Endeavour Silver Targets 30% Production Growth Despite Cost Pressures

Endeavour Silver Corp.'s ambitious growth trajectory is set to drive significant production expansion, despite recent cost pressures. The mid-tier silver producer aims to nearly double its silver equivalent output over two years, with a target of 14.6 to 15.6 million ounces in 2026, representing approximately 30% growth versus 2025.

The company operates three mines: Guanaceví in Durango, Mexico; Kolpa in Huancavelica, Peru; and Terronera in Jalisco, Mexico. The newest mine, Terronera, has already commenced commercial production since October 1, 2025, with a reserve mix of 60% silver and 40% gold.

However, Q2 2026 actual results revealed operational challenges at all three mines, with higher costs due to lower grades and increased royalties. The company's original 2026 guidance assumed silver prices of $36 per ounce, below prevailing market levels during Q2 2026.