Endeavour Silver Produces 2,096,545 Oz Silver and 10,126 Oz Gold, for a total of 3.6 Million Silver Equivalent Oz in Q3 2026
Original announcement by orestocks on
- Company
- Endeavour Silver Corp.
- Ticker
- EDR.TO
- Exchange
- Unavailable
- Region
- Mexico, Peru
- Primary commodity
- Silver
- Secondary commodities
- Gold, Lead, Zinc, Copper
- Document categories
- Production, Metallurgy
- Extracted
- 2026-10-08 11:05:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Endeavour Silver reported Q3 2026 production of 2.1 million ounces of silver and 10,126 ounces of gold, totaling 3.6 million silver equivalent ounces. While year-over-year production increased, Q3 results were slightly below plan due to a blockade at Terronera and mill repairs at Guanaceví. The company expects full-year production to be at or slightly below the low end of its guidance range.
Reasoning: Endeavour Silver reported mixed Q3 2026 production results, with year-over-year increases in silver and gold but Q3 figures slightly below plan due to operational disruptions at Terronera and Guanaceví. Kolpa showed strong performance with increased throughput and improved recoveries at Terronera were noted, but full-year guidance is being revised downwards.
Positive factors
- Year-over-year production increase for silver and gold
- Kolpa mine exceeded expectations with increased throughput
- Terronera plant reached optimal processing performance with improved metal recoveries
- QP sign-off on technical information
Negative factors
- Q3 production slightly below plan due to operational disruptions
- Blockade and suspension of operations at Terronera mine
- Temporary reduction of capacity at Guanaceví due to mill repairs
- Full year production guidance expected at or slightly below the low end of the guided range
Facts used in scoring: 49
Classification and evidence
Operational Disruptionnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: Operations at the Terronera mine were suspended from August 12 to August 24, 2026, and the Guanaceví mill was taken offline on September 21 for repairs.
Evidence · text
“Operations at the Terronera mine were suspended from August 12 to August 24, 2026... The mill was taken offline on September 21 to replace the primary mill head and trunnion”
Guidance Revisionnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The company will be performing recalculations of full year production and cost guidance, with production expected to be at or slightly below the low end of the guided range.
Evidence · text
“The Company will be performing recalculations of full year production and cost guidance. Production for the full year is expected to be at or slightly below the low end of the guided range.”
Recovery Improvementpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Terronera recoveries averaged 88.0% for silver and 75.0% for gold, trending from 85.6% in July and 86.2% in August achieving a recovery of 91.1% in September reflecting the success of optimization work.
Evidence · text
“Terronera recoveries averaged 88.0% for silver and 75.0% for gold, slightly above Q1 and Q2 2026 and in line with plan. Recoveries improved during the quarter, as shown in the monthly production results table below, trending from 85.6% in July and 86.2% in August achieving a recovery of 91.1% in September reflecting the success of optimization work undertaken during the period.”
Throughput Increasepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Kolpa's throughput increased in Q3 2026 to 256,052 tonnes, compared to 233,408 tonnes in Q2 2026, reflecting the continued benefits of the plant expansion.
Evidence · text
“Kolpa Further Increases Throughput: Throughput increased in Q3 2026 to 256,052 tonnes, compared to 233,408 tonnes in Q2 2026, reflecting the continued benefits of the plant expansion commissioned at the end of Q1 2026.”
QP/CP Signedpositive · Story-specific tag
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Dale Mah, P.Geo., Vice President Corporate Development, a qualified person under NI 43-101, has approved the scientific and technical information related to operations matters in this news release.
Evidence · text
“Dale Mah, P.Geo., Vice President Corporate Development, a qualified person under NI 43-101, has approved the scientific and technical information related to operations matters in this news release.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Extracted facts
Stored fact records: 22. Some facts used in scoring do not have a stored record.
Metallurgical Results (22)
Fact 1Terronera · silverRecovery: 88 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 88 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 710,670 oz of silver in Q3 2026 with an average grade of 152 gpt and 88.0% recovery, slightly below plan but with improving recoveries and grades.
