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Stock impact report

Endeavour Silver expands into Peru with $145m acquisition of Minera Kolpa [Yahoo! Finance]

Endeavour Silver Corporation Ordinary Shares (Canada) (EXK) 
Last endeavour silver corporation ordinary shares (canada) earnings: 2/24 06:50 am Check Earnings Report
US:NYSE Investor Relations: edrsilver.com/investors/financials
Company Research Source: Yahoo! Finance
Huachocolpa Uno Mine (Kolpa), in Peru from its shareholders, in a deal valued at $145m (C$207.41m). The acquisition marks Endeavour Silver's third producing mine and its first in Peru. Under the terms of the agreement, Endeavour Silver will pay $80m in cash and issue $65m in common shares to Minera Kolpa's shareholders, who are affiliates of Arias Resource Capital Management and Grupo Raffo. Additionally, Endeavour has agreed to pay up to $10m in contingent cash payments based on certain conditions. It will also assume approximately $20m in net debt from Minera Kolpa. The transaction will be funded using proceeds from a new copper purchase agreement signed with Versamet Royalties Corporation, a bought deal financing of shares and existing cash reserves. As per the copper purchase agreement, Versamet will pay upfront cash of $35m to acquire a copper stream at Kolpa. Endeavour has also signed an agreement with a syndicate of underwriters, led by BMO Capital Markets, for a bo Show less Read more
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