VanGold Mining Corp suspended mining operations at the El Cubo underground mine on November 30, 2019 as reserves were exhausted.
On March 16, 2021, Guanajuato Silver signed a definitive asset purchase agreement with Endeavour Silver Corp. to acquire the El Cubo Complex in Guanajuato, Mexico and on April 9, 2021, asset purchase transaction closed.
Guanajuato Silver completed the refurbishment of the El Cubo mill in September 2021, with crushing and grinding of mill feed from El Cubo commencing on October 8, 2021.
The El Cubo mill continues to have ample capacity for expansion to handle additional material from nearby El Pinguico and/or other sources of material from the greater Guanajuato Mining District. |