Endeavour Silver Ignites Production at Transformative Terronera Mine, Unlocking Mexico's Next Silver Giant

Endeavour Silver Corp. (NYSE:EXK, TSX:EDR) has officially announced a monumental achievement, declaring commercial production at its highly anticipated Terronera mine in Jalisco, Mexico, effective May 1, 2024. This declaration marks a pivotal moment for the company, ushering in a new era of growth and solidifying Terronera’s position as a cornerstone asset in Endeavour’s portfolio.

The Terronera project has been a long-standing vision, meticulously developed to become a low-cost, high-grade underground silver-gold mine.

Its successful transition to commercial operations represents the culmination of immense effort, strategic planning, and significant investment, positioning it as Endeavour Silver's new flagship operation and a transformative force for the company's future.

Dan Dickson, CEO of Endeavour Silver, expressed profound gratitude and excitement regarding this milestone.

“Achieving commercial production at Terronera is a testament to the unwavering dedication and hard work of our entire team, along with the support of our local communities, contractors, and all stakeholders,” Dickson stated. He highlighted the project's potential, emphasizing its expected contribution to a substantial increase in the company’s silver equivalent production, while simultaneously reducing overall cash costs.

“This is a truly transformative asset, and we believe it will deliver significant value to our shareholders for years to come,” he added.

While commercial production is now a reality, the company is actively focused on optimizing and ramping up the mining and processing operations to reach its full design capacity.

Currently, the plant is processing approximately 2,000 tonnes per day (tpd) and is steadily progressing towards its ambitious target of 4,500 tpd. This ongoing ramp-up phase is crucial for maximizing efficiency and unlocking Terronera's full economic potential.

Investors and stakeholders can look forward to more detailed insights into Terronera’s initial performance.

Endeavour Silver anticipates releasing its second-quarter operating and financial results in early August, which will include the first production and financial contributions from the newly commercialized Terronera mine. This will provide a comprehensive overview of the mine's impact on the company's overall financial health and production profile.

Terronera is poised to be a game-changer for Endeavour Silver, reinforcing its position as a leading silver producer in Mexico.

The project not only promises increased production but also boasts a robust economic profile, contributing to a more diversified and resilient operational base for the company in the dynamic precious metals market.