Endeavour Silver Corp. (EXK) just reported steady progress at its Terronera mine in Jalisco, Mexico. In July, the mill processed 57,080 tonnes, averaging 1,841 tonnes per day (tpd), with current rates ranging from 1,900 to 2,000 tpd as recovery optimizations continue, highlights Peter Krauth, editor of Silver Stock Investor.
Since July 16, silver and gold recoveries have averaged 71% and 67%, respectively, while processing lower-grade material. Higher-grade ore will be introduced soon, and that's expected to boost recovery rates and support sustained throughput at the design capacity of 2,000 tpd.
(Editor’s Note: Peter is speaking at the Capitalizing on Metals, Mining, & Crypto Expo, scheduled for Sept. 23-24, 2025. Click HERE to register for a FREE pass.)
Endeavour Silver Corp. (EXK)
“We are very pleased with how well startup has progressed,” commented Don Gray, Chief Operating Officer. “Our Terronera team has really taken ownership with the mill startup and throughput increase, while simultaneously managing the challenges that arise in the early startup phase. Our focus on implementing our business readiness plan has well-positioned us for successful operation of Endeavour’s next core asset.”
EXK shares are up about 38% year to date. That’s below its peer group, but I think it will catch up as the market starts to price in big production growth and silver price leverage.
Recommended Action: Buy EXK.
