The call highlighted strong progress on the Terronera project and effective cost management leading to increased revenue. However, significant operational challenges at Guanacevi impacted capacity and led to a higher net loss, balancing the overall sentiment.
Company Guidance
During the Q3 2024 earnings call for Endeavour Silver Corp, the company provided detailed guidance on several key metrics. Silver equivalent production for the quarter totaled 1.6 million ounces, comprising 875,000 ounces of silver and 9,300 ounces of gold, aligning well with the updated 2024 production guidance of 7.3 to 7.6 million silver equivalent ounces. Despite operational challenges, including a trunnion failure at the Guanacevi mine which limited processing capacity to 50%, the mine is expected to return to full capacity within 15 weeks. Financially, the company recorded a net loss of $17 million but achieved an adjusted income of $1.6 million, improving from an adjusted loss of $8.3 million in Q3 2023. Revenue increased by 8% to $53 million year-over-year, while cost of sales decreased by 12% to $41 million. At the Terronera project, surface construction reached 77% completion with $258 million spent to date, remaining on track for commissioning by the end of 2024. The company's cash position stood at $55 million with working capital of $29 million as of September 30, 2024.
Revenue and Cost Management
Top line revenue of $53 million, up 8% year-over-year. Cost of sales totaled $41 million, a decrease of 12% compared to Q3 2023, driven by lower silver ounces sold and cost management measures at Guanacevi.
Terronera Project Progress
Terronera surface construction reached 77% completion with $258 million spent, and the project remains on track for commissioning near the end of the year.
Positive Community Engagement
The company supported local initiatives such as an early-childhood development center, scholarships, and environmental education, receiving positive community support.
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Endeavour Silver (TSE:EDR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:EDR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 05, 2024
C$6.59
C$6.51
-1.21%
Aug 01, 2024
C$6.22
C$5.04
-18.97%
May 09, 2024
C$3.75
C$4.54
+21.07%
Mar 11, 2024
C$2.56
C$2.93
+14.45%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Endeavour Silver (TSE:EDR) report earnings?
Endeavour Silver (TSE:EDR) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Endeavour Silver (TSE:EDR) earnings time?
Endeavour Silver (TSE:EDR) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.