Endeavour Silver Corp. (EXK), a mining company, on Tuesday announced that it has signed a definitive agreement to acquire Compañia Minera Kolpa S.A. and the Huachocolpa Uno Mine assets for a total of $145 million.
The silver-focused polymetallic mining company's main assets include the Huachocolpa Uno Mine located in Huancavelica Province, Peru.
The transaction will be $80 million in cash and $65 million in common shares of Endeavour upon closing.
The number of shares issued is based on a price of $4.618 per share.
Endeavour may pay up to an extra $10 million in cash if certain conditions are met. Additionally, about $20 million in net debt will remain with Minera Kolpa which will be outstanding for repayment.
The deal will be funded through proceeds from a new copper purchase agreement with Versamet Royalties Corp, a bought deal financing.
In the pre-market trading, Endeavour Silver is 5.39% lesser at $4.04 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.