Endeavour Silver Net Earnings Reach 131.4 Million for First Half
The silver miner reported a 183% increase in six-month revenue to 421.8 million US dollars.
Endeavour Silver Corp. (EXK), a silver miner operating in Mexico and Peru, reported net earnings of 131.4 million US dollars for the six months ended June 30, 2026. The company had recorded a net loss of 53.4 million US dollars for the same period in 2025.
Revenue for the first half of 2026 rose to 421.8 million US dollars, compared to 152.1 million US dollars in the prior year. This growth was supported by a 42% increase in silver ounces produced, which reached 3.8 million ounces. The company also saw a 38% increase in gold ounces produced, totaling 22,215 ounces for the period.
Production costs rose alongside output. Cash costs per silver ounce increased 45% to 36.69 US dollars, up from 25.25 US dollars in 2025. All-in sustaining costs per ounce rose 49% to 36.89 US dollars. Direct operating costs per tonne increased 14% to 161.73 US dollars.
Operating earnings for the first six months were 148.5 million US dollars, a reversal from an operating loss of 0.8 million US dollars in 2025. Mine operating earnings specifically rose to 167.5 million US dollars from 20.6 million US dollars. The company also recorded a 36.5 million US dollar gain from the sale of the Bolañitos mine, which was completed on January 15, 2026.
For the three months ended June 30, 2026, the company reported net earnings of 66.5 million US dollars, compared to a net loss of 20.5 million US dollars in the same quarter of 2025. Diluted earnings for the quarter were 0.21 a share.
Endeavour Silver ended the period with 236.6 million US dollars in cash and cash equivalents. The company's total assets stood at 1.27 billion US dollars as of June 30, 2026.
Exploration activities continued across core assets including Guanaceví, Terronera, Pitarrilla, and Kolpa. The company spent 11.5 million US dollars on exploration and evaluation during the first six months of 2026. During the second quarter alone, the company completed 99 drill holes totaling 17,580 metres.