Globenewswire·2026-01-15 22:20Core Viewpoint - The completion of the sale of the Bolañitos silver and gold mine to Guanajuato Silver Company marks a strategic shift for Endeavour Silver Corp, allowing it to focus on its core silver assets and growth initiatives [2][3]. Transaction Details - The total upfront consideration for the sale is US$40 million, comprising US$30 million in cash and US$10 million in common shares of Guanajuato Silver at a deemed price of US$0.2709413 per share [3]. - 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, with each payment split 50% in cash and 50% in shares [4][5]. Contingent Payments - The contingent shares will be issued at a price based on the greater of the 10-day volume-weighted average price of Guanajuato shares or the minimum price permitted by the TSX Venture Exchange [5]. - The number of contingent shares is limited to a maximum ownership percentage of 9.9% of the issued and outstanding Guanajuato shares, with any excess payable in cash [6]. Investor Rights Agreement - At the closing of the sale, Endeavour and Guanajuato Silver entered into an investor rights agreement, which includes voting rights for Endeavour's shares in line with Guanajuato Silver's board recommendations for 12 months [7]. - Base shares issued under the agreement will have voluntary transfer restrictions for 12 months, with 50% subject to additional restrictions for two years thereafter [7]. Company Overview - Endeavour Silver is a mid-tier silver producer with three operating mines in Mexico and Peru, along with a robust pipeline of exploration projects across Mexico, Chile, and the United States [8]. - The company aims to drive organic growth and create lasting value, positioning itself as a leading senior silver producer [9].