This represents Endeavour’s first share offering since the $60 million at-the-market offering announced in December 2023. The proceeds of that were used for construction of the Terronera mine project that is nearing completion, as well as for the Pitarrilla project.
Long-term growth project
Located 160 km north of Durango City in northern Mexico, Pitarrilla is expected to form one of the key cornerstones of Endeavour’s long-term growth profile. It is considered one of the largest undeveloped silver projects in the world, containing an estimated 845 million oz. of silver-equivalent resources.
The Pitarrilla project was previously owned by SSR Mining (NASDAQ, TSX: SSRM; ASX: SSR), whose team conducted extensive drilling on the property from 2003 to 2012. This work culminated in two technical reports: a prefeasibility study in 2009 focusing on a high-grade underground mine scenario, and a feasibility study in…
