Endeavour Silver Produces 7.6 Million Silver Equivalent Ounces in 2024

Endeavour Silver (TSX: EDR) reported this morning that in the fourth quarter it managed to produce 1.6 million silver equivalent ounces. Production consisted of 824,529 ounces of silver and 9,075 ounces of gold.

Metal sales during the fourth quarter meanwhile totaled 654,519 ounces of silver and 8,343 ounces of gold.

Fourth quarter production declined 21% on a year over year basis, falling from $5.7 million ounces, which was the result of a fifteen week period of reduced operating capacity due to a trunnion failure at Endeavour’s Guanacevi operation in August. The failure forced the facility to operate at a rate of 620 tonnes per day, half its nameplate capacity of 1,200 tonnes per day, until repairs were completed in mid-December.

For the full fiscal year, Endeavour saw production of 7.6 million silver equivalent ounces, consisting of 4.47 million silver ounces and 39,047 ounces of gold. Production hit the upper end of revised guidance, which had called for silver equivalent production of 7.3 to 7.6 million ounces. That guidance was based on silver production between 4.4 to 4.6 million ounces, and gold production between 36,000 and 38,000 ounces.

Original guidance had called for 2024 production of 8.1 to 8.8 million silver equivalent ounces, which was based on estimates of 5.3 to 5.8 million ounces of silver and 34,000 to 38,000 ounces of gold being produced. Guidance however was reduced in August following the failures at Guanacevi.

Endeavour Silver last traded at $5.08 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.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

BMO Lifts Endeavour Silver’s Price Target Following Better Than Expected Q1 Results

On April 11th, Endeavour Silver Corp. (TSX: EDR) announced its first quarter of 2021 production...

Thursday, April 14, 2022, 11:24:00 AM

Endeavour Silver Beats BMO’s Production Estimates By 30%

Last week, Endeavour Silver Corp. (TSX: EDR) announced their third quarter production highlights. For the...

Thursday, October 14, 2021, 03:20:00 PM

Endeavour Silver: BMO Reiterates Price Target Despite Big Production Beat

Endeavour Silver Corp. (TSX: EDR) last week reported its second-quarter production results. The company announced...

Thursday, July 14, 2022, 02:25:00 PM

Endeavour Silver Reports Q1 Production Decline With 1.9 Million Silver Equivalent Ounces Produced

Endeavour Silver (TSX: EDR) saw a decline in its first quarter production on a year...

Wednesday, April 9, 2025, 10:04:00 AM

Endeavour Silver Forecasts Production Midpoint Of 7.45 Million Silver Equivalent Ounces In 2025

Endeavour Silver (TSX: EDR) has released its guidance for 2025, with the company calling for...

Wednesday, January 15, 2025, 09:48:37 AM