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Endeavour Silver Starts Commercial Production at Terronera
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Key Takeaways
Endeavour Silver achieved commercial production at its Terronera mine effective Oct. 1, 2025.
The mine consistently operated above 90% capacity with metal recoveries at or above 90%.
EXK's Q3 2025 silver output surged 102% year over year to 1.77 million ounces.
Endeavour Silver Corp. (EXK - Free Report) announced that it has achieved commercial production at its Terronera mine in Jalisco state, Mexico, effective Oct. 1, 2025. This marks a major milestone for Endeavour Silver and places it as a leading mid-tier silver producer with a solid foundation for long-term growth and expansion.
This announcement follows a successful commissioning phase during which both mining and processing operations consistently exceeded 90% of the designed nameplate capacity of 2,000 tons per day, along with metal recoveries of at least 90% of projected levels.
Terronera has operated for 100 days since July 1, 2025, with eight days of downtime, maintaining robust metal recoveries since mid-August. This underscores the project’s operational strength and efficiency.
Endeavour Silver recently provided third-quarter 2025 production details. The company produced 3.04 million silver equivalent (AgEq) in the third quarter of 2025. This reflected an 88% increase from the year-ago quarter, driven by the addition of the Kolpa operation in May 2025 and steady results at its legacy mines.
Consolidated silver production was up 102% year over year to 1.77 million ounces. Excluding production from Kolpa, consolidated silver production in the third quarter was up 34% year over year. EXK’s total gold production in the quarter fell 22% year over year to 7,286 ounces.
Endeavour Silver falls under the Zacks Mining - Silver industry. Let’s have a look at how its peers fared in the third quarter.
Avino Silver & Gold Mines Ltd. (ASM - Free Report) produced 580,780 silver equivalent ounces in the third quarter of 2025. Even though the figure was down 13% year over year, it was in line with the company’s expectations due to routine mine sequencing. Avino Silver achieved 21% higher mill throughput, totaling 188,757 tons of material. This improvement was driven by previous upgrades and automation enhancements made by the company.
Avino Silver reported a 19% increase in gold output to 1,935 ounces, while silver production was down 7% to 263,231 ounces and copper production plunged 26% to 1.3 million pounds.
First Majestic Silver Corp.’s (AG - Free Report) total production reached 7.7 million AgEq ounces in the third quarter of 2025. The figure includes a record 3.9 million silver ounces and 35,681 gold ounces. It also includes 13.9 million pounds of zinc and 7.7 million pounds of lead. The AgEq ounces produced marked a solid 39% year-over-year increase, attributed to a 96% surge in silver production.
Buenaventura Mining’s (BVN - Free Report) gold production from direct operations was 30,894 ounces in the third quarter compared with 36,335 ounces in the year-ago quarter. Including Coimolache, the total gold produced was 34,950 ounces.
Buenaventura produced 4,278,658 ounces of silver from total direct operations, reflecting a 1% year-over-year rise. Including Coimolache, silver production was 4068,860 ounces. Buenaventura also produced 4,874 MT of lead, 6,989 MT of zinc and 12,770 MT of copper in the quarter.
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Endeavour Silver Starts Commercial Production at Terronera
Key Takeaways
Endeavour Silver Corp. (EXK - Free Report) announced that it has achieved commercial production at its Terronera mine in Jalisco state, Mexico, effective Oct. 1, 2025. This marks a major milestone for Endeavour Silver and places it as a leading mid-tier silver producer with a solid foundation for long-term growth and expansion.
This announcement follows a successful commissioning phase during which both mining and processing operations consistently exceeded 90% of the designed nameplate capacity of 2,000 tons per day, along with metal recoveries of at least 90% of projected levels.
Terronera has operated for 100 days since July 1, 2025, with eight days of downtime, maintaining robust metal recoveries since mid-August. This underscores the project’s operational strength and efficiency.
Endeavour Silver recently provided third-quarter 2025 production details. The company produced 3.04 million silver equivalent (AgEq) in the third quarter of 2025. This reflected an 88% increase from the year-ago quarter, driven by the addition of the Kolpa operation in May 2025 and steady results at its legacy mines.
Consolidated silver production was up 102% year over year to 1.77 million ounces. Excluding production from Kolpa, consolidated silver production in the third quarter was up 34% year over year. EXK’s total gold production in the quarter fell 22% year over year to 7,286 ounces.
Endeavour Silver falls under the Zacks Mining - Silver industry. Let’s have a look at how its peers fared in the third quarter.
Avino Silver & Gold Mines Ltd. (ASM - Free Report) produced 580,780 silver equivalent ounces in the third quarter of 2025. Even though the figure was down 13% year over year, it was in line with the company’s expectations due to routine mine sequencing. Avino Silver achieved 21% higher mill throughput, totaling 188,757 tons of material. This improvement was driven by previous upgrades and automation enhancements made by the company.
Avino Silver reported a 19% increase in gold output to 1,935 ounces, while silver production was down 7% to 263,231 ounces and copper production plunged 26% to 1.3 million pounds.
First Majestic Silver Corp.’s (AG - Free Report) total production reached 7.7 million AgEq ounces in the third quarter of 2025. The figure includes a record 3.9 million silver ounces and 35,681 gold ounces. It also includes 13.9 million pounds of zinc and 7.7 million pounds of lead. The AgEq ounces produced marked a solid 39% year-over-year increase, attributed to a 96% surge in silver production.
Buenaventura Mining’s (BVN - Free Report) gold production from direct operations was 30,894 ounces in the third quarter compared with 36,335 ounces in the year-ago quarter. Including Coimolache, the total gold produced was 34,950 ounces.
Buenaventura produced 4,278,658 ounces of silver from total direct operations, reflecting a 1% year-over-year rise. Including Coimolache, silver production was 4068,860 ounces. Buenaventura also produced 4,874 MT of lead, 6,989 MT of zinc and 12,770 MT of copper in the quarter.