In November 2024, we completed the successful implementation of the STATCOM system at our Guanaceví site, which will help optimize energy efficiency and productivity at the mine.

A Static Synchronous Compensator (STATCOM) is a device installed on electrical power systems to regulate voltage levels by providing reactive power compensation. It operates using advanced semiconductor devices, making it highly efficient and responsive compared to traditional methods such as capacitor banks or synchronous capacitors.

The main role of a STATCOM system is to stabilize voltage fluctuations, which can be detrimental to sensitive industrial processes. A critical advantage offered by STATCOM is increased efficiency and productivity. When voltage levels are stable, machinery operates at optimal performance without experiencing stress from over- or under-voltage conditions.

Stable operating conditions also mean that motors run more efficiently, with less energy waste due to heat generation from excessive currents caused by unstable voltages. While the system was a significant investment, we anticipate cost recoveries within three years as inefficiency charges from the power company are eliminated. This contributes to making our operations more sustainable—not only from an environmental standpoint but also through improved cost efficiency.

The new system is one of the initiatives under Endeavour’s Climate Action Plan, as we work to reduce and mitigate the Company’s carbon footprint. The impact of the new system will be reflected in our 2025 operations and energy performance.