M&A Deal Summary

Endeavour Silver Acquires Pitarrilla Project

On July 6, 2022, Endeavour Silver acquired metals/mining company Pitarrilla Project from SSR Mining

Acquisition Highlights
  • This is Endeavour Silver’s 1st transaction in the Metals/Mining sector.
  • This is Endeavour Silver’s 1st transaction in Mexico.

M&A Deal Summary

Date 2022-07-06
Target Pitarrilla Project
Sector Metals/Mining
Buyer(s) Endeavour Silver
Sellers(s) SSR Mining
Deal Type Divestiture

Target

Pitarrilla Project

Durango, Mexico
Pitarrilla Project comprises 4,950 hectares across five concessions and has significant infrastructure in place with direct access to utilities. Pitarrilla Project is based in Durango, Mexico.

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Buyer(S) 1

Buyer

Endeavour Silver

Vancouver, British Columbia, Canada

Category Company
Founded 1981
Sector Metals/Mining
Employees1,350
Revenue 205M USD (2023)
DESCRIPTION

Endeavour Silver is a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato. Endeavour Silver was founded in 1981 and is based in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

SSR Mining

Denver, Colorado, United States

Category Company
Founded 1946
Sector Metals/Mining
Employees2,500
Revenue 1.4B USD (2023)
DESCRIPTION

SSR Mining is a mining company focused on the operation, development, exploration and acquisition of precious metal projects. SSR Mining was founded in 1946 and is headquartered in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Taiga Gold

Cranbrook, British Columbia, Canada

Taiga Gold is committed to building shareholder value by advancing its portfolio of gold projects through self-funded exploration programs and collaborative partnerships with other mining and exploration companies. Through this process and with a simplified corporate structure, the goal of Taiga Gold Corp. is to create itself a compelling target for companies wishing to acquire high-quality gold projects for advancement. Taiga Gold is based in Cranbrook, British Columbia.

Buy CA$27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-28 Cripple Creek & Victor Gold Mining

Victor, Colorado, United States

Cripple Creek & Victor Gold Mining is a surface mine that provides ore to a crusher and a leach facility. Cripple Creek & Victor Gold Mining was founded in 1976 and is based in Victor, Colorado.

Buy $100M