And there’s always unforeseen items that we have to manage. And right now, it’s been fine. So, there’s been nothing critical, but something will come up and it will be our job to manage that.
Operator: The next question comes from Lucas Pipes with B. Riley Securities.
Lucas Pipes: My first question is a follow-up on Guanaceví. And as you look out to 2024, what do you think could these measures you’ve taken mean when it comes to production and the cost profile? Thank you very much.
Dan Dickson: Yes. For us, for 2024, we’ll put out guidance in January, but Guanaceví, we’ve been there 18 years. The plant capacity is 1,200 tons per day. I mean now it’s pretty easy to make the assumptions that we’ll be able to do 1,200 tons per day for 2024. Ultimately, the measures we’ve taken in Q3 ensures that we can have a 1,200 ton per day operation. If we can maintain our production profile, it will allow us to meet guidance from a cost standpoint and our all-in sustaining cost is expected to be between $19 and $20 this year. That’s probably going to be a little bit higher next year because of the inflation factors, but we’ll come out with that guidance in January.
Lucas Pipes: I appreciate those comments. Thank you very much. And then a question on Terronera. In terms of kind of your minimum cash and liquidity targets, while you do the development there, anything specific we should keep in mind as we model kind of cash flow over the coming quarters? Would appreciate your perspective. Thanks.
Dan Dickson: Yes. I think it’s important that we maintain a certain level of liquidity. Right now, we’re sitting on $76 million of working capital, and that’s what we look to when we’re looking at our liquidity, especially during this development cycle that we’re in with Terronera. I think it’s important to know that we do have to spend our cash first before we can draw down on our debt facility. And we expect to draw down our cash not to zero, but to a certain level, probably $20 million, $25 million before we draw down on that facility. And once we start drawing down that facility, hopefully, our cash builds with performance at Guanaceví and Bolañitos, and we’ll see that in 2024.
Operator: The next question comes from Trevor Ward, private investor.
Unidentified Analyst: Good morning. I’m calling from Hawaii. I’m a relatively new in terms of purchasing common stocks and I bought a substantial and — a substantial position in Endeavour. So, I’m currently holding 40,000 shares at an average cost of $3.10. What I’m curious about is all this jargon and the numbers, for me, the bottom line is, in terms of, let’s say, over the next year and then looking forward, when do I expect to actually see Endeavour actually turn a profit and show a dividend?
Dan Dickson: Well, Trevor, you are lucky that you’re sitting in Hawaii right now. We’re here in Vancouver. So I do wish I was where you were. For Endeavour Silver, where we are right now from a growth profile standpoint is we’re investing in our Terronera project. And Terronera is going to take it from 9 million ounces of silver equivalent to 16 million ounces of silver equivalent production per year. Having that scale should improve our earnings. And we’ve had positive earnings over the years. This quarter in itself, of course, we lost $0.01. Obviously, we don’t want to be in that position. We want to be making money, no matter what price of silver is or what price of gold is. And I think Terronera is going to do that for us.
