Endeavour Silver falls after $300 mln convertible bond sale

ING Groep NV

02/12/2025 10:55

** U.S.-listed shares of Endeavour Silver Corp EXK.N down 4.6% premarket at $8.97 after Canadian miner secures capital raise

** Endeavour late Mon announced pricing private offering of $300 mln 0.25% convertible bonds due 2031

** Initial conversion price of about $12.455 is a 32.5% premium to stock's last close of $9.40

** U.S.-listed EXK shares on Mon fell 5.3% after co unveiled the offering to repay its debt facility with ING Capital and Societe Generale to fund advancement of its Pitarrilla project in Mexico, and for general corporate purposes, including strategic opportunities

** Through Mon, EXK shares up 157% YTD

** Spot silver XAG= currently down 1.7% to $57.01 per ounce on Tues, retreating from a record high hit on Mon GOL/

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))