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BMO on Endeavour Silver's Terronera Project Delay
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BMO on Endeavour Silver's Terronera Project Delay
Jan 9, 2025 11:23 AM

02:13 PM EST, 01/09/2025 (MT Newswires) -- Endeavour Silver ( EXK ) provided an update on its Terronera project in Mexico, flagging a delay of one quarter to the project schedule. This relates to delivery delays for critical path components required to construct the lower platform of the Terronera processing facility, and pushes wet commissioning to early Q2, BMO writes.

Analyst Kevin O'Halloran has updated his model to reflect production beginning in the second quarter, and has moderately increased the capex estimate to account for the updated timeline.

Target trimmed by $0.50 to $8.00. Maintain Outperform.

Price: 5.24, Change: +0.16, Percent Change: +3.15

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