EXK · Endeavour Silver Corp.

Endeavour Silver Corp. delivered transformative Q1 2026 results with revenue surging 230% to $209.7 million from $63.5 million year-over-year, fueled by significantly higher silver and gold prices—realized silver at $85.95/oz (up 169%) and gold at $5,035/oz (up 73%)—alongside robust production growth. Silver output increased 56% to 1,875,375 oz and silver equivalent production jumped 78% to 3,341,943 oz, driven by contributions from Guanaceví, Kolpa (171,727 tonnes processed), and Terronera (175,418 tonnes), despite the early-quarter sale of Bolañitos. Plant throughput doubled to 456,657 tonnes. The standout event was the January 15, 2026, disposal of Bolañitos to Guanajuato Silver Company Ltd. for $55.9 million upfront (including $30 million cash, $20.2 million in shares, $5.7 million working capital adjustment) plus $7.6 million deferred consideration tied to production milestones, yielding a $35.6 million gain that propelled net earnings to $64.9 million from a $32.9 million loss last year. Mine operating earnings reached $93.5 million (up 628%), reflecting strong margins amid higher volumes and prices, though costs rose with cash costs per silver oz at $22.54 (up 42%). Balance sheet strengthened with cash at $231.8 million (up from $215.4 million year-end), working capital at $173.4 million, and equity at $644.7 million. Operating cash flow of $20.7 million supported $37.9 million in sustaining capex, offset by $27.5 million net proceeds from the sale. No forward guidance provided in the filing, but MD&A highlights operational ramp-ups at key mines as growth drivers.