Endeavour Silver green lights construction, secures $120 million debt financing EndeavourSilver
- Endeavour Silver will build an underground mine and mill at the company's Terronera Project in Jalisco state, Mexico.
Construction encompasses a processing plant with 2,000 tonne per day capacity and an initial capital expenditure cost of $230 million, partially offset by a decrease in sustaining capital to $88.3 million over the life of the mine. Endeavour expects a 21-month construction period, including 3 to 6 months ramp up to full production with initial production expected in the fourth quarter of 2024.
Endeavour also announced today that it secured a senior secured debt facility for up to $120 million with Societe Generale and ING Bank N.V. "With official Board approval now in hand, the path is cleared to advance construction of the Terronera Project, which will be Endeavour's next producing mine.", said Dan Dickson, Endeavour's CEO."We are very pleased with the financial commitments that Societe Generale and ING have made towards the development of the Terronera Project.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold, silver see heavy profit taking amid rebound in USDXSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Monday's Charts for Gold, Silver and Platinum and Palladium, April 17Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Read more »
Gold and silver hit a brick wall as hedge fund buying cools downKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
More upside in gold & silver stocksKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Monday's Charts for Gold, Silver and Platinum and Palladium, April 18Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Read more »