TSX:EDVMetals and Mining
Should Alleged Governance Failures and Lawsuit at Endeavour Mining (TSX:EDV) Require Investor Action?
In the past week, Endeavour Mining cancelled 6,000 repurchased shares as part of its ongoing buyback programme, reducing the number of shares in issue to 241,547,168. At the same time, shareholders filed a class action lawsuit alleging the company concealed a US$5.9 million irregular payment related to the sale of its Agbaou gold mine, leading to the CEO's termination over governance concerns.
This sequence of events raises serious questions about the effectiveness of Endeavour Mining's...