Will Rising Silver Output and Expanding Losses Shift Endeavour Silver's (TSX:EDR) Long-Term Outlook?

• Endeavour Silver reported its second quarter 2025 results, showing sales of US$88.6 million and a net loss of US$20.46 million, with silver production increasing to 1,483,736 ounces but gold output declining.
• While revenue and silver output rose meaningfully compared to a year ago, persistent wider losses highlight ongoing pressures despite operational improvements.
• We'll explore how the company's ability to boost silver production amid expanding losses affects its longer-term growth narrative and profit outlook.

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Endeavour Silver Investment Narrative Recap

To be a shareholder in Endeavour Silver, you need conviction in the company’s path to restoring profitability through scaling up production at new mines like Terronera while managing persistent losses and liquidity pressures. The latest Q2 2025 results, stronger silver output but wider net loss, do little to change the near-term catalyst of moving Terronera to full commercial production, though they underline that ongoing losses remain the dominant risk. The recent figures heighten concerns about how soon growth ambitions can translate into positive earnings.

Among recent announcements, the August 2025 progress update from the Terronera mine stands out: with higher grades expected soon and ramping up throughput, success here could be pivotal in reversing the trend of net losses, which have grown quarter over quarter. This update ties directly to both the main growth catalyst, the step change from Terronera, and the company’s biggest operational risk if commissioning issues are not resolved quickly.

On the other hand, investors should be aware of the liquidity risks stemming from ongoing losses and a negative working capital position…

Read the full narrative on Endeavour Silver (it's free!)

Endeavour Silver's narrative projects $685.7 million in revenue and $148.0 million in earnings by 2028. This requires 40.4% yearly revenue growth and a $217.6 million increase in earnings from the current level of -$69.6 million.

Uncover how Endeavour Silver's forecasts yield a CA$9.08 fair value, a 14% upside to its current price.

Exploring Other Perspectives

Ten individual fair value estimates from the Simply Wall St Community span US$1.86 to US$51.43, reflecting a striking range of outlooks on Endeavour Silver. While Terronera’s ramp-up remains the main earnings catalyst, persistent net losses highlight the uncertainty shaping market opinion.

Explore 10 other fair value estimates on Endeavour Silver - why the stock might be worth less than half the current price!

Build Your Own Endeavour Silver Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Endeavour Silver research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
• Our free Endeavour Silver research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Endeavour Silver's overall financial health at a glance.

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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.

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