05:37 PM EDT, 04/23/2024 (MT Newswires) -- Endeavour Silver ( EXK ) was at last look up 1.1% in US after hours Tuesday as it provided a Q1 2024 construction progress update for its Terronera Project in Jalisco state, Mexico.

According to a statement, the Terronera project made "significant progress" in the first quarter, as concrete work was nearly complete on the Upper Plant Platform and erection of structural steel advanced for areas including crushing, coarse-ore storage, grinding, flotation, and thickening. Mechanical installation of major equipment continued to advance on schedule and the project "remains on track" for commissioning in Q4 2024, the statement added.

"Site activities ramped up rapidly, as overall construction surpassed the halfway milestone," said Don Gray, Chief Operating Officer in the statement. "We've been very pleased with progress of structural steel erection and major equipment installation including the semi-autogenous grinding and ball mills, apron feeders and flotation cells. Our procurement and materials management planning has been effective in keeping pace with site construction. We've been able to install many components upon immediate arrival to site, while making use of the limited laydown area. Underground mine development continues advancing very well, and we anticipate initial ore access in Q2. We are exceptionally pleased with the progress our Terronera team is making and remain committed to successfully completing and operating Endeavour's next core asset."