07:17 AM EDT, 04/09/2025 (MT Newswires) -- Endeavour Silver ( EXK ) on Wednesday reported an 18% first-quarter decline in silver and gold production.

In the quarter, the company produced 1.9 million ounces silver equivalent, down from 2.3 million ounces. Consolidated silver production of 1.2 million ounces was in line with guidance. The decrease was attributed to 24% lower silver production at the Guanacevi mine, offset by 53% higher silver production at the Bolanitos mine.

Consolidated gold production of 8,338 ounces was 18% lower due to a 28% drop in gold production at the Bolanitos mine and 3% lower gold production at the Guanacevi mine.

The company sold 1.2 million silver ounces and 8,538 gold ounces during the first quarter. At quarter-end, the company held 219,151 silver ounces and 715 gold ounces of bullion inventory and 31,232 silver ounces and 452 gold ounces of concentrate inventory.

Endeavour's share price at last look was 4.8% higher at US$3.30 in U.S. pre-market trading.