Endeavour Silver Announced The First Drawdown Of $60M Of The $120M Senior Secured Debt Facility For The Development Of The Terronera Mine In Jalisco State, Mexico
Portfolio Pulse from Benzinga Newsdesk
Endeavour Silver Corp. has initiated the first drawdown of $60 million from a $120 million senior secured debt facility to fund the development of the Terronera mine in Jalisco State, Mexico. This move marks a significant step in advancing the project towards production.

April 10, 2024 | 10:54 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Endeavour Silver Corp. has begun utilizing a $120 million senior secured debt facility by drawing down $60 million for the Terronera mine development, indicating progress towards production.
The drawdown of $60 million from the senior secured debt facility by Endeavour Silver Corp. for the Terronera mine development is a positive signal of progress and commitment to the project. This financial move is likely to be viewed positively by investors as it demonstrates the company's ability to secure funding and advance towards production, potentially increasing investor confidence and driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100