Your Questions, Our Answers
Q: Pitarrilla appears to be a great project with a very large historical resource. Why did SSR Mining sell it to Endeavour Silver? Why didn't they keep Pitarrilla and develop it?
A: The Pitarrilla acquisition is an excellent fit for Endeavour Silver. We are one of the last few primary silver companies in the world and Pitarrilla is one of the largest undeveloped silver deposits in the world.
There has been comprehensive work done by SSR Mining to advance the project. As stated by SSR Mining, with the Pitarrilla transaction, SSR Mining continues to deliver on its goal of portfolio rationalization, realizing value for its shareholders by monetizing its non-core assets.
Endeavour believes Pitarrilla has the potential to provide Endeavour shareholders with a significant opportunity for long-term value creation. The acquisition of Pitarrilla is expected to close in the first half of 2022.
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