Articles for tag: 15m, CEO, disguised, Endeavours, finds, payments, Probe

March 28, 2024

Ron Finklestien

mining

Exploration of Endeavour’s Former CEO Reveals $15m of Concealed Payments Exploration of Endeavour’s Former CEO Reveals $15m of Concealed Payments

Endeavour recently made public that its former CEO, a French executive, directed undisclosed payments totaling $15 million without board notification. The company stated that these payments were camouflaged as an advance to a contractor. Supported by Egyptian billionaire Naguib Sawiris, Endeavour clarified that de Montessus’ actions led to the company issuing two payments summing up to $15 million to the same entity that previously received $5.9 million. Despite investigations conducted by the miner, no details about the ultimate recipients of these irregular payments have surfaced. “Implausible and Untrue” Claims De Montessus, asserting innocence, admitted to a “lapse in judgment” at

January 23, 2024

Ron Finklestien

mining

Probe Gold Strikes Copper at La Peltrie

Exploration Success Probe recently announced that their 2023 exploration program at La Peltrie, located 25 km southeast of Agnico Eagle’s Detour Lake gold mine, proved to be a resounding success. The project yielded promising results, revealing a large, copper-rich base metal system and higher-grade zones that can potentially amplify the project’s value. David Palmer, the CEO of Probe, emphasized the significance of the 2023 exploration program, stating, “The results were also useful in adding to our geological understanding of the area and identifying new high-priority areas proximal to the discovery zone.” Furthermore, Palmer expressed enthusiasm for the upcoming 2024 drilling