EXK Earnings Prediction
The chart below shows how EXK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EXK sees a +0.17% change in stock price 10 days leading up to the earnings, and a -2.99% change 10 days following the report. On the earnings day itself, the stock moves by +1.45%. This data can give you a slight idea of what to expect for the next quarter's release.
EXK Key Earning Data
2024/Q4
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EXK Earnings Analysis
Endeavour Silver Corp Corporation (EXK.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Endeavour Silver Corp. reported an EPS of $0.02, beating expectations of $-0.01.
Gold Price Surge: Gold prices surged 27% in 2024, closing at $2,624 per ounce, which positively impacts silver prices.
Silver Production Achievement: Endeavour Silver produced 7.6 million ounces of silver equivalent, achieving the higher end of revised guidance of 7.3 to 7.6 million ounces.
Revenue Increase 2024: Total revenue for 2024 was $218 million, up 6% compared to 2023.
Adjusted Net Earnings: The company recognized adjusted net earnings of $8 million or $0.03 per share after excluding certain losses.
Cash Cost Reduction: Consolidated cash cost per ounce net of byproduct credits decreased by 4% to $12.99, driven by higher byproduct gold sales.
Cash Position Increase: As of December 31, 2024, the company’s cash position was $106 million, with working capital of $79 million, showing an increase in Q4.
Pitarrilla Project Advancement: Endeavour is advancing the Pitarrilla project with a $26 million budget for exploration and development, which is one of the largest undeveloped silver deposits globally.
Terronera Project Progress: Construction at the Terronera project reached 89% completion, with significant progress made in underground development and infrastructure.
Terronera Mine Launch: The company is on track to bring the Terronera mine online in Q2 2025, marking a transformative milestone for Endeavour.
Negative
Cost of Sales Increase: Cost of sales increased approximately 4% compared to the previous year, driven by lower economies of scale from lower throughput and fixed costs incurred during the Trunnion failure at Guanacevi.
Operating Cost Increase: Direct operating cost per tonne were up 8% for the year primarily due to the lower throughput at Guanacevi.
Increased All-in Sustaining Costs: All-in sustaining costs increased by 4% to $23.88 per ounce compared to the prior year, due to lower production of silver ounces.
Q3 2024 Guidance Reduction: Guidance was lowered in Q3 2024 due to a trunnion failure at the Guanacevi mine, which impacted throughput from August to December.
Silver Production Challenges: While the company reported an increase in revenue, the overall production was impacted by challenges at the Guanacevi mine, which affected silver output.
Adjusted Net Earnings Analysis: The company recognized an adjusted net earnings of $8 million, which indicates limited profitability despite beating earnings expectations.
Project Cost Concerns: The total estimated project cost for Terronera is $332 million, which is higher than initially anticipated, raising concerns about budget overruns.
EXK FAQs
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EXK Earning Call Sentiment
Endeavour Silver Corp. (NYSE:EXK) Q4 2024 Earnings Call Transcript
EXK.N
-1.39%Positive
The earnings call reveals mixed signals: positive elements like a record revenue, improved EPS, and a strong cash position are counterbalanced by a net loss, production challenges, and cost pressures. The lack of a shareholder return plan and unclear guidance on future capital expenditures add uncertainty. Despite optimistic guidance for Terronera, ongoing risks and the absence of a significant new partnership announcement or clear shareholder returns suggest a neutral outlook. The market reaction is likely to be muted, resulting in a stock price movement between -2% and 2% over the next two weeks.
