07:56 AM EDT, 05/09/2024 (MT Newswires) -- Endeavour Silver ( EXK ) on Thursday said it swung to an adjusted net loss in the first quarter.

The miner reported a net loss of US$200,000, or US$0.00 per share, from adjusted net earnings of US$4.5 million, or US$0.02 per share.

Revenue increased 15% to US$63.7 million while EBITDA slumped 30% to US$13.5 million.

The company produced 2.3 million ounces of silver equivalent, down 4% from the year-ago quarter. Silver production fell 10% to 1.5 million ounces and gold production was up 8% to 10,133 ounces.

Endeavour production is tracking towards the upper range of its full-year 2024 guidance.

"We are pleased to report a solid start to the year with consolidated production and operating costs meeting expectations," CEO Dan Dickson said.