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Endeavour Mining chief dismissed over allegations of ‘serious misconduct’

FTSE 100 gold miner head de Montessus says taking time to consider position after claims of irregular $5.9mn payment
A high-profile figure in the gold mining industry, former investment banker Sébastien de Montessus took the top job at Endeavour in 2016

Endeavour Mining, one of the world’s top gold producers, has fired boss Sébastien de Montessus for alleged “serious misconduct” after discovering an allegedly irregular multimillion-dollar payment instruction.

The FTSE 100 company said in a statement on Thursday that the dismissal of de Montessus as president and chief executive would take place “with immediate effect”. It also said it had received separate allegations regarding his personal conduct with colleagues.

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