De Montessus was fired in January following allegations of serious misconduct
Endeavour Mining's former chief executive, Sébastien de Montessus, paid US$1.35 million to the company in July following a settlement agreement.The payment is in addition to the $26.4 million already forfeited and clawed back, the company said in its quarterly filings. In January, Endeavour fired De Montessus for alleged serious misconduct, saying that it found irregular payments of $5.9 million linked to the sale of the Agbaou mine in Côte d'Ivoire in 2021.
According to the gold miner, De Montessus instructed Allied Gold to pay the amount to a third-party offshore entity in the United Arab Emirates rather than a member of the group. In March, the company finished the full investigation and said it found further hidden payments of $15 million in addition to the original $5.9 million.
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