Robert Carlson's questions to Endeavour Silver Corp (EXK) leadership • Q1 2024
Question
Robert Carlson of Janney Montgomery Scott asked about the company's use of hedges and whether there were plans to establish a silver hedging program as the Terronera mine comes online.
Answer
CEO Dan Dickson confirmed the company entered into a gold hedge for 68,000 ounces as a requirement of its debt facility for Terronera. However, he stated there are no plans to hedge silver production. The company's mandate is to provide shareholders with full upside exposure to the silver price, which management believes has significant upward potential.