Equity Profile

EXK

Endeavour Silver Corp.

MaterialsSilver$2.3B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Endeavour Silver Corp. (EXK) is a mining company focused on silver production, primarily in Mexico....

Key Metrics to Watch

Silver Production Volume

This metric indicates the company's operational efficiency and ability to meet market demand for silver.

N/A

Cost per Ounce of Silver

Understanding production costs is crucial for assessing profitability, especially in a volatile silver market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EXK Q2-2026 Earnings Preview

Context

Company Snapshot

Endeavour Silver Corp. (EXK) is a mining company focused on silver production, primarily in Mexico. With a market cap of $2 billion, it plays a significant role in the materials sector, particularly as silver demand fluctuates with economic conditions and investor sentiment.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-30.42%

Avg Stock Reaction

+0.63%

Last Quarter Recap

In Q1-2026, Endeavour Silver reported an earnings per share (EPS) of $0.21, significantly beating expectations of $0.10. The stock reacted positively, gaining 8.38% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the Q2-2026 earnings report, especially after a strong performance in the previous quarter. However, the lack of analyst estimates adds uncertainty to expectations.

Bull Case

If Endeavour Silver continues to produce strong earnings and manages costs effectively, it could see significant stock appreciation as investor confidence grows.

Bear Case

Conversely, if production costs rise or silver prices decline, the company may struggle to maintain profitability, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected silver production volume for Q2-2026?

Production levels will directly impact revenue and profitability, making this a key focus for investors.

What is the cost per ounce of silver produced this quarter?

Understanding production costs is essential for evaluating the company's profitability in the current silver market.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the impact of rising silver prices on Endeavour's profitability this quarter.

Supporting Evidence

The previous quarter's strong EPS surprise indicates potential for continued operational success.

Options pricing suggests significant volatility, which may reflect investor anticipation of a positive surprise.

Endeavour's historical ability to manage costs effectively could mitigate the impact of any silver price fluctuations.

Key Risk

If silver prices rise significantly above current levels, it could enhance profitability beyond current market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around production efficiency and cost management in a fluctuating silver market.

Bull Confirmed If

Achieving silver production of over 1 million ounces with a cost per ounce below $15 would confirm the bull case.

Bear Confirmed If

If production costs exceed $20 per ounce, it would likely confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±30.89%

Historical Avg

±7.6%

Pricing rich

The options market is pricing in a significant move, indicating heightened volatility expectations around the earnings report.

Options are pricing ±30.9% while EXK has averaged ±7.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

77.6%

Calls (146K)P/C Ratio: 0.08Puts (62K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Endeavour Silver beats expectations, history suggests a stock increase of around 16.28%, reinforcing bullish sentiment.

In-Line / Cautious

An in-line report may lead to a muted response, as investors digest management's commentary on future guidance.

Miss

A miss could result in a decline of approximately 1.70%, reflecting investor disappointment in production or cost management.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on silver production volume and any changes in guidance.
2Details on cost management strategies and production costs per ounce.
3Insights into market demand for silver and any changes in pricing outlook.
4Management's commentary on operational challenges or successes in Mexico.
5Any plans for future investments or expansions in production capacity.

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Company Snapshot

Endeavour Silver Corp. (EXK) is a mining company focused on silver production, primarily in Mexico....

Key Metrics to Watch

Silver Production Volume

This metric indicates the company's operational efficiency and ability to meet market demand for silver.

N/A

Cost per Ounce of Silver

Understanding production costs is crucial for assessing profitability, especially in a volatile silver market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EXK Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-30.42%

Avg Stock Reaction

+0.63%

Last Quarter Recap

In Q1-2026, Endeavour Silver reported an earnings per share (EPS) of $0.21, significantly beating expectations of $0.10. The stock reacted positively, gaining 8.38% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Endeavour Silver continues to produce strong earnings and manages costs effectively, it could see significant stock appreciation as investor confidence grows.

Bear Case

Conversely, if production costs rise or silver prices decline, the company may struggle to maintain profitability, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected silver production volume for Q2-2026?

Production levels will directly impact revenue and profitability, making this a key focus for investors.

What is the cost per ounce of silver produced this quarter?

Understanding production costs is essential for evaluating the company's profitability in the current silver market.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the impact of rising silver prices on Endeavour's profitability this quarter.

Supporting Evidence

The previous quarter's strong EPS surprise indicates potential for continued operational success.

Options pricing suggests significant volatility, which may reflect investor anticipation of a positive surprise.

Endeavour's historical ability to manage costs effectively could mitigate the impact of any silver price fluctuations.

Key Risk

If silver prices rise significantly above current levels, it could enhance profitability beyond current market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around production efficiency and cost management in a fluctuating silver market.

Bull Confirmed If

Achieving silver production of over 1 million ounces with a cost per ounce below $15 would confirm the bull case.

Bear Confirmed If

If production costs exceed $20 per ounce, it would likely confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±30.89%

Historical Avg

±7.6%

Pricing rich

The options market is pricing in a significant move, indicating heightened volatility expectations around the earnings report.

Options are pricing ±30.9% while EXK has averaged ±7.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

77.6%

Calls (146K)P/C Ratio: 0.08Puts (62K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Endeavour Silver beats expectations, history suggests a stock increase of around 16.28%, reinforcing bullish sentiment.

In-Line / Cautious

An in-line report may lead to a muted response, as investors digest management's commentary on future guidance.

Miss

A miss could result in a decline of approximately 1.70%, reflecting investor disappointment in production or cost management.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on silver production volume and any changes in guidance.
2Details on cost management strategies and production costs per ounce.
3Insights into market demand for silver and any changes in pricing outlook.
4Management's commentary on operational challenges or successes in Mexico.
5Any plans for future investments or expansions in production capacity.