EDR - Endeavour Silver remains on track with construction of its Terronera Project
(NewsDirect)
Endeavour Silver CEO Dan Dickson joinedSteve Darling from Proactive to share news that the company'swholly-owned subsidiary, Minera Plata Adelante SA, has successfullyclosed a royalty sale transaction with Gold Royalty Corp, resulting intotal consideration of $7.5 million.
Dickson explained that the royalty sale pertains to twoconcessions associated with Capstone's Cozamin copper-silver mine,located in Mexico. Under the terms of the sale agreement, Gold RoyaltyCorp has the option to acquire any additional royalties that may begranted on the five remaining concessions covered by the 2017concession division agreement.
Theproceeds from the royalty sale will be deployed strategically toadvance Endeavour Silver's operations. Specifically, the companyplans to allocate the capital towards progressing its two high-gradeunderground silver-gold mines located in Mexico. This includessupporting the ongoing construction and development of the TerroneraProject, a key initiative for Endeavour Silver's growth.
Thesuccessful closure of the royalty sale not only provides EndeavourSilver with additional capital but also demonstrates the company'scommitment to optimizing its portfolio and maximizing the value of itsmining assets in Mexico.
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