Endeavour Accused of Misleading Buyer of African Gold Mines (1)

Endeavour Mining Plc has been accused by Lilium Mining of misrepresentation over the sale of two African gold mines, as the fallout from the tenure of ousted Chief Executive Officer Sebastien de Montessus continues.

Lilium made the allegations after purchasing the Wahgnion and Boungou projects in Burkina Faso last June. It’s part of a counterclaim that alleges “misrepresentation and concealment of information relevant to the financial position and operating capabilities” of those mines, according to a statement from Lilium on Monday.

That follows a case filed in March by Endeavour before the London Court of International Arbitration. The London-listed mining ...