08:38 AM EDT, 06/24/2025 (MT Newswires) -- Endeavour Silver ( EXK ) traded 1.6% lower at last look in NYSE pre-market trading as its subsidiary Terronera Precious Metals increased a senior secured debt facility to US$135 million from US$120 million.

The company said it will use the facility to complete the commissioning of the Terronera project in Mexico, and for general working capital purposes.

As a condition to funding and a risk management strategy, Endeavour said Terronera entered into zero cost collars to partially manage silver price exposure and cash flows over the next 12 months. With these zero cost collars, Terronera has protected the downside at US$31.00 per ounce and will participate in any silver appreciation up to US$42.00 over that period for 968,000 silver ounces, Endeavour said.