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Jun 30, 2025
Endeavour Silver Q2 2025 Earnings Report
Endeavour Silver posted higher revenue in Q2 2025, driven by increased sales volumes and metal prices, but recorded a net loss due to ramp-up costs at Terronera.
Key Takeaways
Endeavour Silver achieved a 46% increase in revenue year-over-year in Q2 2025. Higher metal prices and stronger production volumes supported top-line growth, although increased operating costs led to a net loss for the quarter.
Revenue rose to $85.3 million, up 46% year-over-year.
Silver production reached 1.24 million ounces, gold 11,449 ounces.
Adjusted EBITDA was $4.7 million, with a net loss of $20.5 million.
Ramp-up of the Terronera mine impacted earnings and cost structure.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Endeavour expects Terronera to reach commercial production in Q4 2025, while full-year production guidance remains unchanged.
Positive Outlook
- Terronera mine commissioning is progressing
- Revenue expected to benefit from higher metal prices
- Strong performance from Guanaceví and Bolañitos
- No change to 2025 production guidance
- Kolpa acquisition integration completed
Challenges Ahead
- Terronera ramp-up costs impacted Q2 earnings
- Free cash flow negative in the quarter
- Operating loss of $14.7 million
- Higher cost per silver ounce vs. prior year
- Ongoing investment needs for Terronera development
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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