Endeavour Silver Highlights Terronera Construction Progress
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) is proud to announce a detailed construction progress update for the Terronera Project located in Jalisco, Mexico. The fourth quarter of 2024 has been particularly impactful, as almost 90% of the surface construction has been completed, setting the stage for an exciting new chapter in the company's mission.
Major Developments in Q4 2024
During this quarter, significant milestones were achieved on the Upper Plant Platform, with systems commissioning actively underway. The focus remains firmly on the Lower Platform, where construction efforts are intensifying.
Operational Insights from Leadership
Don Gray, the Chief Operating Officer of Endeavour Silver, remarked, "The Terronera Project is nearing completion, and the advancements made so far are impressive. The dry commissioning process on the Upper Platform is progressing smoothly. Our aim is to maintain the momentum as we near the full commission expected in early Q2 2025."
Key Highlights of the Construction
As of December 31, 2024, here are some noteworthy achievements:
- Health and Safety protocols have been fully established, paving the way for a seamless transition from construction to operations.
- Community engagement continues to be a top priority, with ongoing initiatives to hire and train local personnel.
- Overall project progress stands at an impressive 89.4% completion, with capital expenditures totaling approximately $302 million to date.
- Mine development saw 1,694 meters completed during Q4, bringing the total to 7,239 meters.
- The Upper Plant Platform is nearing the finish line, with many areas already handed over for operational readiness.
Details of the Upper Plant Platform
The completion of essential components on the Upper Plant Platform is noteworthy. Here are the specifics:
- The Primary Jaw Crusher has been successfully commissioned, and operations have already crushed 6,000 tonnes of ore.
- Commissioning of the grinding circuit began, confirming successful testing of the SAG and ball mills.
- Flotation equipment is largely installed, with only a few remaining elements awaiting installation.
- Both raw and process water tanks have completed installation and hydro-testing.
- Construction on auxiliary buildings is also progressing, with the laboratory building already operational and the plant maintenance building reaching 80% completion.
Lower Platform and Tailing Storage Facility Progress
The Lower Platform's construction is currently 42% complete, showcasing rigorous advancements:
- TSF's main embankment has achieved an elevation of 1,185 meters, ready to receive filtered tailing.
- Infrastructure for tailing filters is taking shape, with progress underway for the filter press installations.
- Construction of concentrate filter buildings has also advanced significantly, currently preparing for the installation of its key components.
Financial Overview and Project Costs
After a thorough review, the company forecasts initial capital expenditures of $332 million. This includes adjustments for project delays and increased disposal costs, ensuring all aspects of development are financially accounted.
Future Steps and Operational Goals
The project aims to transition into full commissioning by early Q2 2025. The forthcoming months will be crucial for completing remaining installations and achieving readiness for operational launch.
Endeavour Silver encourages stakeholders to monitor ongoing updates via their project website, which details environmental commitments and community impacts.
Frequently Asked Questions
What is the current completion percentage of the Terronera Project?
The Terronera Project's overall progress is at an impressive 89.4% completion as of the end of Q4 2024.
When is the expected full commissioning of the project's systems?
The full system commissioning is anticipated in early Q2 2025.
How much has been spent on the project so far?
As of December 31, 2024, the capital expenditures are approximately $302 million.
What has been done to engage the local community?
Efforts include hiring and training local employees, which continues to be a priority for the company.
How can stakeholders stay informed about the project progress?
Stakeholders are encouraged to visit the dedicated project website for ongoing updates and insights about the Terronera Project.
