olivLaw · US equity research
Endeavour Silver Corp. EXK
Gold and Silver Ores · SIC 1040 · Vertical: Gold and Silver Ores (SIC 1040)
Endeavour Silver Corp. is a Canadian silver and gold miner listed on the NYSE and Toronto, which reported for fiscal 2025 on Form 40-F. The filing shows the 2025 acquisition of Compañia Minera Kolpa S.A., a deal that changed the group's operational and accounting footprint.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Endeavour Silver Corp. (EXK) stock was 7.83 USD (+11.38% on the day), with market capitalisation 2.1 bn USD, beta 1.78, 52-week range 7.03–14.12 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 45.6
- neutral
- Bollinger (20, 2)
- 7.00 – 8.86
- in the lower half of the band · %B 0.45 · band width 23.4%
- SMA 50 / 200
- 9.12 / 9.71
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.44 / -0.45
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.0% | −1.1% | −7.9 pp | — |
| 3 months | −12.6% | −0.5% | −12.2 pp | — |
| 6 months | −15.9% | +4.4% | −20.3 pp | — |
| Year to date | −16.7% | +12.3% | −29.0 pp | — |
| 1 year | +4.4% | +13.5% | −9.1 pp | −3.3% |
| 3 years | +246.5% | +76.4% | +170.0 pp | +145.9% |
| 5 years | +50.3% | +63.7% | −13.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150.5 m | 117.4 m | 138.5 m | 165.3 m | 210.2 m | 205.5 m | 217.6 m | 467.5 m |
| Revenue YoY | +0.0% | −22.0% | +17.9% | +19.4% | +27.1% | −2.2% | +5.9% | +114.8% |
| Net income | -12.4 m | -48.1 m | 1.2 m | 14.0 m | 6.2 m | 6.1 m | -31.5 m | -119.1 m |
| Net income YoY | −228.4% | unavailable | unavailable | +1,104.1% | −55.6% | −1.3% | −614.5% | unavailable |
| Diluted EPS | -0.10 | -0.36 | 0.01 | 0.08 | 0.03 | 0.03 | -0.13 | -0.42 |
| Diluted EPS YoY | −225.0% | unavailable | unavailable | +700.0% | −62.5% | 0.0% | −533.3% | unavailable |
| net % | -8.3% | -40.9% | 0.8% | 8.4% | 3.0% | 3.0% | -14.5% | -25.5% |
| Free cash flow | -13.8 m | -31.1 m | 13.4 m | -30.6 m | -54.7 m | -106.0 m | -176.3 m | -101.8 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 215.4 m USD
- Financial debt
- 12.7 m USD
- Net debt
- -202.7 m USD
- Equity
- 579.1 m USD
- Total assets
- 1.2 bn USD
- Debt / equity
- 0.02x
- Current ratio
- 1.53x
- ROE
- -22.4%
- ROA
- -12.2%
- FCF margin
- -21.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 138.5 m | 165.3 m | 210.2 m | 205.5 m | 217.6 m | 467.5 m | SEC (XBRL)· 30 Mar 2026verified |
| Cost of revenue | 111.1 m | 129.0 m | 158.6 m | 168.9 m | 175.6 m | 384.7 m | SEC (XBRL)· 30 Mar 2026verified |
| Gross profit | 27.3 m | 36.4 m | 51.5 m | 36.6 m | 42.0 m | 82.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Operating income | -793.0 k | 22.2 m | 23.5 m | 8.7 m | 8.3 m | 35.7 m | SEC (XBRL)· 30 Mar 2026verified |
| Depreciation & amortisation | 28.1 m | 24.0 m | 25.2 m | 27.9 m | 29.9 m | 73.0 m | SEC (XBRL)· 30 Mar 2026verified |
| EBITDA | 27.3 m ≈ | 46.2 m ≈ | 48.6 m ≈ | 36.6 m ≈ | 38.2 m ≈ | 108.7 m ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Interest expense | 1.4 m | 985.0 k | 1.3 m | 1.4 m | 1.5 m | 14.5 m | SEC (XBRL)· 30 Mar 2026verified |
| Pre-tax income | -1.1 m | 29.7 m | 24.9 m | 18.3 m | -22.0 m | -104.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Income tax | -2.2 m | 15.7 m | 18.7 m | 12.1 m | 9.5 m | 14.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Net income | 1.2 m | 14.0 m | 6.2 m | 6.1 m | -31.5 m | -119.1 m | SEC (XBRL)· 30 Mar 2026verified |
| Diluted EPS | 0.01 | 0.08 | 0.03 | 0.03 | -0.13 | -0.42 | SEC (XBRL)· 30 Mar 2026verified |
| Weighted average diluted shares | 154.0 m | 170.7 m | 185.3 m | 197.8 m | 242.2 m | 283.1 m | SEC (XBRL)· 30 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 61.1 m | 103.3 m | 83.4 m | 35.3 m | 106.4 m | 215.4 m | SEC (XBRL)· 30 Mar 2026verified |
