Endeavour Silver Q2 revenue up 46%, beats analyst estimates

Overview

• Endeavour Silver Q2 revenue rises 46%, beating analyst expectations, per LSEG data

• Adjusted EPS for Q2 misses consensus, impacted by Terronera losses

• Company completed Minera Kolpa acquisition, boosting production capacity

Outlook

• Company expects Terronera to achieve commercial production soon

• Endeavour Silver focuses on operational efficiency and capital management

• Company highlights growth potential from Minera Kolpa acquisition

• Endeavour Silver sees expanded resource base enhancing future opportunities

Result Drivers

• MINERA KOLPA INTEGRATION - Increased silver equivalent production by 13% due to Minera Kolpa acquisition

• HIGHER REALIZED PRICES - Revenue boosted by higher sales volumes and favorable market prices for silver and gold

• TERRONERA IMPACT - Operating losses from Terronera project during commissioning phase affected results

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

• Wall Street's median 12-month price target for Endeavour Silver Corp is C$9.08, about 12.8% above its August 12 closing price of C$7.92

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX6jLVxK