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Endeavour Silver Corp.
Summary
| Project: | Terronera | |
|---|---|---|
| Deposit: | Terronera | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 8/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 30-8-2018: Endeavour Silver Corp. announces a Pre-Feasibility Study report for its Terronera deposit at the Terronera project. PFS results incl. NPV of US $117.8M (5%), IRR of 23.5%, updated resource and reserve at project. VANCOUVER, British Columbia, Au | |
| Resources: | (Reserve, Prob.): 4.7Mt @ 2.28g/t Au, 224g/t Ag | |
| CP/QP: | [Resources]: Not stated (P&E Mining Consultants Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, Aug. 30, 2018 -- Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) has completed an updated Pre-Feasibility Study (“2018 PFS”) for its Terronera mine project located 40 kilometres northeast of Puerto Vallarta in the state of Jalisco, Mexico. The 2018 Updated PFS report and the updated Mineral Resource and Reserve Estimates were prepared in compliance with National Instrument 43-101 (NI 43-101) and will be filed on SEDAR and EDGAR within 45 days of this news release. All currency references herein are in US$. The updated Terronera Mineral Resource and Reserve Estimates that form the basis for the updated 2018 PFS reflect significantly higher tonnes, grades and contained silver, gold and silver equivalent ounces (oz) in each category (Tables 1 and 2 below) due to positive exploration drill results in 2017 and the inclusion of the high grade La Luz vein compared to the previous estimates that were the basis for the 2017 Pre-Feasibility Study (“2017 PFS”). As a result, the 2018 PFS shows significantly higher revenues, EBITDA, free cash flow, mine life and NPV with significantly lower cash costs and all-in sustaining costs per silver oz. The 2018 PFS projects higher annual gold production and slightly lower annual silver production for the same annual silver equivalent production, generating a higher internal rate of return at a moderately lower daily throughput, slightly higher capital investment and lower silver price compared to the 2017 PFS (see Tables 3 and 4 below). | |
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