# Mexico silver mining developments – record Q2 > Live situation record from CLSTR: https://clstr.news/situations/ussouth-africa-mining-project-developments > Updated: 2026-08-01T20:38:34.000Z. Sources: 13. Developments: 5. In early June, Advance Metals announced that its maiden diamond drill at the wholly‑owned Gavilanes project intersected a 33.9‑metre high‑grade silver zone, including a 220 g/t Ag intercept over 117.6 m and a standout 6.2‑metre slice grading 718 g/t Ag. Deeper intervals also returned notable gold (up to 0.4 g/t) and base‑metal values, reinforcing the company’s plan to file a JORC resource upgrade by year‑end. A fortnight later, Endeavour Silver reported high‑grade drill results from Terronera, with hole LL‑43 delivering 574 g/t Ag and 23.92 g/t Au over 1.06 m and hole TRU‑001 yielding 282 g/t Ag and 1.80 g/t Au across 8.11 m. These intercepts extend mineralisation laterally and at depth, underpinning the resource‑expansion programme and the target to commence underground mining at the La Luz deposit in 2027. Endeavour’s Q2 2026 results, released on 29 July, confirmed a 31 % rise in silver output to 1,943,955 oz and a 35 % increase in gold to 10,474 oz, with revenue up 149 % to $212.1 million and pre‑tax cash flow of $99.9 million. An August update added that analysts upgraded the FY2026 earnings‑per‑share estimate to $0.69 and maintained a Buy rating, reflecting confidence in the company’s strong cash position and growth trajectory for the second half of the year. ## Timeline ### 2026-08-01: Endeavour Silver posts record Q2 production and cash flow, analysts raise FY2026 earnings outlook Endeavour Silver posted record Q2 silver and gold output, $99.9 M cash flow and $0.15 EPS; analysts lifted FY2026 EPS outlook to $0.69 and maintained Buy ratings. 2 sources. https://clstr.news/cluster/endeavour-silver-posts-record-q2-production-and-cash-flow-analysts-raise-fy2026-earnings-outlook ### 2026-07-20: Endeavour Silver reports production surge and new drill results Endeavour Silver Corp. reports a Q2 2026 production boost and new drill successes amid volatile precious‑metal markets. 2 sources. https://clstr.news/cluster/endeavour-silver-reports-production-surge-and-new-drill-results ### 2026-07-08: Endeavour Silver posts 31% Q2 surge to 3.4 million silver‑equivalent ounces Endeavour Silver posted Q2 2026 production of 1.94 M oz silver and 10,474 oz gold—a 31% and 35% YoY rise—totaling 3.4 M silver‑equivalent ounces, driven by Terronera and Kolpa operations. 3 sources. https://clstr.news/cluster/endeavour-silver-posts-31-q2-surge-to-34-million-silverequivalent-ounces ### 2026-06-18: Endeavour Silver reports high‑grade drill results at Mexico's Terronera mine Endeavour Silver disclosed high‑grade silver‑gold drill hits at its Terronera mine in Mexico and filed a Form 6‑K SEC report detailing recent financial and corporate updates. 5 sources. https://clstr.news/cluster/endeavour-silver-announces-high-grade-silver-and-gold-results-at-terronera-mexico ### 2026-06-04: Advance Metals reports high‑grade silver discovery at Gavilanes project in Mexico Advance Metals' maiden drill at Mexico's Gavilanes returned a 33.9 m zone with up to 718 g/t silver, plus gold and base metals, prompting a planned JORC resource upgrade. 2 sources. https://clstr.news/cluster/locksley-resources-reports-highgrade-rare-earth-and-antimony-drill-hits-in-california --- Cite as: Mexico silver mining developments – record Q2. CLSTR, https://clstr.news/situations/ussouth-africa-mining-project-developments