Endeavour Mining declares maiden dividend as it explores acquisitions
12 November 2020 - 17:49
Endeavour Mining, the acquisitive gold producer backed by Egyptian billionaire Naguib Sawiris, is in talks about a potential combination with Toronto-listed Teranga Gold as it seeks to build scale.
The West Africa-focused gold miner on Thursday declared its first dividend, saying it will pay out $60m, or $0.37 per share, to investors after it reported higher producton. The dividend will be paid to shareholders in the first quarter of 2021, earlier than expected. Endeavour's third-quarter production jumped 64% from the previous quarter to 244,000oz of gold, according to reports said...
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