Allied Gold to acquire an 85% stake in Agbaou mine from Endeavour Mining for $80m.

Allied Gold, a gold explorer, agreed to acquire an 85% stake in Agbaou mine, a gold mine, from Endeavour Mining, a miner, for $80m. “The sale of our interest in the Agbaou mine to Allied Gold is in line with our strategy of actively managing our portfolio to focus management efforts on high margin, long-life core assets. We are very proud of what we have accomplished at Agbaou as we have installed a strong and capable team, which is now led by an Ivorian General Manager, supported by a number of local employees in leadership positions, ensuring we leave behind a strong legacy. I want to thank our Agbaou employees for their huge commitment, professionalism and contribution to Endeavour’s evolution over the past years," Sébastien de Montessus, Endeavour President and CEO.