Endeavour Silver Corp. (EXK,EDR.TO), a Canadian miner, on Thursday reported a decline in gold and silver production for the fourth quarter. However, the company posted an improvement in annual gold output.
For the three-month period to December 31, 2024, the company recorded gold output of 9,075 ounces, lower than 9,608 ounces, registered for the same period last year. This is primarily due to the decrease in throughput, partially offset by higher gold grades mined at both Guanaceví and Bolanitos as well as higher gold recoveries.
Silver production declined to 824,529 ounces from the prior year's 1,406,423 ounces, due to 25 percent lower throughput caused by reduced operating capacity at Guanaceví after the trunnion failure in August.
For the full year, gold output was 39,047 ounces, higher than 37,858 ounces in 2023.
Annual silver production slipped to 4,471,824 ounces from 5,672,703 ounces a year ago.
Endeavour Silver will release its annual financial results on March 11.
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