Inject, grow, repeat

In the second transaction this year, Naguib Sawiris’s gold vehicle, La Mancha has injected certain regional assets into a listed gold vehicle.

The Ity heap leach operation in Ivory Coast produced 45,000oz at AISC of $696/oz in the first half of 2015

23 September 2015
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The latest transaction involves placing the Egyptian billionaire’s Ivory Coast interests and cash into West Africa focused, Endeavour Mining for a 30% interest in that company.

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