Tuesday, September 16, 2025

Endeavour Silver Sees Initial Capital Costs Jump 22% At Terronera

Endeavour Silver (TSX: EDR) has seen expected costing at its Terronera project under development rise dramatically. The firm this morning provided a progress update to the project, indicating that expected costing has risen over 22%.

Total direct and indirect costing at the project has risen from $271 million to $332 million, a jump of $61 million. The increase was split between direct cost increases of $31.8 million and indirect cost increases of $29.2 million, which was partially offset by a decrease in contingencies.

On the direct side of things, mining costs have increased by $16 million, which is largely attributed to the delays in commissioning the lower platform facilities, as well as increased waste rock disposal costs. The processing plant is also over budget by $13.2 million, which is blamed on additional blasting required for lower platform excavation, extra work for expediting steel fabrication, and extra materials for the tailings facility, among other items.

Indirect costs meanwhile increased due to additional engineering, construction management, and the addition of several support buildings that were not originally planned, as well as a result of a larger workforce required than originally anticipated.

Development at Terronera is said to now be 89.4% complete, with Endeavour currently targeting early in Q2 for full system commissioning to begin on site. Operational guidance is slated to be released as construction approaches wet commissioning.

“Dry commissioning is advancing well on the Upper Platform and we’re completing final installations and the last of the punch list items. Our team’s efforts are concentrated on timely completion of the Lower Platform where structural steel is advancing to install the tailing filters. We’re focused on maintaining our construction schedule and momentum to have Terronera ready for full commissioning in early Q2 2025,” commented Don Gray, COO of Endeavour Silver.

Endeavour Silver last traded at $5.85 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Endeavour Silver Intersects 1,611 G/T Silver Equivalent Over 1.0 Metre At Bolañitos Mine

Endeavour Silver Corp. (TSX: EDR) announced today the latest drill results from the Bolañitos Mine...

Thursday, May 20, 2021, 09:26:00 AM

BMO Lifts Endeavour Silver’s Price Target Following Better Than Expected Q1 Results

On April 11th, Endeavour Silver Corp. (TSX: EDR) announced its first quarter of 2021 production...

Thursday, April 14, 2022, 11:24:00 AM

Aztec Minerals, Endeavour Silver See Founder And Chair Bradford Cooke Pass Away

Another force to be reckoned with in the Canadian junior markets has passed away. Bradford...

Friday, August 19, 2022, 09:27:21 AM

Endeavour Silver To Acquire Minera Kolpa For $145 Million

Endeavour Silver (TSX: EDR) is expanding into the country of Peru as it looks to...

Tuesday, April 1, 2025, 08:55:43 AM

Endeavour Silver Records Revenue Decline, Net Loss After Withholding 1.6 Million Silver Equivalent Ounces For Future Sale

Endeavour Silver Corp. (TSX: EDR) shared on Tuesday its financial results for Q2 2022. The...

Tuesday, August 9, 2022, 03:02:00 PM