Core Viewpoint - Endeavour Silver Corp. has amended its senior secured debt facility, increasing the principal amount to $135 million to support the commissioning of the Terronera Project in Mexico and for general working capital purposes [1][2]. Financing Details - The Credit Facility was increased by $15 million, bringing the total to $135 million [2]. - Proceeds will be utilized for completing commissioning at the Terronera Project and for general working capital [2]. Risk Management Strategy - Terronera has implemented zero cost collars to manage silver price exposure, protecting the downside at $31.00 per ounce and allowing participation in silver price appreciation up to $42.00 for approximately 968,000 silver ounces over the next twelve months [3]. Project Progress - Commissioning activities at the Terronera Project are proceeding as planned and are aligned with management's expectations [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Endeavour Silver Amends and Restates Project Loan Credit Facility to Include Additional Credit Facility of US$15 Million