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Endeavour Silver Agrees to Sell El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp for US$15 Million Plus Additional Contingent Payments

Endeavour Silver Agrees to Sell El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. for US$15 Million Plus Additional Contingent Payments December 18, 2020 06:50 ET | Source: Endeavour Silver Corporation Endeavour Silver Corporation Vancouver, British Columbia, CANADA VANCOUVER, British Columbia, Dec. 18, 2020 (GLOBE NEWSWIRE) Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) (“Endeavour”) announces that it has signed a binding Letter Agreement (“Agreement”) to sell its El Cubo Mine and related assets to VanGold Mining Corp. (“VanGold”) for US$15 million in cash and share payments plus additional contingent payments (the “Transaction”). Bradford Cooke, CEO of Endeavour commented, “We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and loo

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VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver Corp – IT Business Net

Signs Financing Term Sheet for US$7.5m Silver/Gold Loan Facility VANCOUVER, BC / ACCESSWIRE / December 18, 2020 / VanGold Mining Corp (the “ Company” or “ VanGold“) (TSXV:VGLD) is pleased to announce that it has signed a binding letter agreement with Endeavour Silver Corp. (“ Endeavour“) (EXK)(EDR) to acquire the El Cubo mine and mill complex located 8km by road northeast of the Company’s El Pinguico silver-gold project near the city of Guanajuato, Mexico. El Cubo Complex: Endeavour Agreement“) to acquire the El Cubo Mine and Mill complex (the “ El Cubo Complex“). With a rated capacity of 1,500 tonnes per day, the El Cubo Complex included two operating underground silver-gold mines and a flotation plant and employed over 350 people and engaged over 200 contractors until Endeavour suspended operations at the end of November 2019. For the year ended December 31, 2018, Endeavour produced a total of 4,578,940 silver equivalent (AgEq) ounces at the El Cubo Comp

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VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver Corp

VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver Corp
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New yorkUnited statesDel tajoNuevo leóxBritish columbiaSanta ceciliaEl cuboLa fortunaDel carmenDolores mineSan eusebioVeta madreJames andersonEl pinguicoVangold el pinguicoDanielj oliver

Endeavour Silver sells El Cubo mine to VanGold for US$15M

Endeavour Silver sells El Cubo mine to VanGold for US$15M Endeavour Silver s El Cubo silver mine in Guanajuato, Mexico. Credit: Endeavour Silver. Endeavour Silver (TSX: EDR; NYSE: EXK) has agreed to sell its El Cubo mine and related assets to Mexico-focused miner VanGold Mining (TSXV: VGLD). Endeavour will receive a combination of US$7.5 million cash, US$5 million in VanGold shares and US$2.5 million in unsecured promissory notes, for a total payment of US$15 million. The El Cubo mine, located in Guanajuato, Mexico, includes two previously operating underground mines and a flotation plant. Operations were suspended at the end of November 2019 due to depletion of the mine’s reserves.

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Vangold Mining Corp : VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver Corp

Vangold Mining Corp.: VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver Corp VANCOUVER, BC / ACCESSWIRE / December 18, 2020 / VanGold Mining Corp (the Company or VanGold ) (TSXV:VGLD) is pleased to announce that it has signed a binding letter agreement with Endeavour Silver Corp. ( Endeavour ) (EXK)(EDR) to acquire the El Cubo mine and mill complex located 8km by road northeast of the Company s El Pinguico silver-gold project near the city of Guanajuato, Mexico. El Cubo Complex: Endeavour Agreement ) to acquire the El Cubo Mine and Mill complex (the El Cubo Complex ). With a rated capacity of 1,500 tonnes per day, the El Cubo Complex included two operating underground silver-gold mines and a flotation plant and employed over 350 people and engaged over 200 contractors until Endeavour suspended operations at the end of November 2019. For the year ended December 31, 2018, Endeavour produced a total of 4,578,940 silver equivalent (AgEq) ounces at the El Cubo C

New yorkUnited statesDel tajoNuevo leóxBritish columbiaSanta ceciliaEl cuboLa fortunaDel carmenDolores mineSan eusebioVeta madreJames andersonEl pinguicoVangold el pinguicoDanielj oliver