Endeavour Silver Completes Sale of Bolañitos Mine to Guanajuato Silver Company Ltd. for $40 million in upfront consideration and potential contingent payments of up to $10 million.

Endeavour Silver Corp. has completed the sale of the Bolañitos silver and gold mine to Guanajuato Silver Company Ltd. for a total upfront consideration of $40 million. The deal includes a base consideration of $30 million in cash and $10 million in common shares of Guanajuato Silver. Two contingent payments of $5 million each will be made upon the production of 2 million and 4 million ounces of silver equivalent from the mine.