Endeavour Silver Sets 2026 Guidance as Terronera and Kolpa Transform Production Profile

Endeavour Silver ( (TSE:EDR) ) has issued an announcement.

On January 16, 2026, Endeavour Silver issued its 2026 production and cost guidance, outlining expectations for its Terronera, Guanaceví and Kolpa mines following the recent sale of the Bolañitos mine and the commissioning and integration of Terronera and Kolpa. The company forecasts 2026 output of 8.3–8.9 million ounces of silver and 46,000–48,000 ounces of gold, plus substantial base metal production from Kolpa, for a total of 14.6–15.6 million silver-equivalent ounces. Consolidated cash costs are projected at $12.00–$13.00 per payable silver ounce and all-in sustaining costs at $27.00–$28.00, with lower per-ounce cash costs versus 2025 driven by higher volumes and stronger assumed metal prices, partially offset by reduced gold output and higher sustaining development and exploration spending. Terronera is expected to be the lowest-cost operation, delivering negative cash costs per ounce due to strong gold by-product credits, while Guanaceví will face higher unit costs tied to lower grades, significant royalties and third-party ore purchases. Kolpa is expected to benefit from higher throughput and base-metal by-product credits, improving its cost profile. Overall, Endeavour is signalling a pivot year in 2026, as Terronera enters its first full year of production and Kolpa ramps up, expanding the company’s scale and diversifying its revenue mix, albeit with higher sustaining and growth capital commitments, particularly at Terronera and Kolpa.

The most recent analyst rating on (TSE:EDR) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.

Spark’s Take on TSE:EDR Stock

According to Spark, TipRanks’ AI Analyst, TSE:EDR is a Neutral.

Endeavour Silver’s overall stock score reflects strong technical indicators and positive corporate events, offset by financial performance challenges and a difficult valuation environment. The company’s strategic initiatives and production growth are promising, but profitability and cash flow issues remain significant concerns.

To see Spark’s full report on TSE:EDR stock, click here.

More about Endeavour Silver

Endeavour Silver Corp. is a Canada-based precious metals mining company focused on the exploration, development and operation of silver and gold mines, primarily in Mexico, with growing exposure to base metals. The company’s core assets now include the Terronera, Guanaceví and Kolpa mines, positioning it as a mid-tier, multi-asset silver producer with increasing diversification across gold, lead, zinc and copper by-products.

Average Trading Volume: 1,646,159

Technical Sentiment Signal: Buy

Current Market Cap: C$4.59B

For a thorough assessment of EDR stock, go to TipRanks’ Stock Analysis page.