News

Published on 10 Aug 2022 on Zacks via Yahoo Finance

Endeavour Silver (EXK) Q2 Earnings & Revenues Miss Estimates


Article preview image

Endeavour Silver Corporation EXK reported a loss per share of 2 cents for second-quarter 2022. The Zacks Consensus Estimate was of earnings of 1 cent. EXK had recorded earnings of a penny per share in the year-ago quarter. Due to the decline in silver prices during the quarter, EXK had decided to withhold a certain amount of silver sales, which affected its top and bottom line, and cash flow.  EXK is currently holding around 1.6 million silver equivalent ounces in finished goods inventory, which will be sold when prices eventually pick up.Endeavour Silver’s revenues plunged 35% year over year to $31 million in the quarter under review and also missed the Zacks Consensus Estimate of $36 million. This was mainly due to lower silver sales during the quarter. The average realized silver price was $22.72 per ounce in the quarter, down 15% year over year. The average realized gold price was down 1% to $1,840 per ounce in the quarter. EXK sold 602,894 ounces of silver in the quarter (down 46% year over year) and 9,792 ounces of gold (flat year over year).  Total production in the second quarter of 2022 was 2.1 million silver equivalent ounces, consisting of 1.36 million ounces of silver and 9,289 ounces of gold. Compared to the last year’s comparable quarter, production was up 7%.

Endeavour Silver Corporation Price, Consensus and EPS Surprise

Endeavour Silver Corporation Price, Consensus and EPS SurpriseEndeavour Silver Corporation Price, Consensus and EPS Surprise

NYSE.ASH price evolution
NYSE.CBT price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Ashland's (ASH) Earnings Beat Estimates in Q4, Revenues Lag

Ashland Global Holdings Inc. ASH recorded profits from continuing operations of $60 million or $1...

Zacks via Yahoo Finance 11 Nov 2022

Comstock (LODE) Closes Daney Ranch Property Sale for $2.7M

Comstock Inc. LODE completed the sale of one of its three major non-mining assets, the Daney Ranc...

Zacks via Yahoo Finance 18 Aug 2022

BHP Group (BHP) FY22 Earnings and Revenues Increase Y/Y

BHP Group BHP reported a record underlying attributable profit of $23.8 billion for fiscal 2022 (...

Zacks via Yahoo Finance 16 Aug 2022

Fortuna Silver (FSM) Q2 Earnings Miss, Revenues Rise Y/Y

Fortuna Silver Mines Inc. FSM reported second-quarter 2022 adjusted earnings per share of 1 cent ...

Zacks via Yahoo Finance 12 Aug 2022

Wheaton (WPM) Q2 Earnings & Sales Beat Estimates, '22 View Down

Wheaton Precious Metals Corp. WPM reported adjusted EPS of 33 cents in second-quarter 2022, beati...

Zacks via Yahoo Finance 12 Aug 2022

Franco-Nevada (FNV) Q2 Earnings & Sales Beat Estimates, Up Y/Y

Franco-Nevada Corporation FNV reported adjusted earnings of $1.02 per share in second-quarter 202...

Zacks via Yahoo Finance 11 Aug 2022

Endeavour Silver (EXK) Q2 Earnings & Revenues Miss Estimates

Endeavour Silver Corporation EXK reported a loss per share of 2 cents for second-quarter 2022. Th...

Zacks via Yahoo Finance 10 Aug 2022

Comstock Mining (LODE) Q2 Earnings & Revenues Miss Estimates

Comstock Mining LODE recently announced selected financial results for the second quarter of 2022...

Zacks via Yahoo Finance 10 Aug 2022

Veritiv (VRTV) Surpasses Q2 Earnings Estimates, Hikes '22 View

Veritiv Corporation VRTV reported record earnings per share (EPS) of $6.12 in second-quarter 2022...

Zacks via Yahoo Finance 10 Aug 2022

Hecla Mining (HL) Q2 Earnings Beat Estimates, Revenues Lag

Hecla Mining’s HL second-quarter 2022 adjusted earnings per share of 4 cents beating the Zacks Co...

Zacks via Yahoo Finance 9 Aug 2022