By Adriano Marchese
Endeavour Silver shares surged Thursday after the company reported strong first-quarter revenue growth on the back of higher production and precious metal prices.
Shares traded 21% higher at 15.33 Canadian dollars ($11.24).
The Vancouver, British Columbia-based miner late on Wednesday reported consolidated production of 1.88 million ounces silver and 11,740 ounces of gold. On a silver-equivalent basis, total production was of 3.3 million ounces, 78% higher than the same period in 2025.
The higher production supported a more than tripled rise in revenue, which came to $209.7 million, up from $63.5 million a year earlier.
The company's realized silver price was $85.95 an ounce, compared with $31.99 an ounce a year ago, while gold realized price per ounce was 73% higher at $5,035 an ounce.
Together, the higher output and realized prices of the precious metals supported a profit of $64.9 million, compared with a loss of $32.9 million a year earlier.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 07, 2026 10:45 ET (14:45 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.