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    Alex CharenteauNational Bank Financial

    Alex Charenteau's questions to Endeavour Silver Corp (EXK) leadership

    Alex Charenteau's questions to Endeavour Silver Corp (EXK) leadership • Q2 2025

    Question

    Alex Charenteau requested clarification on the capital spending for the Culpa expansion, asking if the $13 million guided for this year would be sufficient to reach 2,500 tpd or if more capital would be required next year.

    Answer

    CEO Dan Dixon clarified that the current outlook includes $13 million in expansion capital for Culpa, which covers major components like the mill, flotation cells, and filter press. He explained that some spending, particularly for the tailings facility, was brought forward into the current year to avoid the rainy season. While this represents the major push, final budgets for next year are still under evaluation.

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