Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

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

Reading Time 1 minute read Subscribe



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.



    Receive email updates from our team