M ▲ $719.249M ▲ $234.812M ▲ $484.437M ▲
Q3-2024 $55.6M $611.396M $198.356M $413.04M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-41.956M ▼ $27.052M ▲ $-34.376M ▲ $12.126M ▼ $4.827M ▲ $-7.597M ▲
Q2-2025 $-20.455M ▲ $21.564M ▲ $-125.457M ▼ $91.193M ▲ $-12.497M ▲ $-32.586M ▲
Q1-2025 $-32.907M ▼ $3.363M ▲ $-40.595M ▲ $-4.486M ▼ $-41.737M ▼ $-38.222M ▲
Q4-2024 $1.025M ▲ $-4.85M ▼ $-43.843M ▲ $101.209M ▲ $51.5M ▲ $-50.742M ▼
Q3-2024 $-17.3M $8.467M $-44.183M $22.196M $-13.163M $-40.329M

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed over the past five years and has held fairly steady in recent periods, which suggests a reasonably stable core business. Profitability, however, is thin. Gross profit has been positive but not especially strong, and operating income has only been modestly in the black. The most recent year slipped into a net loss despite stable sales, likely reflecting higher costs, investment-related charges, or volatility typical for mining companies. Earnings per share have swung between small profits and a recent loss, highlighting that results are sensitive to metal prices, costs, and one‑off project factors.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully, with total assets now several times what they were five years ago, reflecting heavy investment in new mines and projects. Cash levels have improved versus the recent past, giving the company more liquidity than it had a couple of years ago. Debt has increased but remains relatively modest compared with the overall asset and equity base, implying a still-conservative use of borrowing. Shareholders’ equity has steadily risen, which signals accumulated investment in the business and a stronger capital base, though some of that strength comes from new capital and not just retained profits.

Cash Flow

Cash Flow Operating cash flow has been consistently positive but not very large, enough to support day‑to‑day operations yet not enough on its own to cover all the investment spending. Free cash flow has been negative in most recent years because the company is spending heavily on new projects and mine development. In plain terms, this is a build‑out phase: cash is being poured into growth assets today with the expectation of higher production and cash flow later. The trade‑off is near‑term pressure on cash and a reliance on external funding or balance‑sheet strength while these projects ramp up.

Competitive Edge

Competitive Edge Endeavour Silver positions itself as a focused precious‑metals producer with an emphasis on high‑grade underground silver and gold mines in Mexico. Its advantages include experience operating in a familiar jurisdiction, expertise in underground mining methods, and a clear pipeline of growth projects. The company aims to keep costs competitive through efficient mining and modern processing plants, which is important in a cyclical, price‑driven industry. On the other hand, it remains smaller than major global peers and is concentrated in one primary region, which leaves it more exposed to local regulatory, operational, and social risks, as well as to swings in silver and gold prices.

Innovation and R&D

Innovation and R&D Innovation here is about doing traditional underground mining more efficiently rather than inventing entirely new technologies. The company applies established mining techniques in a careful, optimized way and invests in modern processing facilities, such as the new plant at the Terronera mine, to lower costs and improve reliability. It also uses modern exploration tools to better target high‑grade veins and extend mine life. Looking ahead, projects like Pitarrilla and continued exploration programs are the main “R&D‑like” drivers: they are long‑cycle efforts that, if executed well, could materially change the company’s scale. The main risk is execution—delays, cost overruns, or permitting challenges could blunt the payoff from these investments.

Summary

Endeavour Silver today looks like a growth‑oriented mid‑tier precious‑metals producer in the middle of a heavy investment phase. The core business generates steady revenue and modest operating profits, but net results can swing and recently slipped into a loss. The balance sheet has expanded and remains reasonably sound, with more cash and only moderate use of debt, but negative free cash flow reflects the strain of building out new mines. Strategically, the company’s focus on high‑grade Mexican assets, cost efficiency, and a strong pipeline of projects offers clear upside potential if projects are delivered on time and on budget and if metal prices cooperate. At the same time, thin margins, project risk, concentration in one region, and exposure to commodity price cycles are key uncertainties that can make financial outcomes volatile from year to year.

NEWS

November 24, 2025 · 6:50 AM UTC

Endeavour Silver Announces Definitive Agreement to Sell Bolañitos Gold-Silver Mine in Mexico to Guanajuato Silver

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November 7, 2025 · 6:50 AM UTC

Endeavour Silver Announces Q3 2025 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today

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October 16, 2025 · 6:50 AM UTC

Endeavour Silver Announces Commercial Production at Terronera

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October 8, 2025 · 6:50 AM UTC

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

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September 25, 2025 · 5:15 PM UTC

Endeavour Silver Intersects High-Grade Silver-Lead-Zinc Mineralization at its Kolpa Operation

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