Endeavour Silver Corp. Updates 2026 Production and Cost Guidance
VANCOUVER, British Columbia, January 16, 2026 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) has re-filed its 2026 production and cost guidance due to a correction in a previous announcement. This comprehensive update outlines production estimates for its Terronera, Guanaceví, and Kolpa mines, alongside capital and exploration budgets for the upcoming year. All figures are expressed in U.S. dollars (US$) and troy ounces.
Production and Cost Estimates for 2026
For 2026, Endeavour forecasts silver production from its operational mines to range between 8.3 million and 8.9 million ounces (oz). Additionally, gold production from the Terronera and Guanaceví mines is expected to reach between 46,000 and 48,000 oz. The Kolpa mine will contribute significantly with approximately:
- 22,000 to 24,000 tonnes of lead
- 16,000 to 18,000 tonnes of zinc
- 650 to 750 tonnes of copper
Together, these mines are projected to yield approximately 14.6 to 15.6 million silver equivalent ounces (AgEq).
Comparative Insights and Cost Projections
Notably, the prior year's guidance did not encompass the newly commissioned Terronera mine or the recently added Kolpa mine. Instead, it included the Bolañitos mine, which was sold on January 15. In comparison to Bolañitos, which had a higher proportion of gold output leading to increased by-product credits, Kolpa will focus on base metal production.
Endeavour anticipates consolidated cash costs for 2026 to range between $12.00 and $13.00 per payable silver ounce, while all-in sustaining costs (AISC) are expected to be between $27.00 and $28.00 per ounce. The reduction in cash costs is attributed to heightened silver production and favorable prices for gold and base metals, although these will be partially offset by lower gold output.
CEO’s Statement on Future Outlook
Dan Dickson, CEO of Endeavour, stated, “2026 marks a pivotal turning point for Endeavour as Terronera ramps up into its first full year of production and Kolpa becomes fully integrated into our operating portfolio. This year’s guidance signifies our evolution into a more diverse silver producer.” He emphasized the company’s commitment to lowering cash costs and its strategic approach to sustaining capital and exploration efforts, positioning Endeavour for long-term stakeholder value.
Detailed Production Guidance for 2026
Here's a summary of the production guidance for Endeavour's operating mines in 2026:
| Mine | Tonnes per Day (tpd) | Silver Production (M oz) | Gold Production (K oz) | Lead Production (K t) | Zinc Production (K t) | Copper Production (t) |
|---|---|---|---|---|---|---|
| Terronera | 1,950 - 2,050 | 2.4 - 2.6 | 35.0 - 36.0 | N/A | N/A | N/A |
| Guanaceví | 1,000 - 1,100 | 3.6 - 3.8 | 11.0 - 12.0 | N/A | N/A | N/A |
| Kolpa | 2,300 - 2,500 | 2.3 - 2.5 | N/A | 22.0 - 24.0 | 16.0 - 18.0 | 650 - 750 |
This data reflects Endeavour's focused strategy on enhancing production while optimizing operational costs at its key mining sites.