The Bolañitos gold‑silver mine in Guanajuato, Mexico, has been sold by Endeavour Silver Corp. to Guanajuato Silver Company Ltd. for up to US$50 million. The deal consists of an upfront cash payment of US$40 million and up to US$10 million in contingent payments tied to future production milestones. Closing is expected in January 2026, subject to customary conditions and regulatory approvals.
Endeavour’s decision to divest Bolañitos is part of a broader strategy to rationalize its portfolio and concentrate capital on higher‑growth assets. The company is focusing on the Terronera project in Mexico and the recently acquired Minera Kolpa in Peru, both of which are positioned to deliver higher production volumes and stronger cash flows. By selling Bolañitos, Endeavour will strengthen its balance sheet, reduce its mine‑operating footprint, and free up resources for accelerated development of its core projects.
Guanajuato Silver views the acquisition as a key step in consolidating its presence in the Guanajuato Mining District. Bolañitos produced 2.47 million silver‑equivalent ounces in FY 2024 and operates a 1,600‑tonne‑per‑day flotation plant that is currently running at roughly 75 % capacity. The purchase expands Guanajuato Silver’s resource base, increases its production profile, and supports its strategy of building a vertically integrated silver operation in the region.
Financial context underscores the significance of the transaction. Endeavour reported a net loss of US$41.96 million in Q3 2025, a widening from the US$17.3 million loss in Q3 2024, reflecting ongoing cost pressures and lower commodity prices. In contrast, Guanajuato Silver has posted three consecutive quarters of positive mine operating income, with Q4 2024 showing a 416 % increase over the prior quarter. The sale therefore provides Endeavour with much‑needed liquidity while allowing Guanajuato Silver to capitalize on a proven asset with strong production potential.
Dan Dickson, Endeavour’s CEO, said the company is “sharpening its operational focus by concentrating on our core silver assets, particularly Terronera and the world‑class Pitarrilla project.” The statement signals a strategic pivot toward higher‑margin, higher‑growth projects and a commitment to improving financial resilience.
The transaction positions both companies for future growth. Endeavour can redirect capital and management attention to its flagship projects, potentially accelerating production ramp‑up and improving cash flow generation. Guanajuato Silver gains a mature mine with proven output, enhancing its production mix and supporting its consolidation strategy in the Guanajuato district. Together, the deal reflects a broader trend of portfolio optimization and resource consolidation in the silver mining sector.
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