Endeavour Silver provides a Q4 2024 Construction Progress Update on Terronera; Surface Construction Progress Nearly 90% Complete

Core Viewpoint - Endeavour Silver Corp. is making significant progress on its Terronera Project in Jalisco, Mexico, with a focus on completing construction and preparing for full commissioning in early Q2 2025 [3][4]. Construction and Development Highlights - As of December 31, 2024, the overall project progress reached 89.4% completion, with capital expenditures at approximately $302 million, and a total estimated project cost of$332 million [4][5]. - The Upper Plant Platform is nearing completion, with dry commissioning underway and final installations being completed [2][3]. - The Lower Platform is 42% complete, with structural steel installation for tailing filters progressing [4]. Financial Overview - The initial capital costs for the Terronera Project are forecasted to be $332 million, with increases in mining costs by approximately$16 million and mineral processing plant costs by about $13 million due to extended schedules and additional work [5][6]. - Total direct costs have increased by$31.8 million, while total indirect costs have risen by $29 million, primarily due to an extended project schedule and a larger workforce [6]. Next Steps and Planning - Full system commissioning is anticipated to begin in early Q2 2025, with ongoing efforts in Q1 2025 focused on completing remaining installations and punch list items [7][8]. - The TSF Main Embankment is expected to reach its final elevation of 1,198 meters, and critical path items such as tailing filter presses are projected to be completed by early Q2 2025 [7][8]. Community and Operational Focus - Community relations and the hiring and training of local employees remain a priority for the company [4]. - The workforce at the end of Q4 2024 included 297 Endeavour Silver employees and 821 contract workers [7].