Endeavour Silver Reports Record Production of 11.2 Million Oz AgEq in 2025

Endeavour Silver Corp. announced a significant achievement in its annual production for 2025, with a total output of 6,486,661 ounces of silver and 37,164 ounces of gold. This performance culminated in a silver equivalent production of 11.2 million ounces, reflecting the company’s robust operational capabilities and strategic growth initiatives. The report was released on January 8, 2026, from the company’s headquarters in Vancouver, British Columbia.

In the fourth quarter of 2025 alone, Endeavour Silver produced 2,030,206 ounces of silver and 13,785 ounces of gold, contributing to a silver equivalent production of 3.8 million ounces. This remarkable growth was attributed to the successful ramp-up of operations at the Terronera mine and improved production levels across several sites, particularly Kolpa and Guanaceví.

Fourth Quarter Highlights

The fourth quarter results reflect an impressive year-over-year increase, with silver production rising by 146% compared to Q4 2024. This surge was largely driven by the contributions from the new Kolpa and Terronera mines, alongside enhanced output from Bolañitos, which shifted towards higher-grade silver production.

Despite challenges in the previous year, notably a trunnion failure at the Guanaceví mine, the operational strategies implemented have yielded positive outcomes. The recovery from earlier setbacks allowed Guanaceví to achieve a throughput increase of 78% compared to the same quarter the previous year.

At Terronera, which declared commercial production on October 1, 2025, throughput reached 154,180 tonnes, resulting in the extraction of 352,002 ounces of silver and 8,148 ounces of gold. The average grades for the processed material were 86 grams per tonne (g/t) of silver and 2.27 g/t of gold, although mining strategies during the quarter focused on lower-grade zones in preparation for a planned transition to higher-grade areas by the second half of 2026.

Operational Efficiency and Future Prospects

Endeavour Silver’s adaptability in its operations is evident in the performance of the Kolpa mine, which processed 198,830 tonnes of material, yielding 631,867 ounces of silver, alongside notable lead and zinc outputs. The company has made significant strides in increasing plant capacity, aiming for an operational throughput of 2,500 tonnes per day (tpd). A new crushing circuit has been commissioned, with the installation of a new ball mill expected to be completed in Q1 2026.

While Bolañitos experienced a 12% decline in throughput compared to Q4 2024, it still managed to achieve a 60% increase in silver production due to higher silver grades. Conversely, gold production at Bolañitos was down by 59% owing to lower grades.

Looking forward, Endeavour Silver remains focused on disciplined growth and delivering long-term value to its stakeholders. According to Dan Dickson, Chief Executive Officer, the company is committed to enhancing operational excellence and strategic investments that unlock substantial value as it advances its portfolio.

The financial results for Q4 2025 are scheduled for release before market open on February 27, 2026, followed by a conference call at 10:00 a.m. PST / 1:00 p.m. EST to discuss the findings.

Endeavour Silver continues to solidify its status as a mid-tier silver producer with four operating mines across Mexico and Peru, while also maintaining a strong pipeline of exploration projects in various countries. The company’s proven track record in responsible mining, combined with its commitment to organic growth, positions it well for future success in the evolving market landscape.

As Endeavour Silver navigates the complexities of the mining industry, it remains vigilant about the risks and uncertainties that could impact its operations and production levels, including market fluctuations and regulatory challenges. The company is dedicated to updating stakeholders as necessary, ensuring transparency and accountability in its operations.