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What next for scandal-hit Endeavour Mining?

The fight between London’s largest gold miner and its former chief executive could roll on, but an earnings rebound may be on the way
April 4, 2024
  • Miner finds more redirected payments 
  • Costs and exploration spending drive 2023 cash profits down

Despite the record-high gold price, London’s largest gold miner has seen its shares slide 7 per cent year to date. Endeavour Mining (EDV) is missing the appreciation seen elsewhere in the market because of the ongoing saga involving former chief executive Sébastien de Montessus and payments made to third parties in 2020 and 2021.

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