Endeavour Silver Corp. (TSX:EDR) entered into the share purchase agreement to acquire Compañía Minera Kolpa S.A. from Arias Resource Capital Management LP and GR Holding S.A. (BVL:GRHOLDC1) for approximately $160 million on April 1, 2025. The aggregate purchase price of $145 million (subject to certain adjustments) comprised of $80 million in cash and $65 million payable in Common Shares. In addition, as part of the Acquisition, Endeavour has agreed to pay up to an additional $10 million in contingent payments upon the occurrence of certain events, and will also add approximately $20 million in net debt, which will remain outstanding and repayable by Minera Kolpa. The Purchase Price will be funded from the net proceeds of the Offering, net proceeds from the Stream Agreement, cash on hand and the issuance of Common Shares. The Company has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 10,320,000 Shares, at a price of $3.88 per Share for aggregate gross proceeds of approximately $40 million. Blake, Cassels & Graydon LLP acted as a escrow agent and held $5 million as escrow deposit.

Closing of the Transaction remains subject to TSX and NYSE regulatory approvals, as well as customary closing conditions. The Transaction have been approved by the board of directors of Endeavour. The transaction is expected to close in the first half of 2025.

Accelera Capital Inc acted as financial advisor for Endeavour Silver Corp. Blake, Cassels & Graydon LLP acted as legal advisor for Endeavour Silver Corp. Philippi Prietocarrizosa Ferrero Du & Uria acted as legal advisor for Endeavour Silver Corp. Luis Miguel Elias and Alberto Rebaza of Rebaza, Alcázar & De Las Casas and Darin Renton of Stikeman Elliott LLP acted as legal advisors to Shareholders of Compañía Minera Kolpa.

Endeavour Silver Corp. (TSX:EDR) completed the acquisition of Compañía Minera Kolpa S.A. from Arias Resource Capital Management LP and GR Holding S.A. (BVL:GRHOLDC1) on May 1, 2025.