Positive factors
- Improved silver recovery
- Grades strengthened with sill development in higher-grade zones
Negative factors
- Production slightly below plan
Evidence · table
“710,670”
Context: Terronera
Fact 2Terronera · goldRecovery: 75 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 75 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 7,157 oz of gold in Q3 2026 with an average grade of 1.80 gpt and 75.0% recovery, slightly below plan but with improving recoveries and grades.
Positive factors
- Improved gold recovery
- Grades strengthened with sill development in higher-grade zones
Negative factors
- Production slightly below plan
Evidence · table
“7,157”
Context: Terronera
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 75% is below the weak band (80%)
Fact 3Guanaceví · silverRecovery: 94.9 %View all detailsHide details
Identity
- Project
- Guanaceví
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 94.9 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Guanaceví produced 702,972 oz of silver in Q3 2026 with 257 gpt grade and 94.9% recovery, which was 31% lower than Q3 2025 due to lower grades and throughput.
Negative factors
- Lower silver production compared to prior year
- Lower silver grades and throughput
Evidence · table
“702,972”
Context: Guanaceví
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 94.9% is at or above the exceptional band (90%)
Fact 4Guanaceví · goldRecovery: 96.8 %View all detailsHide details
Identity
- Project
- Guanaceví
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 96.8 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Guanaceví produced 2,969 oz of gold in Q3 2026 with 1.06 gpt grade and 96.8% recovery, which was 7% lower than Q3 2025 due to lower throughput and grade.
Negative factors
- Lower gold production compared to prior year
- Lower throughput and gold grade
Evidence · table
“2,969”
Context: Guanaceví
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 96.8% is at or above the exceptional band (95%)
Fact 5Kolpa · silverRecovery: 90.3 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 90.3 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 682,903 oz of silver in Q3 2026 with 92 g/t grade and 90.3% recovery, exceeding plan due to increased throughput despite slightly lower grades.
Positive factors
- Silver production exceeded plan due to increased throughput
Negative factors
- Slightly lower grades
Evidence · table
“682,903”
Context: Kolpa
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90.3% is at or above the exceptional band (90%)
Fact 6Kolpa · leadRecovery: 95.2 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- lead
- Ticker
- EDR.TO
Recovery
- Recovery
- 95.2 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 6,504 tonnes of lead in Q3 2026 with 2.67% grade and 95.2% recovery, in line with plan despite slightly lower grades.
Positive factors
- Lead production in line with plan
Negative factors
- Slightly lower grades
Evidence · table
“6,504”
Context: Kolpa
Fact 7Kolpa · zincRecovery: 85.7 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- zinc
- Ticker
- EDR.TO
Recovery
- Recovery
- 85.7 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 4,558 tonnes of zinc in Q3 2026 with 2.08% grade and 85.7% recovery, in line with plan despite slightly lower grades.
Positive factors
- Zinc production in line with plan
Negative factors
- Slightly lower grades
Evidence · table
“4,558”
Context: Kolpa
Fact 8Kolpa · copperRecovery: 22.7 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- copper
- Ticker
- EDR.TO
Recovery
- Recovery
- 22.7 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 143 tonnes of copper in Q3 2026 with 0.25% grade and 22.7% recovery, in line with plan despite slightly lower grades.
Positive factors
- Copper production in line with plan
Negative factors
- Slightly lower grades
Evidence · table
“143”
Context: Kolpa
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 22.7% is below the weak band (80%)
Fact 9Terronera · silverRecovery: 85.6 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 85.6 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 230,405 oz of silver in July 2026 with 128 gpt grade and 85.6% recovery.
Evidence · table
“230,405”
Context: July
Fact 10Terronera · goldRecovery: 74.3 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 74.3 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 3,049 oz of gold in July 2026 with 1.95 gpt grade and 74.3% recovery.
Evidence · table
“3,049”
Context: July
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 74.3% is below the weak band (80%)
Fact 11Terronera · silverRecovery: 86.2 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 86.2 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 180,868 oz of silver in August 2026 with 165 gpt grade and 86.2% recovery, impacted by operational disruptions.
