Endeavour Silver’s shares gained 7.7% following Q1 results driven by better-than-expected production and revenue growth amid ongoing operational ramp-ups and cost improvements.
- Total production reached 3 million silver equivalent ounces, a 78% increase year-over-year, supported by additions from Copa and Terronera.
- Revenue grew 23% year-over-year to $210 million, alongside a 400% increase in mine operating cash flow to $115 million before taxes.
- All-in sustaining costs rose 51% year-over-year to $37/oz but declined 9% sequentially, reflecting operational efficiencies and ongoing ramp-up.
- Direct operating costs per tonne increased due to the inclusion of higher-cost assets Copa and Terronera, though cost reductions are expected as operations normalize.
- Strong cash position of over $232 million and stable working capital underpin continued investment, including exploration and Pitarrilla feasibility studies.
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