Endeavour Silver Expands Credit Facility to Boost Terronera Project

Endeavour Silver ( (TSE:EDR) ) just unveiled an update.

Endeavour Silver has amended its project loan credit facility to include an additional $15 million, increasing the total to $135 million. This funding will support the commissioning of the Terronera Project in Mexico and general working capital. The company has implemented zero cost collars to manage silver price exposure, protecting downside at $31 per ounce while allowing participation in price appreciation up to $42 per ounce. The commissioning is proceeding as planned, aligning with management’s expectations, and the company will update stakeholders as it nears commercial production.

The most recent analyst rating on (TSE:EDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.

Spark’s Take on TSE:EDR Stock

According to Spark, TipRanks’ AI Analyst, TSE:EDR is a Neutral.

Endeavour Silver’s overall stock score reflects a mix of promising growth prospects and current financial challenges. While technical indicators support a bullish trend, overvaluation concerns and negative earnings weigh down the score. Positive corporate events and strategic project advancements offer future potential, but ongoing financial challenges need addressing to realize full growth opportunities.

To see Spark’s full report on TSE:EDR stock, click here.

More about Endeavour Silver

Endeavour Silver is a mid-tier precious metals company committed to sustainable and responsible mining practices. With operations in Mexico and Peru, and a new cornerstone mine in Jalisco state, the company aims to become a premier senior silver producer. Endeavour also has a portfolio of exploration projects in Mexico, Chile, and the United States.

Average Trading Volume: 993,286

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$1.86B

For a thorough assessment of EDR stock, go to TipRanks’ Stock Analysis page.