$ EXK. Endeavour Silver to Standardize Processes & Workflows on Terronera Mine Project With ARES PRISM 8:00 am ET June 23, 2021
Endeavour Silver Corporation, a mid-tier silver mining company operating underground mines in Mexico and Chile, has selected ARES PRISM project controls software for use on their Terronera Mine Project to reduce manual labor, standardize processes and workflows, and improve project data integration.
The Terronera Mine Project was acquired in 2010, and is located within Jalisco, Mexico. Per recent pre-feasibility studies, the Terronera site with its large amounts of silver and gold deposits has the potential to become Endeavour Silver's next core asset and its largest and lowest cost mine. ARES PRISM project controls software has a heavily proven track record and is used vastly in the mining industry at more than 80 percent of the world's top mining organizations.
"Our objective was to establish a centralized system that could be used from the beginning of the project to standardize processes and improve the flow of project data allowing for increased efficiency and better project delivery," Andres Zavaleta, Project Management Consultant with Endeavour Silver, said. "ARES PRISM can fully integrate with our current ERP system to enable Endeavour Silver to create standardized workflows and processes."
Endeavour Silver is implementing the full PRISM G2 software suite which includes the cost management, engineering, contracts, procurement, and field management modules. Alongside, they will implement PRISM Docs and PRISM Dashboard. PRISM Docs will enable their teams to find, share, and control business documents, while PRISM Dashboard will provide them a series of pre-designed dashboard views and reports for visually showing progress and performance information.
Endeavour Silver has also elected to implement PRISM Go, a web-based extension that allows remote access into a project's core data set and limited portal access for third-party contractors for project progression in a secure environment.
"We find that many project organizations are limited by data silos," Geoffrey Stubson, CFO of ARES Project Management, said. "But in choosing to implement nearly the entire ARES PRISM project software suite, Endeavour Silver has taken a strong initiative to eliminate silos and get the most of their project data while saving time and costs developing the Terronera Mine."
About Endeavour Silver Corporation
Endeavour Silver is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera Mine Project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. www.edrsilver.com.
About ARES PRISM
ARES PRISM is enterprise project controls software that manages the project lifecycle delivering dependable forecasts, cost control, and performance measurement. PRISM is a scalable, robust and intuitive system that harnesses industry best practices and integrates all aspects of the project, including cost and schedule, change management, project estimating, earned value, contracts & procurement, and field progressing. Achieve superior project management with increased visibility and control, boosted accuracy and efficiency, and improved financial performance. www.aresprism.com.
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