07:23 AM EDT, 07/24/2024 (MT Newswires) -- Endeavour Silver ( EXK ) said Wednesday that it continues to advance the construction of the Terronera project in Mexico, with surface construction 77% complete as of the end of the second quarter.

Overall project progress reached 64.5% completion, with more than US$204 million of the project's budget spent to date. Project commitments total US$260 million or 96% of the US$271 million capital budget.

The company said the project remains on track for commissioning in the fourth quarter as major mechanical installations continued to advance on schedule.

"Construction is well past the halfway mark, and site activities are beginning to peak," COO Don Gray said. "With project completion in sight, our focus has expanded to implementing our business readiness plan as we prepare for operating Endeavour's next core asset."

Endeavour's share price ticked up 0.7% at last look to US$4.62 on NYSE pre-market trading.