New York Silver Miner Surges Amid Silver Price Rally, Market Cap Increases by 700 Billion Won in One Day

Endeavour Silver Corp (NYSE: EXK) closed at $11.40 on May 11, marking a 13.66% jump from the previous trading day. Trading volume reached approximately 6.1 million shares, boosting the company’s market capitalization by about $530 million to roughly $3.37 billion.

In its first-quarter results announced on May 6, Endeavour Silver reported production of 3.34 million silver-equivalent ounces and revenue of $209.7 million, underscoring its ongoing growth momentum. In January, the company set its 2026 production guidance at 14.6–15.6 million silver-equivalent ounces, and on May 9 the research platform WallStreetZen upgraded its rating on EXK shares from “Hold” to “Buy,” reflecting improving investor sentiment.

Headquartered in Vancouver, Canada, Endeavour Silver is a mid-tier precious metals mining company that has grown by operating silver and gold mines across the Americas. The company is pursuing a dual strategy of expanding output and improving cost efficiency across its portfolio, which includes the Terronera and Guanaceví mines in Mexico, the Colpa mine in Peru, and the Pitarrilla project in Mexico.