Endeavour Silver Announces Definitive Agreement to Sell Bolañitos Gold-Silver Mine in Mexico to Guanajuato Silver

About this update from Guanajuato Silver Company Ltd.

[{"type":"text","content":"Endeavour Silver Announces Definitive Agreement to Sell Bolañitos Gold-Silver Mine in Mexico to Guanajuato Silver\n\n\n\n\n VANCOUVER, British Columbia, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)\n \n announces that it has entered into a definitive share purchase agreement (the “\n \n Agreement\n \n ”) with Guanajuato Silver Company Ltd. (“\n \n Guanajuato Silver\n \n ”) (TSXV: GSVR), pursuant to which Guanajuato Silver will acquire the Bolañitos silver and gold mine (the “\n \n Bolañitos Mine\n \n ”) from the Company for total consideration of up to US$50 million (the “\n \n Transaction\n \n ”), comprised of upfront consideration of US$40 million payable on closing of the Transaction and contingent consideration of an additional US$10 million. The Transaction is expected to close in January 2026.\n \n\n “As part of our ongoing strategy to create long-term value for our shareholders, the sale of Bolañitos marks a significant milestone in the rationalization of our portfolio,” said Dan Dickson, Chief Executive Officer. “By focusing our resources on our core silver assets, particularly delivering at Terronera and advancing the world-class Pitarrilla project, we are sharpening our operational focus and positioning the company for sustainable growth. We remain committed to maximizing the potential of our silver portfolio and reinforcing our leadership in the sector.”\n \n\n\n Transaction Details\n \n\n\n Pursuant to the terms of the Agreement, Guanajuato Silver will acquire all of the issued and outstanding shares of Mina Bolañitos, S.A. de C.V. (“\n \n Mina Bolañitos\n \n ”) from affiliates of the Company. Mina Bolañitos holds the Bolañitos Minein Guanajuato, Mexico.\n \n\n Total consideration payable on closing of the Transaction is US$40 million (the “\n \n Base Consideration\n \n ”), consisting of US$30 million payable in cash and US$10 million payable in common shares of Guanajuato Silver (the “\n \n Base\n \n\n Shares\n \n ”) at a deemed price of US$0.2709413 (C$0.3815) per share, being the volume-weighted average price of Guanajuato Silver’s common shares (&#x201...

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