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Endeavour Silver provides 2026 production and cost guidance
Summary
Endeavour Silver released its consolidated 2026 guidance, forecasting 8.3–8.9 million ounces of silver from Terronera, Guanaceví and Kolpa and consolidated cash costs of $12.00–$13.00 per payable silver ounce (net of by-product credits). The release also outlines sustaining capital of $91.0 million and project spending, including $65.8 million planned for the Pitarrilla project.
Content
Endeavour Silver issued its consolidated production, cost and capital guidance for 2026 covering its Terronera, Guanaceví and Kolpa mines. The release reports projected metal outputs, unit cost ranges, and planned sustaining and growth capital for the year. Management frames 2026 as Terronera's first full year of production and notes Kolpa's recent integration into the operating portfolio. The note also includes forward-looking assumptions and a cautionary statement about risks and uncertainties.
Key figures:
- Silver production across Terronera, Guanaceví and Kolpa is projected at 8.3–8.9 million ounces in 2026, with gold output from Terronera and Guanaceví forecast at 46,000–48,000 ounces.
- Kolpa is expected to add base metals production of about 22,000–24,000 tonnes of lead, 16,000–18,000 tonnes of zinc and 650–750 tonnes of copper; the three mines together are forecast to deliver 14.6–15.6 million silver equivalent ounces (AgEq).
- Consolidated cash costs are projected at $12.00–$13.00 per payable silver ounce net of by-product credits, and consolidated all-in sustaining costs (AISC) at $27.00–$28.00 per payable silver ounce, net of by-product credits.
- Planned sustaining capital for 2026 across the operating mines is $91.0 million. The company also plans $65.8 million for advancing the Pitarrilla project, including feasibility work and development spending.
- The Kolpa plant expansion is estimated to be completed in Q1 2026, subject to final operating permit approval.
Summary:
These guidance figures reflect Terronera entering its first full year of production and Kolpa being fully integrated into the company’s operating portfolio. The budget includes significant sustaining and project capital, with management’s cost and production forecasts based on specified metal price and exchange rate assumptions. The release also highlights that results could differ from guidance due to a range of risks and uncertainties and provides references to the company’s public filings for further detail.
