La Mancha adds Endeavour mining to its strategic alliances to become a leading private gold investor

La Mancha, a Luxembourg-based gold producer, is pleased to announce that to solidify its footprint in Africa it has formed a long-term strategic partnership with Endeavour Mining and has entered into a binding agreement to contribute its 55% stake in the Ity mine along with US$63 million cash, in return for a 30% interest in the enlarged group. The transaction is subject to regulatory and shareholder approval. This transaction concludes La Mancha’s portfolio restructuring strategy initiated earlier this year with the strategic alliance with Evolution Mining (EVN:ASX) and the sale of its Sudanese mine, Hassai, as announced on April 20th.

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