Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. The Company has three operating mining segments namely; Guanacevi and Terronera in Mexico, and Minera Kolpa in Peru. The company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico, Chile, and the USA.
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The chart shows the growth of an initial investment of $10,000 in Endeavour Silver Corp., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Endeavour Silver Corp. (EXK) has returned -1.75% so far this year and 201.26% over the past 12 months. Looking at the last ten years, EXK has achieved an annualized return of 14.62%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Endeavour Silver Corp. (EXK) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.45% | 29.30% | -32.09% | -1.04% | ||||||||
| 2025 | 5.33% | -6.38% | 12.66% | -7.38% | 1.69% | 30.85% | 1.00% | 20.46% | 20.43% | 3.21% | 20.51% | -5.53% |
| 2024 | -23.35% | -4.55% | 62.84% | 5.20% | 50.38% | -10.66% | 27.76% | -29.00% | 31.33% | 25.06% | -17.93% | -12.23% |
| 2023 | 4.52% | -15.03% | 31.53% | 0.78% | -22.08% | -8.54% | 20.21% | -17.15% | -16.49% | -9.70% | 0.93% | -9.63% |
| 2022 | -12.29% | 14.09% | 9.67% | -17.97% | -4.40% | -10.54% | 18.57% | -20.55% | 7.09% | 8.28% | -6.39% | -6.36% |
| 2021 | -6.43% | -4.84% | -19.22% | 3.73% | 36.76% | -19.69% | -16.08% | -10.80% | -13.53% | 21.98% | -6.32% | -12.27% |
| 2020 | -13.11% | -25.71% | -16.77% | 23.85% | 22.29% | 14.00% | 88.65% | -3.70% | -17.41% | -9.40% | 6.56% | 39.23% |
| 2019 | 3.26% | 16.82% | -0.79% | -12.70% | -19.00% | 12.02% | 15.00% | 17.86% | -18.98% | 9.73% | -10.37% | 13.15% |
| 2018 | -3.24% | -5.98% | 11.98% | 21.95% | -4.75% | 11.43% | -4.25% | -23.02% | 5.00% | -13.60% | -9.31% | 11.98% |
| 2017 | 16.85% | 3.09% | -23.00% | -3.14% | -4.59% | 6.64% | 3.04% | -17.82% | -4.80% | -11.49% | -1.41% | 13.27% |
| 2016 | 75.85% | -26.37% | 26.20% | 18.29% | -13.08% | 20.14% | -13.89% | -17.03% | -6.13% |
The charts below present risk-adjusted performance metrics for Endeavour Silver Corp. (EXK) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of EXK compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Endeavour Silver Corp. volatility is 4.74%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The U.S. has classified silver as a critical mineral amid a structural supply deficit and China's export ban. Silver prices have surged from under $30 to over $121 per ounce. Major silver producers like First Majestic, Endeavour Silver, and Fresnillo are expanding operations. Americore Resources is advancing its Trinity Silver Project in Nevada with 36 million ounces of silver equivalent and plans Q2 2026 drilling to upgrade its resource estimate.
Condire Management, LP significantly increased its position in Endeavour Silver by purchasing 1.5 million additional shares in Q4, bringing its total stake to 4.5 million shares worth $42.3 million (4.4% of fund assets). The aggressive move reflects confidence in the precious metals producer, whose stock has surged 141.4% over the past year, substantially outperforming the S&P 500.
Industrial silver demand is surging due to growth in solar, EV production, and AI servers, with global EV production forecast to reach 14-15 million units in 2026. Silver exploration and mining companies are racing to expand production and resources to meet this demand, with several companies reporting strong drill results and production guidance.
Azarias Capital Management sold 536,928 shares of Endeavour Silver (EXK) worth approximately $4.55 million in Q4, reducing its stake to 2.59% of AUM. Despite the sale, the fund maintains meaningful exposure to the stock. Endeavour Silver shares have surged 281% over the past year, significantly outperforming the S&P 500's 14% gain. The company expects strong 2026 guidance with increased production and lower costs as new mines ramp up.
Endeavour Silver Corp. released its 2026 production guidance projecting 8.3-8.9 million ounces of silver and 46,000-48,000 ounces of gold from its three operating mines (Terronera, Guanaceví, and Kolpa). The company expects consolidated cash costs of $12.00-$13.00 per silver ounce and AISC of $27.00-$28.00 per ounce. Endeavour plans $157.8 million in total capital expenditures, including $91.0 million in sustaining capital and $65.8 million for the Pitarrilla project development.
Endeavour Silver Corp. completed the sale of its Bolañitos silver and gold mine in Mexico to Guanajuato Silver Company Ltd. for US$40 million upfront (US$30 million cash and US$10 million in shares), plus contingent payments of up to US$10 million based on future silver production milestones. The transaction allows Endeavour to focus resources on its core silver assets and strategic growth projects.
Endeavour Silver Corp. has completed the sale of its Bolañitos silver and gold mine in Mexico to Guanajuato Silver Company Ltd. for US$40 million upfront (US$30 million cash and US$10 million in shares), plus contingent payments of up to US$10 million based on future silver production milestones. The company plans to focus resources on its core silver assets and strategic growth projects.
Silver prices surged 13% in early 2026, reaching $80.80 per ounce, driven by geopolitical tensions, potential tariffs on refined silver imports, and strong industrial demand. The metal's addition to the U.S. Critical Minerals List has increased its strategic importance. Silver miners and related ETFs are experiencing significant gains as fixed mining costs translate to expanded margins with rising spot prices.
Endeavour Silver plans to issue up to US$350 million in convertible senior notes due 2031, with proceeds intended to repay existing debt, fund the Pitarrilla project in Mexico, and support general corporate purposes.
The silver market in 2025 experienced record metal prices, hitting $54.48, with a 67% year-to-date gain. Global silver demand is expected to decline by 4%, marking the fifth consecutive year of market deficit, driven by economic uncertainties and changing industrial dynamics.