Endeavour Silver has completed the acquisition of Compañia Minera Kolpa (Minera Kolpa) and its primary asset, the Huachocolpa Uno Mine (Kolpa), in Peru for a total consideration of $145m (C$200.2m).

The acquisition follows the signing of a share purchase agreement in April 2025.

This strategic move aligns with Endeavour's objective to become a senior silver producer and marks its third producing mine and first venture in Peru, a top silver-producing country.

The transaction includes $80m in cash and $65m in Endeavour common shares. An additional $10m in contingent payments has been agreed upon, subject to certain events, and approximately $20m in net debt will be assumed by Minera Kolpa.

To finance the cash portion of the acquisition, Endeavour has closed a $35m copper stream with Versamet Royalties, complemented by $50m in bought deal equity financing.

Versamet CEO Dan O'Flaherty said: "Versamet is very happy to partner with Endeavour Silver on this transaction, and we congratulate them on this important step towards becoming a premier senior silver producer.

“With Versamet on the cusp of listing its shares on the TSX Venture Exchange, we are excited to add Kolpa and its immediate production to our portfolio, which as a whole is expected to produce between 14,000 and 16,000 gold equivalent ounces in 2026."

Minera Kolpa is a well-established mining operation focused on silver, located in the districts of Huachocolpa and Santa Ana, approximately 490km south-east of Lima, Peru.

In 2024, Kolpa produced two million ounces of silver, contributing to a total of 5.1 million silver-equivalent ounces.

Kolpa has a current capacity of 1,800 tonnes per day (tpd), which is expected to be expanded to 2,500tpd.

With the environmental permit secured for the expansion, Endeavour is now progressing towards obtaining the necessary operating permit, expected in the third quarter of 2025.

The company has allocated $13m for sustaining capital for the year, including expansion of the tailings dam and mine infrastructure, with an additional $8m planned for exploration to expand recent discoveries and publish a resource estimate. These expenditures will be covered by operating cash flows.

"Endeavour Silver completes $145m acquisition of Minera Kolpa in Peru" was originally created and published by Mining Technology, a GlobalData owned brand.

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