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Client Work

AuRico Gold completes sale of Mexican gold and silver mines to Endeavour for US$200 million

Fasken
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AuRico Gold Inc.

AuRico Gold Inc. and Endeavour Silver Corp. have completed the sale by AuRico Gold to Endeavour of AuRico Gold's El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico. Total consideration paid at closing by Endeavour was US$200 million comprised of US$100 million in cash and US$100 million in Endeavour common shares (11,037,528 shares). AuRico Gold will also be entitled to receive up to an additional US$50 million in cash payments from Endeavour conditional on the occurrence of certain events during the next three years. AuRico Gold was advised on this transaction by a team that included Krisztián Tóth and Jeff Gebert.

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