Endeavour Silver Full Year 2024 Earnings: EPS Beats Expectations

Endeavour Silver (TSE:EDR) Full Year 2024 Results

Key Financial Results

• Revenue: US$217.6m (up 5.9% from FY 2023).
• Net loss: US$31.5m (down from US$6.12m profit in FY 2023).
• US$0.13 loss per share (down from US$0.031 profit in FY 2023).

EDR Production and Reserves

Silver

• Production: 4,471.8 troy koz (5,672.7 troy koz in FY 2023)
• Proved and probable reserves (ore): 8.218 Mt (8.574 Mt in FY 2023)
• Number of mines: 2 (2 in FY 2023)

Gold

• Production: 39.047 troy koz (37.858 troy koz in FY 2023)
• Proved and probable reserves (ore): 8.218 Mt (8.574 Mt in FY 2023)
• Number of mines: 2 (2 in FY 2023)

All figures shown in the chart above are for the trailing 12 month (TTM) period

Endeavour Silver EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%.

The primary driver behind last 12 months revenue was the Guanaceví segment contributing a total revenue of US$147.3m (68% of total revenue). Notably, cost of sales worth US$145.7m amounted to 67% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$39.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how EDR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 29% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Endeavour Silver's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.