Endeavour Silver Achieves Record 2025 Output of 11.2 Million Equivalent Ounces

2026-01-08 companies

Vancouver, Thursday, 8 January 2026.
Endeavour Silver delivered a record 11.2 million silver equivalent ounces in 2025. This production surge, fueled by the new Terronera mine, marks a critical operational turning point for the company.

Record-Breaking 2025 Production

Vancouver-based Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) formally announced its consolidated production results for the full year of 2025 today, January 8, 2026. The miner reported total production of 6,486,661 ounces of silver and 37,164 ounces of gold [1]. When combined, these figures total 11.2 million silver equivalent ounces (AgEq), marking a substantial 48% increase compared to the previous year [4]. This surge in output aligns with the company’s strategic goals, as noted by CEO Dan Dickson, who highlighted the year’s strong growth profile and the successful integration of new assets [1].

Terronera Drives Fourth Quarter Surge

The fourth quarter of 2025 proved instrumental to these results, largely due to the Terronera mine declaring commercial production effective October 1, 2025 [1]. During this final quarter, consolidated production hit 3.8 million AgEq ounces, comprised of 2,030,206 ounces of silver and 13,785 ounces of gold [1]. This represents a significant year-over-year improvement; specifically, Q4 silver production rose by 146% and gold production by 52% compared to the fourth quarter of 2024 [3]. Terronera alone contributed 352,002 ounces of silver and 8,148 ounces of gold during the quarter, achieving average recoveries of 82.6% for silver and 72.5% for gold [1][2].

Strategic Portfolio Realignment

As Endeavour Silver brings new high-grade assets like Terronera online, it is simultaneously divesting legacy operations to optimize its portfolio. On November 24, 2025, the company entered into a definitive agreement to sell the Bolañitos mine [1]. The deal is structured to provide Endeavour with $30 million in cash, $10 million in Guanajuato Silver shares, and up to $10 million in contingent consideration [2]. The transaction is anticipated to close in January 2026 [3].

Financial Strengthening and Market Reaction

Beyond operational adjustments, the company has taken steps to solidify its balance sheet. Endeavour recently closed a $350 million convertible senior notes offering, utilizing the capital to repay the majority of its third-party debt [1]. As of December 31, 2025, the company held 262,131 ounces of silver and 736 ounces of gold in bullion inventory [1]. Despite the record-breaking production figures released today, market sentiment appears mixed. On January 7, 2026, the day prior to this announcement, the stock trended down approximately 10.33%, with some analysts citing concerns over production growth [6]. Following the release, the stock experienced a decline of 4.91% on January 8 [4]. Investors will likely look to the upcoming financial results conference call on February 27, 2026, for further clarity on cost profiles and profitability [2].

Sources

Commodities Silver mining