Endeavour Silver Receives Final Tailings Permit for the Terronera Mine Project in Jalisco State, Mexico
June 18 2019 - 6:50AM
Endeavour Silver Corp. (NYSE: EXK; TSX:
EDR) announces that it has received the final tailings
permit for the Terronera silver-gold mine project located in
Jalisco state, Mexico.
The ETJ permit, or “Authorization to Change Soil
Use on Forest Land”, was issued by SEMARNAT, the Mexican Ministry
of Environment. It gives Endeavour Silver the right to store
tailings from the proposed Terronera high grade, underground,
silver-gold mine in a secure, filtered dry stack tailings facility
adjacent to the proposed plant site.
Filtered dry stack tailings are considered to
represent best practice in the mining sector because the tailings
are filtered to recycle the water back to the plant prior to
stacking them behind a storage dam. Dry stack tailings
facilities cost more to build and operate than conventional wet
tailings facilities but they are safer and “greener” and represent
the future of tailings storage.
Now that the Terronera mine project is fully
permitted, Endeavour Silver plans to complete a final improved
prefeasibility study in the 3rd quarter and arrange appropriate
financing to build Endeavour’s next core asset. Following an
estimated eighteen month construction period, the Terronera mine is
expected to produce more than 5 million oz silver equivalents (at
an 80:1 silver:gold ratio) over a minimum 12 year mine life, at an
all-in sustaining cost per oz of silver produced in the lowest
quartile of industry peers.
About Endeavour ‑ Endeavour
Silver Corp. is a mid-tier precious metals mining company that owns
and operates four high-grade, underground, silver-gold mines in
Mexico. Endeavour is currently advancing the Terronera mine project
towards a development decision and exploring its portfolio of
exploration and development projects in Mexico and Chile to
facilitate its goal to become a premier senior silver producer. Our
philosophy of corporate social integrity creates value for all
stakeholders.
SOURCE Endeavour Silver Corp.
Contact Information - For more
information, please contact: Galina Meleger, Director, Investor
RelationsToll free: (877) 685-9775Tel: (604) 640-4804Fax: (604)
685-9744Email: gmeleger@edrsilver.com Website:
www.edrsilver.com
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Cautionary Note Regarding
Forward-Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States private
securities litigation reform act of 1995 and “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Such forward‑looking statements and information herein
include but are not limited to statements regarding Endeavour’s
anticipated performance in 2019 including completion of an improved
prefeasibility study, arrangements for financing mine development
and production estimates at Terronera. The Company does not intend
to, and does not assume any obligation to, update such
forward-looking statements or information, other than as required
by applicable law.
Forward-looking statements or information
involve known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Endeavour and its operations to be materially
different from those expressed or implied by such statements. Such
factors include, among others, availability of financing,
reliability of production estimates at Terronera, changes in
national and local governments, legislation, taxation, controls,
regulations and political or economic developments in Canada and
Mexico; financial risks due to precious metals prices, operating or
technical difficulties in mineral exploration, development and
mining activities; risks and hazards of mineral exploration,
development and mining; the speculative nature of mineral
exploration and development, risks in obtaining necessary licenses
and permits, and challenges to the Company’s title to properties;
as well as those factors described in the section “risk factors”
contained in the Company’s most recent form 40F/Annual Information
Form filed with the S.E.C. and Canadian securities regulatory
authorities.
Forward-looking statements are based on
assumptions management believes to be reasonable, including but not
limited to the availability of financing for development of the
Terronera mine, a positive improved prefeasibility study and
reliance on production estimates no material adverse change in the
market price of commodities, and such other assumptions and factors
as set out herein. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
information, there may be other factors that cause results to be
materially different from those anticipated, described, estimated,
assessed or intended. There can be no assurance that any
forward-looking statements or information will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements or information. Accordingly,
readers should not place undue reliance on forward-looking
statements or information.
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