Allied Gold Corp’s $80 Million Acquisition Of Agbaou Mine From Endeavour Mining

Norton Rose Fulbright has advised Endeavour Mining on the deal.

Endeavour Mining sold its 85% interest in its non-core Agbaou Mine in Côte d’Ivoire. The sale was agreed to Allied Gold Corp for consideration of up to $80 million with further upside through its equity exposure and a Net Smelter Return royalty.

Endeavour Mining is one of the world’s top ten senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

The Norton Rose Fulbright team advising Endeavour Mining was led by London-based corporate partner Raj Karia (Picture), with assistance from senior associate Sam Morrey and associate Hannah Culshaw.

 

Involved fees earner: Hannah Culshaw – Norton Rose Fulbright; Raj Karia – Norton Rose Fulbright; Sam Morrey – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Endeavour Mining Corporation;

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Federica Tiefenthaler

Author: Federica Tiefenthaler