| Receivables | 20.1 m | 14.5 m | 14.1 m | 22.3 m | 5.2 m | 26.0 m | SEC (XBRL)· 30 Mar 2026verified |
| Inventories | 16.6 m | 27.5 m | 19.2 m | 27.3 m | 36.0 m | 62.3 m | SEC (XBRL)· 30 Mar 2026verified |
| Current assets | 105.0 m | 161.8 m | 146.3 m | 100.8 m | 157.6 m | 423.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Property, plant & equipment, net | 88.0 m | 122.2 m | 233.9 m | 314.7 m | 506.2 m | 785.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Goodwill | 0 | — | — | — | — | — | SEC (XBRL)· 10 Mar 2022verified |
| Intangibles (excl. goodwill) | 492.0 k | 40.0 k | 0 | — | — | — | SEC (XBRL)· 30 Mar 2023verified |
| Total assets | 210.6 m | 294.0 m | 399.4 m | 474.8 m | 719.2 m | 1.2 bn | SEC (XBRL)· 30 Mar 2026verified |
| Accounts payable | 27.8 m | 32.0 m | 39.8 m | 46.6 m | 54.0 m | 120.4 m | SEC (XBRL)· 30 Mar 2026verified |
| Short-term debt | 3.6 m | 4.1 m | 6.0 m | 3.9 m | 5.2 m | 8.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Long-term debt | 6.1 m | 6.4 m | 8.5 m | 4.7 m | 115.0 m | 3.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Current liabilities | 34.6 m | 40.6 m | 52.7 m | 58.2 m | 78.9 m | 276.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Total liabilities | 51.5 m | 56.6 m | 83.5 m | 88.5 m | 234.8 m | 656.6 m | SEC (XBRL)· 30 Mar 2026verified |
| Equity | 159.1 m | 237.4 m | 315.9 m | 386.3 m | 484.4 m | 579.1 m | SEC (XBRL)· 30 Mar 2026verified |
| Shares outstanding at year end | 157.9 m | 170.5 m | 189.6 m | 216.9 m | 262.3 m | 262.3 m | SEC (XBRL)· 30 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 39.0 m | 23.5 m | 55.0 m | 11.8 m | 19.1 m | 67.4 m | SEC (XBRL)· 30 Mar 2026verified |
| Capex | 25.5 m | 54.1 m | 109.7 m | 117.8 m | 195.4 m | 169.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Free cash flow | 13.4 m ≈ | -30.6 m ≈ | -54.7 m ≈ | -106.0 m ≈ | -176.3 m ≈ | -101.8 m ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Investing cash flow | -29.8 m | -38.0 m | -111.5 m | -107.2 m | -183.5 m | -237.4 m | SEC (XBRL)· 30 Mar 2026verified |
| Financing cash flow | 27.5 m | 56.7 m | 36.8 m | 48.1 m | 236.0 m | 287.0 m | SEC (XBRL)· 30 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 43 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.1 bn USD
Key indicators
Coverage and freshness
Score by group
- Quality35
- Growth100
- Valuation0
- Balance sheet67
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.81 – 5.61 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDA3.81 – 5.61 (Mid 4.54)6 companies used · median multiple 9.1x · quartiles 7.3x – 11.7xCDE, EGO, EQX, IDR, ITRG, MUX
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 43/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 6.9% | 46 (vs peers) | 16% |
| Net margin · Quality | -25.5% | 15 (vs peers) | 10% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 30.5% | 100 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -1.9x | 100 (vs peers) | 16% |
| Interest coverage · Balance sheet | 2.5x | 15 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.5x | 61 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 17.0x | 0 (vs peers) | 16% |
| FCF yield · Valuation | -5.0% | 0 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet67/100 · 3/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality35/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation0/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ENDEAVOUR SILVER CORP. (EXK). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 467.5 m USD in 2025; YoY growth 114.8%; net margin -25.5%; ROE -22.4%; net debt/EBITDA -1.9x.
