Workflow
Endeavour Silver Completes Acquisition of Minera Kolpa
EDREndeavor(EDR) GlobeNewswire·2025-05-01 21:00

Core Viewpoint - Endeavour Silver Corp. has successfully completed the acquisition of Compañia Minera Kolpa S.A. and its main asset, the Huachocolpa Uno Mine, for a total consideration of 145million[1][2].AcquisitionDetails−Theacquisitionincludes145 million [1][2]. Acquisition Details - The acquisition includes 80 million in cash and 65millionincommonshares,withpotentialadditionalcontingentpaymentsofupto65 million in common shares, with potential additional contingent payments of up to 10 million [2]. - Endeavour will also assume approximately 20millioninnetdebtfromMineraKolpa[2].Financing−Thecompanycloseda20 million in net debt from Minera Kolpa [2]. Financing - The company closed a 35 million copper stream with Versamet Royalties Corporation to fund the cash component of the acquisition [3]. - Additionally, a 50millionboughtdealequityfinancingwaspreviouslyannouncedtosupporttheacquisition[3].AboutKolpaMine−TheHuachocolpaUnoMinehasover25yearsofcontinuousproductionandcurrentlyoperatesatacapacityof1,800tonnesperday(tpd)[4].−In2024,themineproduced2.0millionouncesofsilverandinQ12025,itproduced567,269ouncesofsilver[4].−Themineisexpectedtoexpanditscapacityto2,500tpd,withanenvironmentalpermitobtainedforthisexpansion[5].CapitalExpenditures−Sustainingcapitalfortheremainderoftheyearisestimatedat50 million bought deal equity financing was previously announced to support the acquisition [3]. About Kolpa Mine - The Huachocolpa Uno Mine has over 25 years of continuous production and currently operates at a capacity of 1,800 tonnes per day (tpd) [4]. - In 2024, the mine produced 2.0 million ounces of silver and in Q1 2025, it produced 567,269 ounces of silver [4]. - The mine is expected to expand its capacity to 2,500 tpd, with an environmental permit obtained for this expansion [5]. Capital Expenditures - Sustaining capital for the remainder of the year is estimated at 13 million, which includes various infrastructure projects [5]. - An $8 million exploration program is planned to further define and expand recent discoveries [6]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru [7]. - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in multiple countries [7].