Endeavour Silver Corp. reported a net loss of $20.5 million for the second quarter of 2025, compared to a net loss of $14.0 million in Q2 2024. The adjusted net loss was $9.2 million, compared to an adjusted net loss of $1.0 million in the prior year period. This was largely due to a $5.9 million operating loss at Terronera during its commissioning phase and increased depreciation and tax costs.
The company achieved robust revenue growth, with Q2 2025 revenue increasing by 46% year-over-year to $85.3 million, up from $58.3 million in Q2 2024. This significant increase was primarily driven by the successful integration of Minera Kolpa into the company's portfolio. Mine operating earnings, however, decreased to $7.7 million from $10.2 million in Q2 2024, impacted by Terronera's operating loss.
Direct operating costs per tonne increased slightly to $142.00, and consolidated cash costs per ounce were 14% higher at $15.35 per ounce. All-In-Sustaining Costs (AISC) in Q2 2025 increased by 9% to $25.16 per silver ounce. General and administrative expenses rose, primarily due to $3.6 million in acquisition costs related to Minera Kolpa, and the company also recorded a $10.0 million loss on derivative contracts.
In a management update, Endeavour Silver announced the promotion of Allison Pettit to Vice President, Investor Relations, effective August 1, 2025. Ms. Pettit, with over a decade of experience in the mining sector, will join the company's management team and continue to lead investor relations and communications strategies.
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