Positive factors
- Improved silver grade
Negative factors
- Lower production due to blockade
Evidence · table
“180,868”
Context: August
Fact 12Terronera · goldRecovery: 74.5 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 74.5 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 1,635 oz of gold in August 2026 with 1.73 gpt grade and 74.5% recovery, impacted by operational disruptions.
Negative factors
- Lower production due to blockade
Evidence · table
“1,635”
Context: August
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 74.5% is below the weak band (80%)
Fact 13Terronera · silverRecovery: 91.1 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 91.1 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 299,398 oz of silver in September 2026 with 169 gpt grade and 91.1% recovery, reflecting successful optimization work.
Positive factors
- Strong silver production
- Improved silver grade and recovery
Evidence · table
“299,398”
Context: September
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 91.1% is at or above the exceptional band (90%)
Fact 14Terronera · goldRecovery: 76.3 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 76.3 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 2,472 oz of gold in September 2026 with 1.67 gpt grade and 76.3% recovery, showing positive trends after optimization.
Positive factors
- Improved gold recovery
Evidence · table
“2,472”
Context: September
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 76.3% is below the weak band (80%)
Fact 15Terronera · silverRecovery: 86 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 86 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 1,852,318 oz of silver year-to-date 2026 with 130 gpt grade and 86.0% recovery.
Evidence · table
“1,852,318”
Context: Terronera
Fact 16Terronera · goldRecovery: 73.4 %View all detailsHide details
Identity
- Project
- Terronera
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 73.4 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Terronera produced 23,301 oz of gold year-to-date 2026 with 1.91 gpt grade and 73.4% recovery.
Evidence · table
“23,301”
Context: Terronera
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 73.4% is below the weak band (80%)
Fact 17Guanaceví · silverRecovery: 92.6 %View all detailsHide details
Identity
- Project
- Guanaceví
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 92.6 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Guanaceví produced 2,198,851 oz of silver year-to-date 2026 with 259 gpt grade and 92.6% recovery.
Evidence · table
“2,198,851”
Context: Guanaceví
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 92.6% is at or above the exceptional band (90%)
Fact 18Guanaceví · goldRecovery: 92.7 %View all detailsHide details
Identity
- Project
- Guanaceví
- Commodity
- gold
- Ticker
- EDR.TO
Recovery
- Recovery
- 92.7 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Guanaceví produced 8,547 oz of gold year-to-date 2026 with 1.00 gpt grade and 92.7% recovery.
Evidence · table
“8,547”
Context: Guanaceví
Fact 19Kolpa · silverRecovery: 90.5 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- silver
- Ticker
- EDR.TO
Recovery
- Recovery
- 90.5 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 1,846,309 oz of silver year-to-date 2026 with 96 gpt grade and 90.5% recovery.
Evidence · table
“1,846,309”
Context: Kolpa
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90.5% is at or above the exceptional band (90%)
Fact 20Kolpa · leadRecovery: 94.9 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- lead
- Ticker
- EDR.TO
Recovery
- Recovery
- 94.9 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 17,650 tonnes of lead year-to-date 2026 with 2.81% grade and 94.9% recovery.
Evidence · table
“17,650”
Context: Kolpa
Fact 21Kolpa · zincRecovery: 84.7 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- zinc
- Ticker
- EDR.TO
Recovery
- Recovery
- 84.7 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 11,389 tonnes of zinc year-to-date 2026 with 2.03% grade and 84.7% recovery.
Evidence · table
“11,389”
Context: Kolpa
Fact 22Kolpa · copperRecovery: 22.1 %View all detailsHide details
Identity
- Project
- Kolpa
- Commodity
- copper
- Ticker
- EDR.TO
Recovery
- Recovery
- 22.1 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Kolpa produced 336 tonnes of copper year-to-date 2026 with 0.23% grade and 22.1% recovery.
Evidence · table
“336”
Context: Kolpa
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 22.1% is below the weak band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.