Rebaza, Alcazar & De Las Casas advises on US$145 million agreement for the sale of Compañía Minera Kolpa to Endeavour Silver Corp.

Rebaza, Alcázar & De Las Casas in Lima, Peru advised the sellers, which are members of Arias Resource Capital Management and Grupo Raffo, respectively, in the execution of a definitive agreement dated 01 April 2025 for the sale of all issued and outstanding shares of Compañía Minera Kolpa S.A. ("Kolpa") to Endeavour Silver Corp. ("Endeavour"). Closing is expected to occur in two months or around mid-2025, subject to certain customary conditions precedent.

The aggregate consideration for the transaction is USD 145 million, comprising a portion payable in cash and in equity. There is also a contingent payment subject to certain events.

This transaction is a key milestone for Endeavour as it represents the first acquisition of a Peruvian operating asset and its expansion into Peru. Kolpa is a silver-focused polymetallic mining company with operations located in the Huachocolpa and Santa Ana districts in the province and department of Huancavelica, approximately 490 km southeast of Lima, Peru.

Endeavour is a mid-tier precious metals company with operations in Mexico and the development of a new mine in Jalisco state, including a portfolio of mining exploration projects in Mexico, Chile and the United States.

Counsel to the Shareholders of Compañía Minera Kolpa:

Rebaza, Alcázar & De Las Casas: Partners Luis Miguel Elias and Alberto Rebaza, Senior Associates Josefina Arana, Fiorella Wismann and Pablo Leon, and Associate Derek Ortmann

Stikeman Elliott LLP: Partner Darin Renton, Associates Bita Ghiasi and John Lee.

Counsel to Endeavour:

Philippi Prietocarrizosa Ferrero DU & Uría: Partner Rafael Lengua, Senior Associates Sergio Cueva and Mitzy Longa
Blake, Cassels & Graydon LLP: Partners Kathleen Keilty and Evan Straight and Associate Justin Tiessen

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