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Endeavour Silver Corp.
Summary
| Project: | Terronera | |
|---|---|---|
| Deposit: | Terronera | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 7/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 14-7-2020: Endeavour Silver Corp. announces a Pre-Feasibility Study report for its Terronera deposit at the Terronera project. Updated PFS results incl. post-tax NPV (5%) of US$137M & IRR of 30%. Vancouver, Canada – July 14, 2020 - Endeavour Silver Corp. | |
| Resources: | . | |
| CP/QP: | [Overall Report] Godfrey Walton (Internal) | |
| ABSTRACT: | Vancouver, Canada – July 14, 2020 - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces that the Company’s recent re-assessment of all aspects of the Terronera Mine Project in Jalisco state, Mexico has resulted in more robust economics in the final Pre-Feasibility Study (“2020 PFS”) compared to the earlier Pre-Feasibility Study released on August 30, 2018 (“2018 PFS”). Endeavour management worked with Ausenco Engineering Canada Inc. (Ausenco) on the reconceptualization and re-engineering of the project to generate the significantly improved 2020 PFS economics presented herein. Ausenco will co-author the 2020 PFS Technical Report in compliance with National Instrument 43-101, to be filed on SEDAR and EDGAR within 45 days of this news release. All currency references herein are in US$. The PFS base case assumes a two-year trailing average silver price of $15.97 per ounce (“oz”) and a gold price of $1,419 per oz with an implied 89:1 silver: gold ratio, and an MXN:USD exchange rate of 20:1. The 2020 PFS also presents an alternative spot case using the closing metal prices as of July 8th, 2020, with silver at $18.49 per oz and gold at $1,812 per oz for a silver: gold ratio of 98:1. | |
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