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 +3.35% change in stock price 10 days leading up to the earnings, and a -2.38% change 10 days following the report. On the earnings day itself, the stock moves by -0.19%. This data can give you a slight idea of what to expect for the next quarter's release.
EXK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
53.44M
8.11%
-8.27%
Gross Margin
23.36%
328.62%
33.49%
Operating Margin
6.90%
189.26%
92.20%
Net Margin
-32.37%
587.26%
34.65%
EPS
-0.07
-600.00%
16.67%
No Data Available
EXK Earnings Analysis
Endeavour Silver Corp. Corporation (EXK.N) Earnings Conference Call
Positive
Revenue Increase Q3 2024: 1. Increased Revenue: Endeavour Silver reported top line revenue of $53 million for Q3 2024, reflecting an 8% increase year-over-year due to higher precious metal prices compared to Q3 2023.
Cost Management Success: 2. Cost Reduction: The cost of sales decreased by 12% to $41 million compared to Q3 2023, attributed to effective cost management measures at Guanacevi.
Production Guidance Update: 3. Production Guidance on Track: The company achieved silver equivalent production of 1.6 million ounces in Q3, aligning with the updated 2024 production guidance of 7.3 to 7.6 million silver equivalent ounces.
Solid Cash Reserves: 4. Strong Cash Position: As of September 30, 2024, Endeavour Silver maintained a solid cash position of $55 million, supporting ongoing operations and project developments.
Terronera Project Update: 5. Terronera Project Progress: The Terronera project reached 77% completion with over $258 million spent to date, remaining on track for commissioning near the end of Q4 2024.
Negative
Net Loss Comparison: 1. Net Loss Increase: The company reported a net loss of $17 million for Q3 2024, significantly higher than the $2.3 million loss in Q3 2023.
Operating Capacity Reduction: 2. Reduced Operating Capacity: Operations at the Guanacevi mine were reduced to approximately 50% capacity due to a primary ball mill failure, impacting overall production.
Cost Guidance Withdrawal: 3. Withdrawn Cost Guidance: Management withdrew cost guidance for 2024 in August due to the operational challenges faced during the quarter.
Increased Operating Costs: 4. Elevated Operating Costs: Direct operating costs on a per-ton and per-ounce basis were elevated due to the reduced operating capacity at Guanacevi.
Liquidity Concerns: 5. Cash Position Decline: Despite a cash position of $55 million as of September 30, the company has drawn down $25 million from its Senior Secure Debt Facility, indicating potential liquidity concerns.
EXK FAQs
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EXK Earning Call Sentiment
Endeavour Silver Corp. (EXK) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
EXK.N
-7.91%Positive
The earnings call reveals several challenges: a significant net loss increase, operational capacity issues, and financial strain. Although there's progress in the Terronera project and cost management, the absence of a shareholder return plan and unresolved operational risks weigh negatively. The Q&A section highlights community engagement but lacks clarity on financial commitments. The lack of a share buyback and the operational setback at Guana City further contribute to a negative sentiment, suggesting a stock price decline of -2% to -8%.
