Silver Tops $82, Igniting Sharp Gains in Silver Stocks

A lower US dollar, easing geopolitical tensions and an ongoing supply issues have pushed silver prices again and silver stocks are running in today’s trading session.

Endeavour Silver Corp. (NYSE: EXK) ( TSX: EDR) makes the TSX top percentage gainer, currently trading at 15.25 +2.57, gaining over 20% on the TSX. 

Endeavour Silver announced its financial and operating results for the three months ended March 31, 2026. The Company will host a conference call to discuss these results on Thursday, May 7 at 10:00am PT/1:00pm EDT; details are provided further in this news release. All dollar amounts are in US dollars ($).

“Endeavour delivered exceptional results in the first quarter of 2026, with increased production driving strong quarterly growth,” said Dan Dickson, Chief Executive Officer. “We reached new records in both production and revenue, underscoring the strength of our operations, the dedication of our team and the benefit of robust silver and gold prices. The Company’s operating cash flow also saw significant growth.”

“With a solid financial foundation and the successful completion of the Kolpa plant expansion and Terronera operating near design criteria, Endeavour is well positioned to achieve its production goals for the remainder of the year. These results highlight our commitment to operational excellence while creating lasting value for our shareholders.”

Q1 2026 Highlights

• Higher Production Fuels Quarterly Growth: Consolidated production of 1,875,375 ounces (“oz”) Silver and 11,740 oz Gold for 3.3 million oz silver equivalent (“AgEq”)(1). Production was 78% higher than the same period in 2025.
• Record Ounces Sold with Record Realized Prices: $209.7 million from the sale of 1,642,220 oz of silver and 10,942 oz of gold at average realized prices of $85.95 per oz silver and $5,035 per oz gold as well as from sales of base metals. Revenue is 230% higher than in the same period in 2025.
• Strong Mine Operating Cash Flow: $114.6 million in mine operating cash flow before taxes(2), 419% higher than the same period in 2025.
• Steady Operating Costs: Cash costs(2) of $22.54 per oz payable silver and all-in sustaining costs(2) of $37.03 per oz, net of by-product credits compared to $19.05 and $41.19, respectively, in Q4 2025.
• Strong Cash Position: $231.8 million in cash as of March 31, 2026.
• Higher Production Capacity: Plant expansion at Kolpa has been completed with throughput expected to be in line with guidance for the remainder of 2026.

Bolañitos Sale Finalized: On January 15, 2026, the Company completed the sale of the Bolañitos silver and gold mine (see news release from January 15, 2026 here) and made a gain on the sale of $35.6 million. The Bolañitos results for the first 15 days of 2026 are included in the Company’s financial results.

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