[miningmx.com] – ENDEAVOUR Mining Corp., a Canadian-listed mid-cap gold producer, said it had bought 2.5 million shares in Legend Gold Corp. at 30 Canadian cents per share taking its stake in the firm 4,78% higher to 18.75%, the company said in a regulatory filing.
Legend Gold is engaged in the acquisition, exploration, and development of mineral properties in the Republic of Mali and the Republic of the Congo.
Endeavour produces about 500,000 ounces a year of gold from four properties in the West African countries of Mali, Ghana, Burkina Faso, and Cote d’Ivoire. A feasibility study for its Hounde Project in Burkina Faso showed potential for 180,000 oz/year of gold over eight years.
