Endeavour Silver, AuRico Gold Complete Sale/Purchase Of El Cubo Mine and Guadalupe Y Calvo Project

Endeavour Silver Corp. (TSX:EDR) and AuRico Gold Inc. (TSX:AUQ) announced the completed acquisition of 100% interests in AuRico Gold’s El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadelupe y Calvo silver-gold exploration project in Chihuahua state by Endeavour.

As quoted in the press release:

Total consideration paid at closing by Endeavour was US$200 million comprised of US$100 million in cash and US$100 million in Endeavour common shares (11,037,528 shares). AuRico will also be entitled to receive up to an additional US$50 million in cash payments from Endeavour conditional on the occurrence of certain events during the next three years. Endeavour will provide more details on its plans for El Cubo and Guadalupe y Calvo next week.

Click here to read the full press release.