07:23 AM EST, 12/01/2025 (MT Newswires) -- Endeavour Silver ( EXK ) said Monday that it is offering US$300 million aggregate principal amount of unsecured convertible senior notes due 2031.

The company said it expects to grant the initial purchasers of the notes an option to purchase up to an additional US$45 million aggregate principal amount of notes.

Endeavour plans to use the proceeds to repay its senior secured debt facility with ING Capital and Societe Generale, to fund the advancement of its Pitarrilla project in Mexico, and for general corporate purposes, including strategic opportunities.

The company's share price closed 12.7% on Friday to C$13.74 on the Toronto Stock Exchange.