Guanajuato Silver to acquire Bolanitos gold-silver mine from Endeavour Silver for $50m.

Guanajuato Silver, a precious metals producer based in central Mexico, specializing in the exploration and production of silver and gold, agreed to acquire Bolanitos gold-silver mine from Endeavour Silver, a mid-tier precious metals company exploring for gold and silver deposits, for $50m. "The numerous advantages of integrating our San Ignacio Mine into the Bolanitos Mines Complex are obvious; we have already begun preparations to ensure seamless integration of this asset into our production portfolio, allowing us to quickly realize the economic rewards from this acquisition. By expanding our production platform within the prolific Guanajuato Mining District we have taken another positive step towards building Mexico's next mid-tier precious metals producer," James Anderson, Guanajuato Silver Chairman and CEO.