Endeavour Silver Corp.

Endeavour Silver announced that a blockade at its flagship Terronera mine in Mexico has been removed, clearing the way for operations to restart nearly two weeks after suspension. The blockade was imposed by members of the local Ejido community demanding improvements in road maintenance, greater support for medical and communications services, control over the water supply, and increased financial assistance. The Terronera mine, which reached commercial production last October, has an annual capacity of 38,000 ounces of gold and 4 million ounces of silver, and in Q2 processed more than 175 metric tons and produced 582 ounces of payable silver at a cash cost of US$5.07 per ounce. National Bank of Canada's Alex Terentiew maintained an Outperform rating, saying the peaceful resolution bodes well for Endeavour's community relationships over the next 15-plus years at its longest-life, lowest-cost mine, despite a potential modest miss to fiscal 2026 production guidance.

Hecla Mining and Coeur Mining each surged 13% after the Treasury Department said it would at least double buybacks of long-dated government debt, pushing yields lower and lifting precious metals. The 10-year Treasury yield fell 5 basis points to 4.7%, while the 30-year yield declined 8 basis points to 5.2% after hitting its highest level since 2007 earlier this week. Lower yields reduce the opportunity cost of holding metals that pay no income, and miners like Hecla and Coeur carry heavy operating leverage to metal prices. Despite the rally, Hecla Mining stock was down 6% year to date through Tuesday's close, and Coeur Mining shares were up just 4%, so the move looks like a catch-up rather than a confirmed uptrend. First Majestic Silver leads silver peers with an 11% year-to-date gain, while Endeavour Silver has managed just 3%, both lagging the underlying metal.

Endeavour Silver Corp. reported second-quarter 2026 sales of US$212.1 million and net income of US$66.5 million, swinging from a loss a year earlier and contributing to six-month revenue of US$421.8 million and net income of US$131.4 million. Record production from the Terronera and Kolpa mines, along with higher metal prices, boosted cash flow even as royalties, mining taxes, labor and supply costs, and a stronger Mexican peso pushed operating expenses higher. The results ease near-term liquidity concerns but highlight that rising costs and currency pressures remain key risks as the company executes at new and legacy mines. The core growth story now rests on Terronera and Kolpa sustaining higher production and cash generation, with Pitarrilla as a longer-dated option.

Endeavour Silver Corp. announced positive drill results from its exploration program at the Terronera mine in Jalisco, Mexico. Since 2025, the company completed 43 drill holes totaling 7,015 metres on the La Luz system and 10 drill holes totaling 1,904 metres on the Terronera vein, marking the first exploration drilling at the mine since 2020. Highlights include hole LL-43 returning 574 grams per tonne silver and 23.92 grams per tonne gold for 2,607 grams per tonne silver equivalent over 1.06 metres true width, and hole TRU-001 returning 282 grams per tonne silver and 1.80 grams per tonne gold for 435 grams per tonne silver equivalent over 8.11 metres true width. The drilling extended mineralization along strike and at depth at both targets, with La Luz and Terronera remaining open. Management expects mining of the high-grade La Luz deposit to commence in 2027, while two drill rigs continue testing extensions at Terronera through mid-fourth quarter.