Lilium Mining completed the acquisition of a 90% stake in Boungou and Wahgnion mines from Endeavour Mining for $300m.

Lilium Mining, an African mining firm, completed the acquisition of a 90% stake in Boungou and Wahgnion mines from Endeavour Mining, a multinational mining company, for $300m. “We believe that Lilium Miningiswell positioned to continue to unlock value at the Boungou and Wahgnion mines, for the benefit of all stakeholders.Moreover, Liliumis a trusted Burkinabe-focused business that shares our commitment to operate the mines in the best interests of employees and local stakeholders. We wish to thank our Boungou and Wahgnion employees and local stakeholders for their commitment, professionalism and contribution to Endeavour’s success over the past several years,” Sébastien de Montessus, Endeavour Mining President and CEO.