CA - Endeavour Silver Non-GAAP EPS of $0.01 misses by $0.01 revenue of $50M misses by $6.44M
2023-08-08 06:57:09 ET
- Endeavour Silver press release ( NYSE: EXK ): Q2 Non-GAAP EPS of $0.01 misses by $0.01 .
- Revenue of $50M (+62.3% Y/Y) misses by $6.44M from the sale of 1,299,672 oz of silver and 9,883 oz of gold at average realized prices of $24.13 per oz silver and $1,976 per oz gold.
- Production Tracking In-Line with Guidance: 1,494,000 ounces of silver and 9,819 oz of gold for 2.3 million oz silver equivalent totalling 4.7 million oz AgEq for the first half of the year.
- Outlook: Management Continues to Monitor Macroeconomic Conditions Closely: Management anticipates these macro trends will continue for the near term and therefore expects actual cost metrics to be higher than cost metrics previously provided in the Company’s 2023 guidance. Management anticipates costs to align to similar levels with H1 2023 actual cost metrics of $12.27 per oz for cash cost and $21.11 per oz for AISC.
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Endeavour Silver Non-GAAP EPS of $0.01 misses by $0.01, revenue of $50M misses by $6.44M