Endeavour Silver expands into Peru with $145m Minera Kolpa deal
Precious metals miner Endeavour Silver has agreed to acquire Minera Kolpa in a $145-million cash-and-stock deal as the Canadian miner expands its footprint in Peru, one of the world's top silver-producing nations.
The Vancouver-based company will pay $80-million in cash and $65-million in Endeavour shares to acquire Kolpa, a silver-focused polymetallic mining company. The deal also includes up to $10-million in contingent cash payments and the assumption of about $20-million in net debt, Endeavour said in a statement Tuesday.
The acquisition gives Endeavour its first producing mine in Peru and is expected to boost the company’s production by about five-million silver-equivalent ounces a year. Kolpa’s Huachocolpa Uno mine, located in the Huancavelica region, produced about two-million ounces of silver in 2024, along with lead, zinc, and copper.
The Kolpa mine has been expanded over time to its current installed capacity of 1 800 t/d. Endeavour is pursuing permits to increase that to 2 500 t/d.
“Today marks a significant milestone in Endeavour's journey to becoming a senior silver producer,” CEO Dan Dickson said in the statement. “The acquisition of the Kolpa mine represents a material increase to our silver-equivalent-ounce production and is a testament to our team’s dedication and vision.”
The deal aligns with Endeavour’s goal of becoming a senior silver producer by adding a third producing asset. The underground mine fits well with the company’s existing technical expertise, and the land package is largely underexplored, providing further upside potential.
Kolpa’s location in a prolific silver mining district could also pave the way for additional acquisitions, Endeavour said.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
