Sale of Its Non-Core Boungou and Wahgnion Mines T.EDV ENDEAVOUR ANNOUNCES THE SALE OF ITS NON-CORE BOUNGOU AND WAHGNION MINES
London, 30 June 2023 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the “Company”) is pleased to announce that it has today closed the sale of its 90% interests in its Boungou and Wahgnion non-core mines in Burkina Faso (the “Agreement”) to Lilium Mining, a subsidiary of Lilium Capital, an African and frontier markets focused strategic investment vehicle led by West African entrepreneurs. The total consideration is expected to exceed $300 million and is comprised of upfront and deferred cash considerations and net smelter return royalties (“NSR”), as detailed below.
Endeavour Announces the Sale of Its Non-Core Boungou and (globenewswire.com)