Endeavour silver closes sale of cozamin royalty to gold royalty corp

Vancouver, british columbia, aug. 30, 2023 (globe newswire) -- endeavour silver corp. (“endeavour” or the “company”) (nyse: exk; tsx: edr) is pleased to announce that its wholly-owned subsidiary, minera plata adelante sa de cv (“mpa”) has closed the royalty sale (the “royalty transaction”) with gold royalty corp. as previously announced on july 31, 2023, mpa agreed to sell its interest in the 1% cozamin royalty (“royalty”) for total consideration of us$7,500,000, payable in cash. the royalty applies to two concessions (calicanto and vicochea) on capstone's cozamin copper-silver mine, located 3.6 kilometres north-northwest of zacatecas city in state of zacatecas, mexico. the sale transaction includes an option granted to gold royalty corp to purchase any additional royalties which may be granted on the five remaining concessions under the 2017 concession division agreement.
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