Endeavour Silver and AuRico Gold Extend Closing of the Purchase/Sale of the El Cubo Silver-Gold Mine and the Guadalupe y Calvo Gold-Silver Project to July 13, 2012
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/29/12 -- Endeavour Silver Corp. (TSX: EDR)(NYSE: EXK)(FRANKFURT: EJD) ("Endeavour") and AuRico Gold Inc. (TSX: AUQ)(NYSE: AUQ) ("AuRico Gold") announce that they have agreed to extend closing of the purchase/sale of the El Cubo mine in Guanajuato State, Mexico and the Guadalupe y Calvo ("GyC") property in Chihuahua State, Mexico to July 13, 2012.
Endeavour has been completing a detailed assessment of the El Cubo mine and anticipates releasing its own reserve and resource estimate shortly. A new short term mine plan, long term growth outlook and guidance on production, cash costs, capital and exploration programs and budgets for 2012 will be released after Closing.
Endeavour has also initiated a more detailed assessment of the Guadalupe y Calvo resources and exploration targets and will release its 2012 exploration program and budget after closing.
ENDEAVOUR SILVER CORP.
Bradford J. Cooke, Chief Executive Officer
About Endeavour Silver Corp.
Endeavour Silver is a premier mid-tier silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted seven consecutive years of growing silver production, reserves and resources. The organic expansion programs now underway at Endeavour's two (soon to be three) operating silver mines in Mexico combined with its strategic acquisition and exploration programs should facilitate Endeavour's goal to become the next premier senior silver mining company.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with a diversified portfolio of high quality mines and projects in North America. With initial production achieved at Young-Davidson, the Company will be focussed on 3 core operations including the Ocampo mine in Chihuahua State and the El Chanate mine in Sonora State. The exciting Young-Davidson gold mine in northern Ontario is expected to reach commercial production by the third quarter of this year and ramp-up to over 250,000 ounces of annual production by 2016. AuRico's strong project pipeline includes several advanced development opportunities in Mexico and British Columbia. AuRico's head office is located in Toronto, Ontario, Canada. For further information please visit the AuRico Gold website at http://www.auricogold.com.
Contacts:
Endeavour Silver Corp.
Hugh Clarke
Vice President, Corporate Communications
(604) 685-9775 or Toll Free: 1-877-685-9775
hugh@edrsilver.com
Endeavour Silver Corp.
Lana McCray
Investor Relations
(604) 685-9775 or Toll Free: 1-877-685-9775
(604) 685-9744 (FAX)
lmccray@edrsilver.com
www.edrsilver.com
AuRico Gold Inc.
Anne Day
Vice President, Investor Relations and Communications
(647) 260-8880
anne.day@auricogold.com
www.auricogold.com
