RE:Endeavour Mining Sells Agbaou Mine For Total Consideration ONot exactly sold "for cash" - only $20m of cash. Nevertheless, makes sense to dispose of this asset which doesn't fit in the "magic quadrant" (low cost, long mine life). I expect Karma to go next - to be replaced by Fetekro in due course. I expect the Fetekro FS, due for publication this quarter, to show a 200koz p.a. low cost operation.
I asked Endeavour what % of Allied Gold's equity their $40m stake will represent. Answer is 6.5%, post the transaction. Agbaou looks like a good fit for Allied, being just over 20kms, as the crow flies, from its Bonikro mine.
Fingers crossed that 6.5% stake will turn out to be a "nice little earner" in the fullness of time, if Allied IPOs.