Soundarya Iyer's questions to ENDEAVOUR SILVER (EXK) leadership • Q2 2025
Question
Soundarya Iyer, on behalf of Nick Giles, asked about Endeavour Silver's hedging strategy on a go-forward basis and the outlook for the company's working capital position through the remainder of 2025.
Answer
CEO Dan Dickson explained that the company's preference is not to hedge precious metals to provide shareholders with full exposure to silver prices, noting that existing hedges were requirements of a lending facility. He stated that the negative working capital position was by design and expects it to improve significantly in the second half of the year as Terronera achieves commercial production and begins generating positive cash flow.