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AuRico Gold announces agreement to sell its mines to Endeavour Silver for up to US$250 million

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Overview

Client

AuRico Gold Inc.

AuRico Gold announced an agreement to sell its 100% interest in the AuRico Gold mines located in Guanajuato State, Mexico and Guadalupe y Calvo in Chihiahua State, Mexico for up to US$250 million to Endeavour Silver Corp. Upon closing, AuRico Gold will receive US$200 million, which will be comprised of up to US$100 million of the purchase price in Endeavour common shares, and the balance in cash. AuRico Gold will also be entitled to an additional US$50 million in cash dependent on the occurrence of certain events in the three years following closing. AuRico Gold was advised on the legal aspects of this agreement by Krisztián Tóth.

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