GOLD
Endeavour Mining is stripping its former CEO Sébastien de Montessus of $29.1-million in renumeration after he was fired earlier this month for “serious misconduct".
The London-based gold miner said in a statement Thursday that de Montessus forfeits $17.6-million, which includes a $2-million annual bonus for last year and $15.6-million in unvested share awards. Endeavour Mining is also clawing back $10-million for a one-off award granted in 2021 and $1.5-million cash bonus for 2022, the company said.
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