Endeavour Mining Reached Settlement With Former CEO

Endeavour Mining Plc said its former chief executive officer paid the firm $1.35 million in a settlement, months after the gold miner fired him for alleged serious misconduct.

The London-listed company removed Sebastien de Montessus in January amid a probe into an “irregular” payment of $5.9 million made at the instruction of the then-CEO. Endeavour has since finished the investigation, saying in March it had also identified two previous transfers — totaling $15 million — to the same entity in the United Arab Emirates but was unable to determine the ultimate beneficiary.

A spokesperson for the former CEO declined to ...