Q1 2025 Endeavour Silver Corp Earnings Call Transcript

May 13, 2025 / 05:00 PM GMT

Release Date Price: CHF2.45

Transcript

Key Points

Positve

Endeavour Silver Corp (EXK) reported strong production figures for Q1 2025, with 1.2 million ounces of silver and 8,300 ounces of gold produced, totaling 1.9 million silver equivalent ounces.
The company achieved revenue of $64 million, benefiting from higher precious metal prices.
The Terronera project is nearing completion, with commissioning underway, and is expected to significantly enhance the company's production profile.
The acquisition of the Culpa mine in Peru is expected to enhance production with significant exploration upside and existing infrastructure.
Endeavour Silver Corp (EXK) is on track to achieve annualized production of approximately 20 million silver equivalent ounces, marking a significant step forward in its growth strategy.

Negative

The company reported a net loss of $32.9 million for the period, primarily due to the unrealized non-cash impact of gold hedging and forward swap contracts.
Direct offering cost per ton increased by 66% compared to Q1 2024 due to 6% lower throughput.
Cash and working capital decreased as the company continued investing in development activities at Terronera.
The company is currently at a high-stress phase of the Terronera project, with concerns about cash flow and working capital requirements during the ramp-up phase.
There is uncertainty regarding the timeline for ramping up production at Terronera, with a planned ramp-up period of about 90 days that could vary.

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

EDR.TO - Endeavour Silver Corp
Q1 2025 Endeavour Silver Corp Earnings Call
May 13, 2025 / 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 Endeavors Silver first quarter 2025 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, then 0. I would now like to turn the conference over to Alison Pettit, director of investor relations. Please go ahead.

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Unidentified_2 [2]
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