Endeavour Silver Shares Retreat After Bought Deal Financing Agreement

Dow Jones11-20

By Robb M. Stewart

Endeavour Silver's shares pulled back sharply after the precious metals miner struck a deal for an equity raising that will raise roughly $73 million to help advance development of its Pitarrilla project in northern Mexico.

In morning trading, the shares were 8.3% lower at C$6.32 in Toronto. On the New York Stock Exchange, the shares were down 9.2% at $4.49.

The miner said it entered a deal with a syndicate of underwriters that will buy about 15.8 million shares at $4.60 each. The underwriters have an option to buy an additional 10% of the shares being offered to cover any over-allotments.

Endeavour expects the offering to close on or about Nov. 27, subject to approval from regulator and stock exchange approval.

Pitarrilla, one of the largest undeveloped silver projects in the world, is expected to form a cornerstones of Endeavour's long-term growth. The site is north of Durango City, an area where several mines already operate, including Endeavour's Guanacevi mine that has been in operation since 2005.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 20, 2024 10:13 ET (15:13 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484436991?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 23:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484436991","market":"sg","top_or_hot":-1,"title":"Endeavour Silver Shares Retreat After Bought Deal Financing Agreement","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Robb M. Stewart \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/EXK\">Endeavour Silver</a>'s shares pulled back sharply after the precious metals miner struck a deal for an equity raising that will raise roughly $73 million to help advance development of its Pitarrilla project in northern Mexico. \n</p>\n<p>\n  In morning trading, the shares were 8.3% lower at C$6.32 in Toronto. On the New York Stock Exchange, the shares were down 9.2% at $4.49. \n</p>\n<p>\n  The miner said it entered a deal with a syndicate of underwriters that will buy about 15.8 million shares at $4.60 each. The underwriters have an option to buy an additional 10% of the shares being offered to cover any over-allotments. \n</p>\n<p>\n  Endeavour expects the offering to close on or about Nov. 27, subject to approval from regulator and stock exchange approval. \n</p>\n<p>\n  Pitarrilla, one of the largest undeveloped silver projects in the world, is expected to form a cornerstones of Endeavour's long-term growth. The site is north of Durango City, an area where several mines already operate, including Endeavour's Guanacevi mine that has been in operation since 2005. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 10:13 ET (15:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Endeavour Silver Shares Retreat After Bought Deal Financing Agreement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEndeavour Silver Shares Retreat After Bought Deal Financing Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 23:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Robb M. Stewart \n\n\n \n\n\nEndeavour Silver's shares pulled back sharply after the precious metals miner struck a deal for an equity raising that will raise roughly $73 million to help advance ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EXK","symbol_name":"Endeavour Silver","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484436991","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484436991","pubTimestamp":1732115580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Endeavour Silver's shares pulled back sharply after the precious metals miner struck a deal for an equity raising that will raise roughly $73 million to help advance development of its Pitarrilla project in northern Mexico.In morning trading, the shares were 8.3% lower at C$6.32 in Toronto. On the New York Stock Exchange, the shares were down 9.2% at $4.49.The miner said it entered a deal with a syndicate of underwriters that will buy about 15.8 million shares at $4.60 each. The underwriters have an option to buy an additional 10% of the shares being offered to cover any over-allotments.Endeavour expects the offering to close on or about Nov. 27, subject to approval from regulator and stock exchange approval.Pitarrilla, one of the largest undeveloped silver projects in the world, is expected to form a cornerstones of Endeavour's long-term growth. The site is north of Durango City, an area where several mines already operate, including Endeavour's Guanacevi mine that has been in operati","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EXK":"Endeavour Silver","BK4210":"白银"},"translate_title":"Endeavour Silver股价在购买交易融资协议后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EXK":1},"content_text":"By Robb M. Stewart \n\n\n \n\n\nEndeavour Silver's shares pulled back sharply after the precious metals miner struck a deal for an equity raising that will raise roughly $73 million to help advance development of its Pitarrilla project in northern Mexico. \n\n\n  In morning trading, the shares were 8.3% lower at C$6.32 in Toronto. On the New York Stock Exchange, the shares were down 9.2% at $4.49. \n\n\n  The miner said it entered a deal with a syndicate of underwriters that will buy about 15.8 million shares at $4.60 each. The underwriters have an option to buy an additional 10% of the shares being offered to cover any over-allotments. \n\n\n  Endeavour expects the offering to close on or about Nov. 27, subject to approval from regulator and stock exchange approval. \n\n\n  Pitarrilla, one of the largest undeveloped silver projects in the world, is expected to form a cornerstones of Endeavour's long-term growth. The site is north of Durango City, an area where several mines already operate, including Endeavour's Guanacevi mine that has been in operation since 2005. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 10:13 ET (15:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484436991"}