VANCOUVER, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK, TSX:EDR) is pleased to announce the first drawdown of $60 million of the $120 million senior secured debt facility (the "Debt Facility") for the development of the Terronera Mine in Jalisco state, Mexico. The debt facility is provided by Société Générale and ING Bank N.V. and closed last year (see news release dated October 10, 2023). All references to dollars ($) in this news release are in United States dollars. Construction of the Terronera mine is well underway and remains on track and has satisfied all conditions precedent to first draw. Key terms of the Debt Facility remain consistent with those previously announced in the Company's news release dated April 18, 2023 and the hedge contract terms have now been executed, further reducing financial risk in the project. The key terms of these contracts are as follows: Forward sales amounting to 68,000 ounces of gold have been executed at $2,325 per ounce, representing 55% of planned gold production during the initial three years of operations. There is no requirement to hedge silver sales. Forward purchases of US$45 million equivalent Mexican peso over the remaining construction period have been hedged at $16.56 per US dollar. About Endeavour Silver – Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and the development of ...