Published on 10 Aug 2022 on Zacks via Yahoo Finance
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 Surprise