The estimated value range is 3.81–5.61 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 4.54 USD, the price of 7.83 USD leaves a potential of -42.0% (value / price − 1) and a margin of safety of -72.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 43/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 30.5%
- Net debt / EBITDA: -1.9x
What contradicts it
- Net margin: -25.5%
- Interest coverage: 2.5x
- EV/EBITDA: 17.0x
- FCF yield: -5.0%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, P/E (TTM), Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Gold and Silver Ores (SIC 1040) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEMNewmont Corporation | 122.7 bn | 13.7 | 26.8% | 34.7% | +21.3% | +30% / +194% |
| AEMAgnico Eagle Mines Limited | 91.7 bn | 20.7 | 19.6% | 37.5% | +43.7% | +5% / +242% |
| BBarrick Mining Corp | 67.2 bn | 13.7 | 19.6% | 29.4% | +31.2% | −3% / +128% |
| WPMWheaton Precious Metals Corp. | 59.7 bn | 40.6 | 18.5% | 63.6% | +80.2% | +19% / +169% |
| FNVFRANCO NEVADA Corp | 46.7 bn | 42.0 | 16.3% | 61.0% | +63.7% | +15% / +116% |
| AUAngloGold Ashanti plc | 44.4 bn | 17.0 | 43.1% | 32.1% | +70.8% | +3% / +357% |
| GFIGold Fields Limited | 32.9 bn | 26.6 | 25.7% | 23.9% | +15.6% | −14% / +140% |
| CDECoeur Mining, Inc. | 14.9 bn | 16.0 | 10.3% | 19.2% | +96.4% | −16% / +378% |
| AGIAlamos Gold Inc. | 12.6 bn | 14.3 | 22.1% | 49.0% | +34.3% | −20% / +103% |
| HMYHarmony Gold Mining Company Limited | 10.4 bn | — | — | — | +25.8% | −17% / +163% |
| EQXEquinox Gold Corp. | 8.9 bn | 32.2 | 4.8% | 12.2% | +99.1% | −19% / +106% |
| EGOEldorado Gold Corp | 6.7 bn | 13.6 | 12.4% | 27.9% | +37.5% | +7% / +155% |
| CGAUCenterra Gold Inc. | 4.3 bn | — | -4.7% | -7.4% | +28.8% | +61% / +249% |
| ARISAris Mining Corp | 3.2 bn | 38.3 | 7.0% | 8.4% | +81.7% | +12% / +396% |
| FSMFortuna Mining Corp. | 2.9 bn | 10.7 | 18.7% | 30.4% | +39.8% | −5% / +146% |
| NGNovagold Resources Inc. | 2.7 bn | — | -32.8% | — | unavailable | −40% / +45% |
| AAUCAllied Gold Corporation | 2.5 bn | — | -13.8% | -3.9% | +82.3% | −3% / unavailable |
| EXKEndeavour Silver Corp. | 2.1 bn | — | -22.4% | -25.5% | +114.8% | +4% / +246% |
| SVMSilvercorp Metals Inc. | 1.9 bn | 30.9 | 9.6% | 19.5% | +38.9% | +10% / +198% |
| HYMCHycroft Mining Holding Corporation | 1.6 bn | — | -72.3% | — | −100.0% | +49% / +716% |
| IAUXi-80 GOLD CORP. | 1.2 bn | — | -81.9% | -202.7% | +89.1% | +18% / −15% |
| NEWPNew Pacific Metals Corp. | 952.3 m | — | -2.8% | — | −19.1% | +101% / +181% |
| MUXMcEWEN INC. | 916.1 m | 12.8 | 13.5% | 32.5% | +13.2% | −20% / +94% |
| GROYGold Royalty Corp. | 648.9 m | — | -0.7% | -26.5% | +54.5% | −34% / +86% |
| OGGOsisko Development Corp. | 602.0 m | — | -27.0% | -476.4% | +678.0% | −33% / −17% |
1- and 3-year price returns: for EXK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Mar 2026; since then the company filed 6-K (13 Oct 2026), 6-K (08 Oct 2026), 6-K (22 Sept 2026), 6-K (24 Aug 2026), 6-K (21 Aug 2026), 6-K (19 Aug 2026).
