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Endeavour Silver Corporation EXK reported adjusted earnings per share of 2 cents for the quarter, flat year over year. The bottom line surpassed the Zacks Consensus Estimate of a loss of 1 cent.
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Including one-time items, EXK reported a break-even bottom line in the fourth quarter of 2024 compared with earnings of 1 cent in the fourth quarter of 2023.
Endeavour Silver Corporation Price, Consensus and EPS Surprise
Endeavour Silver Corporation price-consensus-eps-surprise-chart | Endeavour Silver Corporation Quote
Endeavour Silver’s Revenues Decline in Q4 on Low Volumes
The company’s revenues plunged 16% to $42 million from $51 million in the fourth quarter of 2023. The top line missed the Zacks Consensus Estimate of $48 million.
EXK sold 654,519 ounces of silver in the fourth quarter (down 51% year over year) and 8,343 ounces of gold (down 11% year over year). The average realized silver price was $31.56 per ounce in the quarter, up 33% year over year. The average realized gold price increased 29% year over year to $2,647 per ounce in the quarter.
EXK’s Q4 EBITDA Dips Y/Y
Endeavour Silver recorded cash costs per silver ounce of $13.68, up 9% from the year-ago quarter. Total production costs per ounce rose 19% year over year to $21.00. All-in-sustaining costs of $27.33 per silver-equivalent ounce marked a 27% rise from the year-ago quarter.
EXK reported a mine-operating profit of $7.7 million in the quarter under review compared with $5.4 million in the fourth quarter of 2023. Adjusted EBITDA was $8.5 million, reflecting an 8% decline from $9.3 million in the year-ago quarter.
Endeavour Silver’s Financial Position
The company ended 2024 with $106.4 million cash in hand. Cash generated from operating activities was around $19 million in 2024 compared with $12 million in 2023.
EKX’s 2024 Results
Endeavour Silver’s adjusted earnings were 3 cents per share in 2024 compared with 1 cent in 2023. Including one-time items, the company reported a loss of 13 cents against earnings of 3 cents in 2023. The Zacks Consensus Estimate for the company’s 2024 loss was pegged at 7 cents.
Revenues increased 6% year over year to $218 million. The top line missed the Zacks Consensus Estimate of $220 million. The company sold 4,645,574 ounces of silver (down 18% year over year) and 38,522 ounces of gold (down 4%). Average realized prices of $27.39 per oz of silver increased 15% year over year. The average realized price of gold was $2,397 per ounce, up 22% from 2023.