Endeavour Silver (TSE:EDR) has released an update.
Endeavour Silver Corp. has initiated the first $60 million drawdown from its $120 million senior secured debt facility to advance the Terronera Mine project in Mexico, with construction on schedule and hedging contracts in place to mitigate financial risk. The company has hedged 68,000 ounces of gold and secured forward purchases of Mexican pesos, emphasizing no silver sales hedge requirement. Endeavour Silver remains focused on responsible mining practices and aims to become a premier senior silver producer.
For further insights into TSE:EDR stock, check out TipRanks’ Stock Analysis page.
