Endeavour Silver to Raise $73 Million to Develop Pitarrilla Project
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Endeavour Silver (EXK) plans to raise $73 million by selling 15,825,000 common shares at $4.60 each to fund the development of its Pitarrilla project.
November 25, 2024 | 2:45 pm
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NEUTRAL IMPACT
Endeavour Silver is raising $73 million through a share sale to fund the Pitarrilla project, potentially diluting existing shares but supporting future growth.
The share sale will provide necessary funds for the Pitarrilla project, which is positive for long-term growth. However, issuing new shares may dilute existing shareholders' value, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100