Endeavour Silver (TSX: EDR) has released its guidance for 2025, with the company calling for production of 7.0 to 7.9 million silver equivalent ounces this year.
Broken out, Endeavour is expecting to produce 4.5 to 5.2 million silver ounces, and 30,500 to 34,000 ounces of gold this year. For comparison, the company in 2024 produced 4.47 million silver ounces and 39,047 ounces of gold, for silver equivalent production of 7.6 million ounces.
Cash costs are expected to come in between $16.00 to $17.00 per ounce of silver, with all in sustaining costs estimated to be between $25.00 to $26.00 per ounce. Costs are expected to be higher than in 2024 for both Guanacevi and Bolanitos, as the mines are both entering their final years of production, as well as Endeavour is forecasting a low estimated gold price.
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The guidance figures do not include Terronera at this time.
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Sustaining capital expenditures are anticipated to come in at $33.6 million for the year, with an additional $11.7 million to be spent on growth, for total capital expenditures of $45.3 million in 2025.
Expenditures at Pitarrilla meanwhile are estimated at $25.7 million in 2025, with the company expecting to spend $16.6 million on a feasibility study, and development and exploration work, and $9.1 million on capital expenditures. Current plans call for 14,000 metres of drilling to occur and 600 metres of ramp development.
“As we look ahead to 2025, our strategic focus remains firmly on advancing the commissioning of our Terronera project and integrating it into our production profile. This will bring us one step closer to realizing our goal of becoming a senior silver producer,” commented Dan Dickson, CEO of Endeavour.
Endeavour Silver last traded at $5.13 on the TSX.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
