Endeavour Silver Corporation EXK

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
49/100
Developing

About Endeavour Silver Corporation

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico, Chile, Peru, and the United States. It explores for gold and silver deposits, and precious metals, as well as polymetals. The company was formerly known as Endeavour Gold Corp. and changed its name to Endeavour Silver Corp. … Full EXK analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.36), suggesting limited competitive advantage.
  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.36), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
77

Where EXK ranks in Other Precious Metals & Mining

Endeavour Silver Corporation ranks #9 of 16 scored companies in Other Precious Metals & Mining by moat score — the top 56%. The widest moat in the group is Hecla Mining Company (HL) at 74/100.

Moat scores for companies ranked near EXK in Other Precious Metals & Mining
# Company Moat score Rating
5 Avino Silver & Gold Mines Ltd. ASM 57/100 Moderate
6 D/B/A Sibanye-Stillwater Limite SBSW 54/100 Moderate
7 Perpetua Resources Corp. PPTA 53/100 Moderate
8 Integra Resources Corp. ITRG 51/100 Moderate
9 Endeavour Silver Corporation EXK 49/100 Developing
10 Metalla Royalty & Streaming Ltd MTA 45/100 Developing
11 Vox Royalty Corp. VOXR 44/100 Developing
12 McEwen Mining Inc. MUX 36/100 Developing
13 Platinum Group Metals Ltd. PLG 20/100 Weak

See every Commodities & Mining company ranked by moat score →

How EXK scores on the Corporate Default defenses

Pricing Power

Score 77 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 57 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 49 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 37 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 26 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 34 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding EXK's moat

What is Endeavour Silver Corporation's moat score?

Endeavour Silver Corporation (EXK) scores 49 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #9 of 16 scored companies in Other Precious Metals & Mining, the top 56%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 15 companies in Other Precious Metals & Mining. Its strongest defense is Pricing Power (77/100) and its weakest is Resilience (26/100).

How does Endeavour Silver Corporation compare with other Other Precious Metals & Mining companies?

Endeavour Silver Corporation ranks #9 of 16 scored companies in Other Precious Metals & Mining by moat score. The widest moat in Other Precious Metals & Mining is Hecla Mining Company (HL) at 74/100. The companies ranked closest are Integra Resources Corp. (ITRG) at 51 just above it and Metalla Royalty & Streaming Ltd (MTA) at 45 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 15 companies in Other Precious Metals & Mining. The defenses are then weighted to produce the overall score out of 100.

Why is Endeavour Silver Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Endeavour Silver Corporation?

The Corporate Default template measures 6 defenses, and EXK scores: Pricing Power (77), Cost Advantage (57), Customer Stickiness (49), Capital Efficiency (37), Resilience (26), Scale & Market Position (34). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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