Endeavour Silver(US:EXK) Globenewswire·2025-11-24 11:50Core Viewpoint - Endeavour Silver Corp. has entered into a definitive share purchase agreement with Guanajuato Silver Company Ltd. for the sale of the Bolañitos silver and gold mine for total consideration of up to US$50 million, with the transaction expected to close in January 2026 [1][2]. Transaction Details - Guanajuato Silver will acquire all issued and outstanding shares of Mina Bolañitos, S.A. de C.V., which holds the Bolañitos Mine in Guanajuato, Mexico [3]. - The total consideration payable at closing is US$40 million, consisting of US$30 million in cash and US$10 million in common shares of Guanajuato Silver at a deemed price of US$0.2709413 (C$0.3815) per share [4]. - In addition to the base consideration, Guanajuato Silver will make two contingent payments of US$5 million each upon the production of two million and four million ounces of silver equivalent from the Bolañitos Mine [5]. Contingent Payments - Each contingent payment will be satisfied 50% in cash and 50% in Guanajuato Shares, with the share price determined by the greater of the 10-day VWAP at the milestone payment date or the minimum price permitted by the TSXV [6]. - The number of contingent shares is subject to a maximum ownership percentage of 9.9% of the issued and outstanding Guanajuato Shares [7]. Investor Rights Agreement - An investor rights agreement will be established at closing, including participation rights for Endeavour and a commitment to vote in accordance with Guanajuato Silver's board recommendations for 12 months [8]. Closing Conditions - The transaction is subject to customary closing conditions, including regulatory approvals and the investor rights agreement [9]. - A reciprocal termination fee of US$2.5 million is included in the agreement, payable under certain circumstances [9]. Company Overview - Endeavour Silver is a mid-tier silver producer with four operating mines in Mexico and Peru, focusing on organic growth and creating lasting value [10].