Endeavour Silver stock hits 52-week high on Terronera mine progress

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According to the company, surface mill and infrastructure construction have reached 90%, with more than $258 million of the project’s budget spent to date. Project commitments total $270 million, representing 99% of the $271 million capital budget.

During the third quarter, 1,051 meters were developed underground, bringing the project’s total to 5,544 meters.

Underground explosive magazines have been completed, and the application for an explosive use permit has been submitted, with approval expected later this year.

According to the company, the focus continues on the lower platform, where concrete work is well underway, and on the tailing storage facility, where underdrain embankment fill and pipe installation are advancing at a good pace.

“We’re in the final construction phase with the finish line in sight,” commented Don Gray, chief operating officer at Endeavour Silver.

Commissioning of the mine is expected in the…

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