Endeavour Silver remains on track with construction of its Terronera Project
–News Direct–
Endeavour Silver CEO Dan Dickson joined Steve Darling from Proactive to share news that the company's wholly-owned subsidiary, Minera Plata Adelante SA, has successfully closed a royalty sale transaction with Gold Royalty Corp, resulting in total consideration of $7.5 million.
Dickson explained that the royalty sale pertains to two concessions associated with Capstone's Cozamin copper-silver mine, located in Mexico. Under the terms of the sale agreement, Gold Royalty Corp has the option to acquire any additional royalties that may be granted on the five remaining concessions covered by the 2017 concession division agreement.
The proceeds from the royalty sale will be deployed strategically to advance Endeavour Silver's operations. Specifically, the...