Silver tops $82, sharp rise in silver stocks

A lower US dollar, easing geopolitical tensions and ongoing supply issues have pushed silver prices higher again and silver stocks are seeing a rise in today’s trading session.

Endeavor Silver Corp. (NYSE: EXK) (
TSX:EDR) makes the TSX the top percentage gainer, currently trading at $15.25 +2.57, up more than 20% on the TSX.

Endeavor Silver announced its financial and operating results for the three months ending March 31, 2026. The company will host a conference call to discuss these results on Thursday, May 7 at 10:00 am PT/1:00 pm EDT; Further details are provided in this news release. All dollar amounts are in US dollars ($).

“Endeavor delivered exceptional results in the first quarter of 2026, with strong quarterly growth driven by increased production,” said Chief Executive Officer Dan Dixon. “We reached new records in both production and revenue, which underscores the strength of our operations, the dedication of our team, and the benefit of strong silver and gold prices. The company also saw significant growth in operating cash flow.”

“With a solid financial foundation and the successful completion of the Colpa plant expansion and Teronera operating close to design criteria, Endeavor is well positioned to achieve its production targets for the remainder of the year. These results highlight our commitment to operational excellence while creating sustainable value for our shareholders.”

Q1 2026 highlights

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  Higher production boosts quarterly growth:Consolidated production of 1,875,375 ounces (“Ounces”) of silver and 11,740 ounces of gold for 3.3 million ounces silver equivalent (“AgEq”) (1). Production was 78% higher than the same period in 2025.
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  Record ounces sold at record actual price:$209.7 million from the sale of 1,642,220 ounces of silver and 10,942 ounces of gold at an average realized price of $85.95 per ounce silver and $5,035 per ounce gold, as well as base metals sales of $209.7 million. Revenue is 230% higher than the same period in 2025.
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  Strong mine operating cash flow: $114.6 million(2) in mine operating cash flow before taxes, an increase of 419% compared to the same period in 2025.
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  Fixed Operating Cost: Cash costs(2) of $22.54 per ounce of silver payables and all-in sustaining costs(2) of $37.03 per ounce, net of by-product credits, compared to $19.05 and $41.19, respectively, in the fourth quarter of 2025.
• 
  Strong cash position: $231.8 million in cash as of March 31, 2026.
• 
  High Production Capacity: The plant expansion at Kolpa is completed with completion expected to be in line with guidance for the remainder of 2026.

Bolanitos Sale Finalized: On January 15, 2026, the Company completed the sale of the Bolanitos silver and gold mine (see January 15, 2026 news release here) and realized a profit on the sale of $35.6 million. Bolanitos results for the first 15 days of 2026 are included in the company’s financial results.

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