07:55 AM EST, 11/24/2025 (MT Newswires) -- Endeavour Silver ( EXK ) said Monday it agreed to sell its Bolanitos gold and silver mine in Guanajuato, Mexico, to Guanajuato Silver for up to $50 million, with closing expected in January 2026.

The deal includes $40 million at closing, made up of $30 million in cash and $10 million in Guanajuato Silver shares priced at $0.27 per share, the company said.

Endeavour will also receive two contingent payments of $5 million each, paid half in cash and half in Guanajuato shares when Bolanitos reaches 2 million and 4 million ounces of silver equivalent output, subject to a 9.9% ownership cap, it said.

The companies will sign an investor rights agreement giving Endeavour participation rights and imposing voting and transfer restrictions on its Guanajuato stake, and either side may owe a $2.5 million breakup fee that can be partly settled in shares, the company added.

The transaction is subject to customary regulatory and closing conditions, including completion of the investor rights agreement, Endeavour said.

Shares of the company were up by over 1.5% in recent Monday premarket activity.