Endeavour Silver Corp T.EDR

Alternate Symbol(s): EXK

Metals & Mining Silver

Endeavour Silver Corp. is a Canada-based mid-tier precious metals mining company. The Company's portfolio consists of two producing mines, which are silver/gold mines in Mexico: Guanacevi and Bolanitos; one development project, which is a proposed silver/gold mine that is under construction in Jalisco: Terronera, and five exploration projects located in Mexico, Chile and United States: Pitarrilla, Parral, Bruner, Aida and Lourdes. The Guanacevi operation is producing from three underground silver-gold mines along a five kilometers (km) length of the prolific Santa Cruz vein. The Bolanitos operation encompasses three underground silver-gold mines and a flotation plant. The Terronera project is located 40 km northeast of Puerto Vallarta in the state of Jalisco, Mexico, features a high-grade silver-gold mineral resource. The Pitarrilla project is a large undeveloped silver, lead and zinc project. It has an option to earn an 85% interest in the Baxter gold and silver property.

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Endeavour Silver Corp > Risk is now adding up

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Comment by Dragonflyinveston Aug 16, 2024 3:32pm

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Post# 36183231

RE:Risk is now adding up

“One big accident and your finished.”

The Crrego do Feijo tailings dam, built in 1976 by Ferteco Minerao [pt] and acquired by the iron ore mining corporation Vale S.A. in 2001, was classified as a small structure with low risk of high potential damage, according to the registry of the National Mining Agency. In a statement, the State Department of Environment and Sustainable Development reported that the venture was duly licensed. In December 2018, Vale obtained a license to reuse waste from the dam (about 11.7 million cubic meters) and to close down activities. The dam had not received tailings since 2014 and, according to the company, underwent bi-weekly field inspections.^[10]

It was reported that Vale S.A. had knowledge of the problems with sensors designed to monitor the dam's structural integrity, raising questions about whether there were missed warnings ahead of the dam burst.^{[11]

Brumadinho dam disaster - Wikipedia

Brazil's weak regulatory structures and regulatory gaps allowed
the Mariana dam's failure.[13]}