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Endeavour Silver Completes Sale of Bolañitos Mine
VANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“En...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Endeavour Silver Completes Sale of Bolañitos Mine\nVANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce the completion of the sale of the Bolañitos silver and gold mine (the “Bolañitos Mine”) to Guanajuato Silver Company Ltd. (“Guanajuato Silver”) (TSXV: GSVR) pursuant to a share purchase agreement (the “Agreement”) previously announced on November 24, 2025 (the “Sale”). “The sale of the Bolañitos Mine marks an exciting milestone for Endeavour as we continue to focus our resources on our core silver assets and strategic growth,” said Dan Dickson, Chief Executive Officer. “We are pleased that Guanajuato Silver is well-positioned to further develop Bolañitos, and we look forward to the continued success of both companies as we advance sustainable mining in the region.” Transaction Details Pursuant to the Agreement, Guanajuato Silver acquired all the issued and outstanding shares of Mina Bolañitos, S.A. de C.V. (“Mina Bolañitos”) from affiliates of the Company. Mina Bolañitos holds the Bolañitos Mine in Guanajuato, Mexico. The total upfront consideration for the Sale is US$40 million (the “Base Consideration”), consisting of US$30 million paid in cash and US$10 million paid in common shares of Guanajuato Silver (the “Base Shares”) 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 (“Guanajuato Shares”) on the TSX Venture Exchange (“TSXV”) for the ten consecutive trading days (“10-day VWAP”) immediately preceding the date of the Agreement and converted to United States dollars using the average exchange rate posted by the Bank of Canada on November 20, 2025 (being the business day immediately preceding the date of the Agreement). In addition to the Base Consideration, Guanajuato Silver will make two contingent payments to Endeavour (the “Contingent Payments”), each being US$5 million, upon the production of two (2) million and four (4) million ounces of silver equivalent from the Bola...