Endeavour Silver: The Great Potential of Pitarrilla and Summary of Q3 2024

Endeavour Silver has entered into a $73 million bought deal financing, which we understand will fund the project into the project financing level. Pitarrilla has 694 million ounces of silver equivalent in Measured and Indicated resources plus 151 million ounces in the Inferred category, making it one of the largest silver resources in the world. The plan going forward is to develop the project and publish a PEA by the end of 2025. We are positive on Silver and Endeavour Silver, who have great growth potential with Pitarrila in their portfolio.

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