Month: November 2016

Silver Standard Resources Inc. announces today that it has completed the sale of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties, to Endeavour Silver Corp. for consideration including $6 million of Endeavour Silver shares at closing (based on the average of the closing prices of Endeavour Silver shares sold on the NYSE during the ten trading days prior to September 13, 2016). Endeavour Silver is a mid-tier precious metals company with a track record of exploring for, developing and operating mines in Mexico. This transaction was previously announced in Silver Standard’s news release dated September 14, 2016.

“I am very pleased to welcome Patricia to the Primero Board,” said Wade Nesmith, Chairman. “She brings an enormous wealth of experience in international relations and government negotiations, and will be able to provide critical insight and guidance to the Board and Management as we work to achieve our goal of building Primero into a leading mid-tier gold producer.”