Key Developments: Endeavour Silver Corp (EDR.TO)
4.22CAD
24 May 2013
$-0.06 (-1.40%)
$4.28
$4.27
$4.37
$4.18
74,405
178,239
$10.46
$3.95
Latest Key Developments (Source: Significant Developments)
Endeavour Silver Corp. And AuRico Gold Extend Closing Of Purchase/Sale Of El Cubo Silver-Gold Mine And Guadalupe y Calvo Gold-Silver Project
Endeavour Silver Corp. and AuRico Gold Inc. announced that they have agreed to extend closing of the purchase/sale of the El Cubo mine in Guanajuato State, Mexico and the Guadalupe y Calvo (GyC) property in Chihuahua State, Mexico to July 13, 2012. Full Article
Endeavour Silver Corp. Announces Options To Acquire Lourdes Property In Guanajuato, Mexico
Endeavour Silver Corp. announced that it has acquired an option to purchase the Lourdes silver-gold property in the Sierra del Cubo area, located about 40 kilometers (km) northeast of Guanajuato City in Guanajuato State, Mexico. The Company has an option to purchase a 100% interest in the Lourdes property for USD350,000 over a three year period, subject to a 3% net smelter return (NSR) royalty of which 2% can be purchased at any time for USD2 million. Full Article
Endeavour Silver Corp. Appoints Chairman
Endeavour Silver Corp. announced that at the Board of Directors meeting following the AGM, Geoff Handley, previously Lead Independent Director, was appointed Chairman of the Board, Rex McLennan re-appointed Chair of the Audit Committee, Ricardo Campoy appointed Chair of the Compensation Committee and Geoff Handley re-appointed Chair of the Governance and Nominating Committee. Bradford Cooke, previously held the position of Chairman. Full Article
Endeavour Silver Corp. Signs Definitive Agreement With AuRico Gold Inc. To Acquire 100% Interests In Operating El Cubo Silver-Gold Mine And Guadalupe y Calvo Silver-gold Exploration Project
Endeavour Silver Corp. and AuRico Gold Inc. announced that they have entered into a definitive agreement whereby Endeavour will acquire 100% interests in AuRico Gold's operating El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico, for total consideration of up to USD250 million. On Closing, Endeavour will pay AuRico Gold USD200 million, comprised of, at Endeavour's election, up to USD100 million of the purchase price in Endeavour common shares and the balance in cash. Post-Closing, AuRico Gold will be entitled to receive up to an additional USD50 million in cash payments from Endeavour upon the occurrence of certain events during the three years following Closing. Full Article
Endeavour Silver Corp. Comments On Q4 2011 Guidance; Comments On Q4 2011 Production Guidance
Endeavour Silver Corp. announced that in fourth quarter of 2011, it anticipates its financial performance will continue to improve, reflecting the current high silver and gold prices and an increase in the Company's precious metal production resulting from the newly expanded Guanajuato plant. Full Article
Endeavour Silver Corp. Options Lomas Bayas Silver-Gold Property In Chile
Endeavour Silver Corp. announced that it has acquired an option to purchase the Lomas Bayas silver-gold property in the Copiapo region of northern Chile. Endeavour can acquire a 100% interest in Lomas Bayas for cash payments totaling USD2,500,000 over a eighteen month period followed by a final cash payment ranging from USD10 to $15 per ounce of gold equivalent reserves and resources (with silver as the only equivalent) as estimated in an independent NI 43-101 report on the property within 24 months of signing the agreement. A Phase 1, 50 hole, 10,000 meter reverse circulation drill program is now underway to test the thicker but lower grade zones of wall-rock breccias, sheeted vein-lets and stock-works along strike and down dip within the historic mineralized areas at Lomas Bayas. Full Article
Endeavour Silver Corp. Comments On Q4 2011 Production Guidance
Endeavour Silver Corp. announced that it anticipates production should set a new record in the fourth quarter of 2011. Full Article
Endeavour Silver Corp. Announces Option To Purchase La Presidenta Silver Property
Endeavour Silver Corp. announced that it has acquired an option to purchase the La Presidenta silver property in the Copiapo region of northern Chile. La Presidenta has a history of small scale silver mining and appears to be prospective for the discovery of bulk tonnage, low grade silver mineralization. This 1,700 hectare (4,200 acre) property is located approximately 50 kilometers (km) southeast of the city of Copiapo in gentle terrain at an elevation of 1800 meters (m) above sea level, and is readily accessible from Copiapo in less than a one hour drive on paved and gravel roads. Full Article
UPDATE 2-Canadian miners cut jobs, spending as metal prices fall
* Endeavour Silver to defer 20 pct of capital investments in 2013
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