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Endeavour Silver Completes Sale of Bolañitos Mine

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VANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” o...

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AI Summary

Endeavour Silver sells Bolañitos Mine for $40 million to Guanajuato Silver. The deal includes contingent payments linked to silver production milestones. Endeavour intends to focus resources on core silver assets post-sale. Transaction closed with specific share restrictions and rights agreements. Future growth plans target Terronera and Pitarrilla projects.

Sentiment Rationale

The sale allows Endeavour to focus on core assets, potentially enhancing future profitability. Past similar sales often resulted in increased shareholder value due to streamlined operations.

Trading Thesis

The strategic resource focus will strengthen Endeavour's market position over time. Previous restructurings in mining companies have resulted in long-term value increases within 1-2 years post-adjustment.

Market-Moving

  • Endeavour Silver sells Bolañitos Mine for $40 million to Guanajuato Silver.
  • The deal includes contingent payments linked to silver production milestones.
  • Endeavour intends to focus resources on core silver assets post-sale.

Key Facts

  • Endeavour Silver sells Bolañitos Mine for $40 million to Guanajuato Silver.
  • The deal includes contingent payments linked to silver production milestones.
  • Endeavour intends to focus resources on core silver assets post-sale.
  • Transaction closed with specific share restrictions and rights agreements.
  • Future growth plans target Terronera and Pitarrilla projects.

Companies Mentioned

  • GSVR (GSVR)
  • AG (AG)
  • SLVP (SLVP)

Corporate Developments

The sale is significant as it aligns with Endeavour's strategic plans and impacts EXK's near-term value through potential for future gains from focused investments.

Endeavour Silver Corp. Finalizes Sale of Bolañitos Mine to Guanajuato Silver

VANCOUVER, British Columbia, January 15, 2026 — Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has successfully completed the sale of its Bolañitos silver and gold mine to Guanajuato Silver Company Ltd. (TSXV: GSVR). This significant transaction, detailed in a share purchase agreement first disclosed on November 24, 2025, marks a pivotal moment for Endeavour as it shifts focus towards its core silver assets and strategic growth plans.

Transaction Overview

The Bolañitos Mine, located in Guanajuato, Mexico, was transferred under a share purchase agreement where Guanajuato Silver acquired all issued and outstanding shares of Mina Bolañitos, S.A. de C.V. The total consideration for this sale amounts to US$40 million, comprising:

  • US$30 million in cash
  • US$10 million in common shares of Guanajuato Silver at a deemed price of US$0.2709413 (C$0.3815) per share

This share price is based on the volume-weighted average price (VWAP) of Guanajuato Shares over the ten days preceding the agreement date.

Future Contingent Payments

In addition to the initial payment, Guanajuato Silver will also issue two contingent payments of US$5 million each, linked to production milestones of two million and four million ounces of silver equivalent from the Bolañitos Mine. Each contingent payment will consist of:

  • 50% in cash
  • 50% in Guanajuato Shares

The price for the contingent shares is subject to fluctuation based on market conditions and is capped at a maximum ownership percentage of 9.9% of issued Guanajuato Shares.

Comments from Leadership

Dan Dickson, CEO of Endeavour, expressed enthusiasm regarding the transaction, stating, “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. 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.”

Investor Rights and Share Restrictions

Following the completion of the sale, Endeavour and Guanajuato Silver have established an investor rights agreement. This agreement includes:

  • The commitment by Endeavour to vote its Guanajuato Shares in alignment with the board's recommendations for a year
  • Participation rights
  • Transfer restrictions on Base Shares for 12 months with a follow-up restriction period for an additional two years

Endeavour did not incur any finders' fees in relation to this transaction.

About Endeavour Silver Corporation

Endeavour Silver is a mid-tier silver producer operating three mines in Mexico and Peru, with a strong focus on exploration projects across North America. With a solid foundation in responsible mining, Endeavour aims to drive organic growth and create long-term value for its shareholders.

For Further Information

For more details, please contact:

Allison Pettit
Vice President, Investor Relations
Email: apettit@edrsilver.com

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements under U.S. securities laws. These statements pertain to the sale of the Bolañitos Mine, including payment structures and production expectations, and are subject to various risks and uncertainties. Actual results may differ materially due to factors such as fluctuations in commodity prices and changes in government regulations.

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