In brief
Endeavour Silver Corp. is a Canadian silver and gold miner listed on the NYSE and Toronto, which reported for fiscal 2025 on Form 40-F. The filing shows the 2025 acquisition of Compañia Minera Kolpa S.A., a deal that changed the group's operational and accounting footprint.
SWOT
Strengths
- The company reports internal control over financial reporting as effective, with no material weaknesses identified at fiscal year end 2025 1.
- The Kolpa acquisition adds a significant share of revenue and assets to the group 1.
- The auditor KPMG LLP issued unqualified opinions on the financial statements and on internal control 1.
Weaknesses
- The subsidiary acquired in 2025 was excluded from the internal control assessment, showing integration is still incomplete 1.
- Reporting under IFRS and NI 43-101 makes comparability with US companies difficult 1.
- Audit costs rose sharply after the acquisition, pointing to a heavier administrative burden 1.
Opportunities
Risks
- Kolpa integrationhigh
The internal control of the acquired subsidiary was not assessed this year, raising questions about reporting quality 1.
- Resource reporting differencesmedium
Reserves and resources reported under NI 43-101 may not match the S-K 1300 standard required by the SEC 1.
- Exchange ratemedium
Reporting in US dollars for operations in Canadian dollars and other currencies can create conversion differences 1.
- Compliance costslow
The rise in audit fees after the acquisition suggests pressure on administrative costs 1.
- Governance differs from NYSElow
Applying Canadian rules on quorum and approvals may limit protections for US shareholders in some transactions 1.
Investment thesis
What would need to be true (bull case)
- If the Kolpa integration goes well, the company could benefit from a broader revenue base and a wider internal control perimeter in coming years 1.
- The absence of restatements and of clawback application points to solid reporting discipline 1.
- Reported resources and existing mining properties provide a basis for expanding production 1.
What would break the thesis
- The Kolpa integration remains incomplete in internal control reporting, which could delay the benefits of the acquisition 1.
- Compliance and audit costs have risen, and margins could shrink if the trend continues 1.
- Reporting and regulatory differences make comparison with peers difficult, which may limit external valuation 1.
What to watch
- Progress of the Kolpa integration in the internal control assessment2026
- Trend in audit fees and compliance costs2026
- Kolpa's contribution to group revenue and profitnext 10-K
- Any restatements or material weaknesses in internal controlnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Mar 2026; since then the company filed 6-K (13 Oct 2026), 6-K (08 Oct 2026), 6-K (22 Sept 2026), 6-K (24 Aug 2026), 6-K (21 Aug 2026), 6-K (19 Aug 2026).
