Q1 2026 Endeavour Silver Corp Earnings Call Transcript

May 7, 2026 / 05:00 PM GMT

Release Date Price: $10.15 (+9.02%)

Transcript

Key Points

Positve

Endeavour Silver Corp (EXK) set new records in both production and revenue for Q1 2026, with a 78% increase in silver equivalent ounces produced compared to Q1 2025.
The company reported a significant revenue increase of 230% year-over-year, reaching $210 million.
Mine operating earnings rose to $94 million, with a mine operating cash flow of $115 million before taxes, marking a 400% increase from Q1 2025.
The Copa plant expansion is substantially complete, and Ternaro's operations are performing near design expectations, indicating strong operational progress.
Endeavour Silver Corp (EXK) has a strong cash position of over $232 million and working capital exceeding $173 million, providing a stable foundation for future initiatives.

Negative

All-in sustaining costs net of byproduct credits increased by 51% compared to Q1 2025, reaching $37 per ounce.
Direct operating costs per ton rose by 30% in Q1 compared to the previous year, due to the inclusion of higher-cost assets like Coppa and Ternera.
The company faces pressures in Peru related to attracting and retaining skilled labor, impacting labor costs and overall efficiencies.
Endeavour Silver Corp (EXK) has not yet transitioned its power generation to the LNG plant, which is expected to occur by the end of the current quarter.
There are concerns about potential delays in obtaining necessary permits for the Pithoria project, which could impact future construction timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EDR.TO - Endeavour Silver Corp
Q1 2026 Endeavour Silver Corp Earnings Call
May 07, 2026 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator. Welcome to the Endeavor Silver First Quarter 2026 Financial Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero.

I would now like to turn the conference over to Allison Pettit, Vice President, Investor Relations. Please go ahead.

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Unidentified_2 [2]

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