Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Endeavour Silver shares rise as Terronera surpasses the 77% completion mark
    Precious Metal

    Endeavour Silver shares rise as Terronera surpasses the 77% completion mark

    October 21, 20242 Mins Read


    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 in Q4 2024.

    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.

    Commissioning of the mine is expected in the fourth quarter of 2024, with an anticipated 10-year mine life. The Terronera project is situated within the Sierra Madre volcanic belt, which hosts most of Mexico’s silver and gold deposits.

    The mine will consist of the Terronera and La Luz underground deposits, both of which will be mined using a combination of long-hole and cut-and-fill methods. The mineral processing plant will have a capacity of 2,000 tonnes per day. A feasibility study forecasts that the project will produce 4 million oz. of silver and 38,000 oz. of gold annually over a 10-year period.

    Terronera has proven and probable reserves of 7.4 million tonnes, grading 197 g/t silver and 2.25 g/t gold (88.8 million oz. of silver equivalent).

    Shares of Endeavour Silver rose 8% by 11:00 a.m. EDT. The company has a market capitalization of $1.25 billion.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    CaratLane Launches Silver Rakhi Collection For US Market

    Precious Metal

    Copper price slips as unwinding of tariff trade boosts LME stockpiles

    Precious Metal

    XAG/USD recovery stalls at $37.40 ahead of US services data

    Precious Metal

    Gold Rush era mining town that hosts murky elite retreat transforms into stunning mountain getaway

    Precious Metal

    Copper climbs – Markets – Business Recorder

    Precious Metal

    Trump’s Copper TACO Move To Trigger Huge Market Revamp

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Advancing Good Agricultural Practices and Innovative Solutions

    Commodities

    Photos: Exhibits At 2025 Agricultural Exhibition

    Investments

    France Basketball Veteran, Clippers Player Announces Olympics Retirement

    Editors Picks

    Gov. Whitmer announces $5.5 million investment for Upper eninsula Projects | News, Sports, Jobs

    October 18, 2024

    Fintech Outsourcing United Kingdom (U.K.): Cynergy BPO – Tech, CX, Data Security, and Compliance

    October 19, 2024

    Commodities Prices in Bengaluru – March 7: Rediff Moneynews

    March 7, 2025

    Southern Maryland Agricultural Development Commission Promotes Local Farmers Markets

    July 13, 2024
    What's Hot

    India test cross -border payments with digital rupees – Odd News

    June 7, 2025

    An analyst flags this dividend stock as 125% undervalued! Is it a potential buy?

    May 3, 2025

    Coalition Launches Bold Initiative to Revive U.S. Sugar Industry Amid Closures and Farming Crisis | Nearly $1 Billion Investment

    May 13, 2025
    Our Picks

    CSWCD: Agricultural Conservation Assistance funds available

    October 18, 2024

    AI Investments: When will the Returns Materialise? 

    October 14, 2024

    Navratna PSU to consider dividend on THIS date, stock jumps 7% in five days despite 16% drop in 1 year

    March 7, 2025
    Weekly Top

    CNBC-TV18 Exclusive | PB Fintech acquires Pensionbazaar.com, say sources

    August 5, 2025

    Copper price slips as unwinding of tariff trade boosts LME stockpiles

    August 5, 2025

    Utilities ETF (IDU) Hits New 52-Week High

    August 5, 2025
    Editor's Pick

    Gold price explores past $3,400 as Trump-Powell clash sparks Fed independence fears

    April 21, 2025

    Taekwondo athlete Nematzadeh aims to win gold at 2024 Olympics

    July 21, 2024

    Copper Country Today – August 11, 2024

    August 10, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.