Endeavour Mining Corporation (TSX:EDV) reported that its Côte d’Ivoire subsidiary has been granted the mining permit for its 85%-owned Agbaou Gold project. Construction is underway and production is slated for the beginning of 2014.
As quoted in the report:
The terms of the Mining Permit are as expected and include:
- A royalty of 3% to the State;
- A 10% free carried interest to the State; and
- An area of 334 km2.