11th Mar 2022 11:49
Endeavour Mining PLC - London-based mining company focused on the Ivory Cost, Burkina Faso and Mali - Closes the sale of its 90% interest in the Karma mine in Burkina Faso. The sale is for USD25 million plus a 2.5% net smelter return royalty. The interest is sold to Burkina Faso-based mining company Nere Mining. Endeavour lowers its production guidance from continuing operations to account for the removal of Karma to 1.3 million to 1.4 million ounces from 1.4 million to 1.5 million ounces. Read More
