Endeavour Silver (EXK) Corporate presentation summary

Strategic positioning and growth outlook

• Positioned as a mid-tier silver producer with operations in Mexico and Peru, and a robust pipeline of exploration projects across the Americas.

• Commercial production at Terronera mine began October 2025, supporting significant organic growth.

• Acquisition of Kolpa mine in Peru adds a third producing asset and increases annual production profile.

• Focused on leveraging technical strengths and exploration upside in active mining districts.

• Maintains a leading beta to silver price, with over 50% of revenue from silver.

Production and cost guidance

• 2026 consolidated production guidance: 14.6–15.6 Moz AgEq, up ~30% from 2025.

• 2026 cash costs projected at $12–$13/oz AgEq, with AISC at $27–$28/oz AgEq.

• Guanaceví, Kolpa, and Terronera mines are key contributors, with Kolpa expansion to 2,500 tpd underway.

• Terronera mine ramping up, with higher grades expected in H2 2026.

• Kolpa integration progressing, with steady output and new plant upgrades.

Asset highlights and exploration

• Terronera: 10+ year mine life, 60% Ag/40% Au, 2,000 tpd capacity, and ongoing exploration on 25 concessions.

• Kolpa: Polymetallic mine (Ag, Pb, Zn, Cu), 1,800 tpd plant, produced 31.6 Moz AgEq since 2016.

• Guanaceví: High-grade silver/gold mine, steady production, and strong drill results along the Santa Cruz vein.

• Pitarrilla: One of the world’s largest undeveloped silver projects, with both open pit and underground potential.

• Exploration supports organic growth, with advanced and greenfield projects in Mexico, Peru, Chile, and the US.