The business
Endeavour Silver Corp. is a Canadian issuer eligible to file its annual report on Form 40-F under the SEC's multi-jurisdictional disclosure system 1. The company prepares its consolidated financial statements under IFRS, not US standards, so figures are not directly comparable with those of US companies 1. Mineral resources and reserves are reported under the Canadian NI 43-101 standard 1.
In fiscal 2025 the company acquired Compañia Minera Kolpa S.A., and management excluded this subsidiary from its assessment of internal control over financial reporting as of December 31, 2025 1. The auditor KPMG LLP issued reports on the financial statements and on internal control 1. Management concluded that no material weaknesses in internal control were identified 1.
Governance largely follows Canadian practice, especially on shareholder quorum, approval of share issuances and equity plans, which follow Toronto Stock Exchange rules rather than NYSE rules 1. The company has an audit committee of independent members, and it reported no restatement requiring clawback of erroneously awarded compensation in the period 1.
Segments
Market context
The company operates in the precious metals market, silver and gold, with listings on the NYSE and the Toronto Stock Exchange 1. Audit fees, for example, rose from CAD 1,159,465 to CAD 1,910,726 between 2024 and 2025, a sign of greater complexity after the Peru acquisition 1. Canadian and US reporting frameworks apply at the same time, which shapes how resources are reported 1.
The regulatory and reporting environment remains an important factor: NI 43-101 standards differ from S-K 1300, and reported reserves and resources could be non-equivalent to those of US companies 1. Exchange rate swings between the Canadian and US dollar affect figures reported in CAD 1.
Trends
- Integration of the Peru acquisitionmixed
Integrating Kolpa into group operations could raise production volumes and revenue, but for now the internal control process has not been fully integrated into management's assessment 1.
- Complexity of multi-jurisdictional reportingheadwind
Reporting simultaneously under IFRS, NI 43-101 and SEC rules raises compliance costs, as the rise in audit fees shows 1.
- Clawback of erroneously awarded paytailwind
The compensation recovery policy, adopted in October 2023, did not require application in 2025, indicating no significant restatements 1.
- Canadian governance practicesmixed
The company applies Canadian rules to approve share issuances and pay plans, which differ from NYSE rules and may influence financing flexibility 1.
Competitive position
The filing does not identify direct competitors of the company. Comparisons with other silver and gold producers must be made from other sources, since Form 40-F focuses on compliance and internal financial structure 1.
Reporting differences from US companies, particularly those applying S-K 1300, make direct comparability difficult, as the company explicitly notes 1.
- US silver and gold mining companies
The source names no competitors; the company notes that resources reported under NI 43-101 are not comparable with those under SEC S-K 1300 1.
- Canadian precious metals producers
The source names no Canadian competitors; comparison rests on the same NI 43-101 reporting standard 1.
- Latin American mining operators
The source names no regional competitors but mentions the operational exposure in Peru through Kolpa 1.
- NYSE-listed mining companies
The source does not identify peer tickers; the company is itself listed on the NYSE 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Endeavour Silver ( TSE : EDR ) Trading Down 12 . 5 % Following Analyst DowngradeSurge — GDELT DOC · 23 Sept 2026 · RO
The latest news item in our archive is from 23 Sept 2026; the newest SEC filing is from 13 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)08 Oct 2026
- Current report (foreign issuer)22 Sept 2026
- Current report (foreign issuer)24 Aug 2026
- Current report (foreign issuer)21 Aug 2026
- Current report (foreign issuer)19 Aug 2026
- Current report (foreign issuer)17 Aug 2026
- Current report (foreign issuer)05 Aug 2026
- Current report (foreign issuer)30 Jul 2026
- Current report (foreign issuer)29 Jul 2026
Sources
- [1] Form 40-F, fiscal year ended 2025-12-31 · SEC / Endeavour Silver Corp. · 30 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.