Sector: Silver mining
Geography: Mexico
COMM_EXK
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/EXK
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 209.7 y/y 230.2% | 83.7 y/y 1892.9% | 21.3 y/y 124.2% | 105.0 y/y 666.4% | 64.9 y/y — | 20.7 | -37.9 | 1253.7 y/y 72.2% | 644.7 y/y 42.6% | 42.4% | 15.9 | Link |
| 2025-12-31 | Q4 2025 (3M) | PARTIAL | 172.6 y/y 301.5% | 33.8 y/y 4405.9% | 25.0 y/y 13.8% | 58.8 y/y 159.1% | -23.8 y/y -2157.3% | 15.4 | -38.8 | 1235.7 y/y 71.8% | 579.1 y/y 19.5% | -21.9% | -202.7 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 135.8 y/y 152.5% | -4.5 y/y -226.7% | 24.1 y/y 228.2% | 19.6 y/y 80.0% | -41.5 y/y — | 27.1 | -34.6 | 1017.0 y/y 66.3% | 508.8 y/y 23.2% | -10.7% | 71.0 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 88.6 y/y 52.3% | -4.8 y/y -439.6% | 15.2 y/y 66.7% | 10.4 y/y -1.2% | -20.5 y/y — | 21.6 | -54.1 | 995.9 y/y 70.9% | 529.1 y/y 23.3% | -16.7% | 84.4 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 63.5 y/y 1.2% | 4.2 y/y 60.4% | 9.5 y/y 4.5% | 13.7 y/y 17.0% | -32.9 y/y — | 3.4 | -41.6 | 728.0 y/y 42.8% | 452.0 y/y 6.4% | -28.1% | 57.7 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 43.0 y/y -14.9% | 0.8 y/y 301.6% | 22.0 y/y 258.1% | 22.7 y/y 259.4% | 1.2 y/y -62.1% | -8.6 | -38.3 | 719.2 y/y 51.5% | 484.4 y/y 25.4% | -7.0% | 13.8 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 53.8 y/y 8.7% | 3.6 y/y — | 7.4 y/y -18.9% | 10.9 y/y 107.9% | -17.4 y/y — | 11.1 | -49.0 | 611.4 y/y 41.1% | 413.0 y/y 19.9% | -5.5% | 30.5 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 58.2 y/y 16.2% | 1.4 y/y -73.9% | 9.1 y/y 30.6% | 10.5 y/y -15.0% | -14.0 y/y — | 12.2 | -55.7 | 582.7 y/y 43.9% | 429.2 y/y 32.7% | -13.1% | -5.5 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 62.7 y/y 13.1% | 2.6 y/y -62.3% | 9.1 y/y 37.4% | 11.7 y/y -13.6% | -1.2 y/y -118.4% | 4.4 | -44.7 | 509.7 y/y 26.8% | 424.8 y/y 31.4% | -1.2% | -27.5 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 50.5 y/y — | 0.2 y/y — | 6.1 y/y — | 6.3 y/y — | 3.0 y/y — | 6.7 | -41.5 | 474.8 y/y — | 386.3 y/y — | 1.7% | -26.8 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 49.4 y/y — | -3.8 y/y — | 9.1 y/y — | 5.2 y/y — | -2.3 y/y — | 0.6 | -31.7 | 433.2 y/y — | 344.6 y/y — | -0.9% | -30.0 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 50.1 y/y — | 5.4 y/y — | 7.0 y/y — | 12.4 y/y — | -1.1 y/y — | 4.9 | -23.9 | 405.0 y/y — | 323.4 y/y — | -1.3% | -30.9 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 55.5 y/y — | 6.9 y/y — | 6.6 y/y — | 13.6 y/y — | 6.5 y/y — | -0.4 | -20.7 | 401.9 y/y — | 323.4 y/y — | — | -47.6 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Silver
| Year | Reserves, mln silver oz eq. |
|---|---|
| 2025 | 93.24 |
| 2024 | 98.34 |
| 2023 | 103.70 |
| 2022 | 110.51 |
| Year | Production, mln silver oz eq. | per day |
|---|---|---|
| 2026 | 3.34 * (3M) −27.3% | 36 599 |
| 2025 | 16.46 +86.1% | 45 109 |
| 2024 | 8.85 −1.3% | 24 237 |
| 2023 | 8.97 +0.0% | 24 568 |
| 2022 | 8.97 +8.7% | 24 568 |
| 2021 | 8.25 | 22 608 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 58spot vs LTM -8%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -99.7% ▼ -1.5 pp 1d
Main driver: Silver -8% vs LTM; revenue ×0.93 vs costs ×1.04; EBITDA 138→5; at 11.8× EV/EBITDA → -100%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Silver (rev) | +65% | 57.64 | 62.83 | 41.56 | -8% | -34% |
| Gold (rev) | +35% | 4 050.27 | 4 246.02 | 3 189.61 | -5% | -25% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 607 |
| LTM EBITDA | 138 |
| LTM cash costs (revenue − EBITDA) | 469 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×0.930 (-7%) |
| = Spot revenue | 564 |
| Revenue multiplier — 3y price | ×0.693 (-31%) |
| = 3-year-price revenue | 420 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 487 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 487 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 77 |
| = 3-year-price EBITDA | -67 |
| Conservative EBITDA = min(spot, avg) | 5 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 11.8x |
| Target EV = EV/EBITDA × conservative EBITDA | 59 |
| Net debt | 16 |
| Target market cap = EV − net debt | 18 |
| Current market cap | 2 337 |
Upside = target market cap ÷ current − 1 = -99.7%
Life of mine: 5 yrs — before haircut -99.2%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q3 | 49 | 61 | -18.7% | 5 | 13 | -60.9% |
| 2023 Q4 | 50 | 61 | -17.2% | 6 | 11 | -43.7% |
| 2024 Q1 | 63 | 53 | +19.3% | 12 | 10 | +22.5% |
| 2024 Q2 | 58 | 64 | -8.8% | 11 | 18 | -42.8% |
| 2024 Q3 | 54 | 66 | -18.3% | 11 | 18 | -39.1% |
| 2024 Q4 | 43 | 67 | -36.3% | 6 | 20 | -68.2% |
| 2025 Q1 | 64 | 63 | +0.7% | 14 | 17 | -21.2% |
| 2025 Q2 | 89 | 63 | +39.8% | 2 | 18 | -90.3% |
| 2025 Q3 | 136 | 77 | +75.8% | 20 | 22 | -10.1% |
| 2025 Q4 | 173 | 125 | +37.8% | 4 | 51 | -92.8% |
| 2026 Q1 | 210 | 210 | -0.2% | 113 | 102 | +10.7% |
Projected EV/EBITDA 4.1x · target 75th pct (3y) 11.8x · LTM avg 28.2x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Endeavour Silver (EXK) — from primary filings.
Endeavour Silver Corp. is a mining company that explores, develops, and produces silver and gold from properties in Mexico, Chile, Peru, and the United States.