Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) reports third quarter 2026 production of 2,096,545 silver ounces (“oz”), 10,126 gold oz, and in combination with base metals, a silver equivalent(1) production of 3.6 million oz.
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Corp. → report → oz
“Despite temporary operational disruptions, we are encouraged by our underlying metrics in the third quarter, with the Terronera plant reaching optimal processing performance and the Kolpa expansion exceeding expectations.” commented Dan Dickson, Chief Executive Officer.
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Dickson → encourage → expectations
“This performance reflects the focus and resilience of our teams, who responded effectively to temporary operational disruptions while maintaining a strong commitment to safe production.
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who → reflect → production
With these challenges successfully managed and with our operations continuing to advance, we are well positioned to build on this progress and carry positive momentum into the fourth quarter.
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we → manage → quarter
Metal recoveries have further improved through continued process refinement, resulting in consolidated production in line with plan and silver equivalent(1) production of 3.6 million oz, compared to 3.4 million produced in Q2 2026.
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recoveries → improve → Q2
- Kolpa Further Increases Throughput:
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Kolpa → increase → Throughput
Throughput increased in Q3 2026 to 256,052 tonnes, compared to 233,408 tonnes in Q2 2026, reflecting the continued benefits of the plant expansion commissioned at the end of Q1 2026.
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Throughput → increase → Q1
Operations at the Terronera mine were suspended from August 12 to August 24, 2026, resulting in a slightly lower Q3 throughput of 165,171 tonnes compared to 175,729 tonnes in Q2 2026.
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Operations → suspend → Q2
During the quarter, metal recoveries improved with optimization and refinement within the plant.
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recoveries → improve → plant
Sill development commenced in the high-grade zones of Terronera.
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development → commence → Terronera
The mill was taken offline on September 21 to replace the primary mill head and trunnion, with repairs expected to be completed in the first half of October.
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repairs → take → October
During this period, processing has continued at a lower throughput.
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processing → continue → throughput
This resulted in lower than planned throughput for the quarter of 89,722 tonnes.
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This → result → tonnes
Ore grades improved compared to the prior quarter; however, higher prices enable mining in lower grade areas, extending mine life.
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prices → improve → life
A total of 363,854 silver oz and 1,346 gold oz of bullion inventory and 59,547 silver oz and 306 gold oz in concentrate inventory were held as at September 30, 2026.
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total → hold → September
Consolidated silver production was 2,096,545 oz in Q3 2026, slightly below plan, and 19% higher than 1,766,926 oz produced in Q3 2025.
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production → produce → Q3
Higher production is attributed to the higher silver production from Kolpa and the additional 710,670 oz of silver contributed by Terronera, which achieved commercial production on October 1, 2025.
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which → attribute → October
These higher contributions were partially offset by the sale of Bolañitos which was finalized on January 15, 2026.
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which → offset → January
Silver production at Guanaceví was 31% lower in Q3 2026 compared to Q3 2025, predominantly due to 24% lower silver grades and 10% lower throughput.
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production → compare → grades
Consolidated gold production was 10,126 oz in Q3 2026, 39% higher than 7,285 oz produced in Q3 2025.
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production → produce → Q3
Higher production is primarily attributable to the addition of 7,157 oz from Terronera, partially offset by the sale of Bolañitos.
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production → offset → Bolañitos
Terronera’s Q3 2026 production was slightly below plan, reflecting lower throughput during the blockade in August.
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production → reflect → August
In September 2026, following the resolution of the blockade, Terronera processed 60,313 tonnes and produced 299,398 oz of silver and 2,472 oz of gold during the month.
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Terronera → follow → month
During Q3 2026, Terronera recoveries averaged 88.0% for silver and 75.0% for gold, slightly above Q1 and Q2 2026 and in line with plan.
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recoveries → average → plan
Recoveries improved during the quarter, as shown in the monthly production results table below, trending from 85.6% in July and 86.2% in August achieving a recovery of 91.1% in September reflecting the success of optimization work undertaken during the period.
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Recoveries → improve → period
Ore grades of 152 grams per tonne (gpt) compared to 126 in Q2 2026 for silver and 1.80 gpt of gold compared to 1.87 in Q2 2026 for gold were in line with plan for the quarter.
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grades → compare → quarter
Grades improved as planned with sill development in higher grade zones commencing during the quarter.
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development → improve → quarter
Grades were higher than in the preceding quarters but lower than Q3 2025 due to the planned mining sequence through lower-grade areas of the deposit and higher than planned dilution.
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Grades → precede → deposit
Supplies of local third-party mill feed continued to supplement Guanaceví production, amounting to 33% of quarterly throughput.
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Supplies → continue → throughput
Kolpa’s throughput in Q3 2026 was 256,052 tonnes producing 682,903 oz of silver, compared to 233,408 tonnes producing 633,288 oz of silver in Q2 2026, following the plant ramp-up to 2,500 tonnes per day at the end of Q1 2026.
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throughput → produce → Q1
The processed material in Q3 2026 averaged grades of 92 g/t silver, 2.67% lead, 2.08% zinc and 0.25% copper.
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material → process → silver
Despite the slightly lower grades, due to the significant increase in throughput, production of silver exceeded plan while production of base metals remained in line with plan.
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production → exceed → plan
With operational interruptions at Terronera and Guanaceví during the quarter, the Company will be performing recalculations of full year production and cost guidance.
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Company → perform → production
Production for the full year is expected to be at or slightly below the low end of the guided range.
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Production → expect → range
A guidance update will be provided with the third quarter earnings release on November 9, 2026.
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update → provide → November
Silver equivalent for 2026 is calculated using 90 silver oz to 1 gold oz; 45 silver oz to 1 lead tonne; 61 silver oz to 1 zinc tonne; 238 silver oz to 1 copper tonne.
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equivalent → calculate → tonne
Silver equivalent for 2025 is calculated using 80 silver oz to 1 gold oz; 60 silver oz to 1 lead tonne; 85 silver oz to 1 zinc tonne; 300 silver oz to 1 copper tonne ratios.
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equivalent → calculate → tonne
Bolañitos mine was sold January 15, 2026, and is included in the consolidated results above.
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mine → sell → results
Production Tables for the Three Months Ended September 30, 2026, by mine
Totals may not add up due to rounding.
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Totals → end → rounding
1 Silver equivalent for 2026 is calculated using 90 silver oz to 1 gold oz; 45 silver oz to 1 lead tonne; 61 silver oz to 1 zinc tonne; 238 silver oz to 1 copper tonne.
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equivalent → calculate → tonne
…and 22 more, not listed.
The Aporia
