Gold miners are increasingly looking towards new avenues of venture capital on the London and New York stock exchanges as they seek to take advantage of surging prices and demand for the safe haven investment. The COVID-19 pandemic has chiefly fuelled a 32% rise in the...
Canada’s Endeavour Mining yesterday announced the completion of its US$732 million acquisition of smaller group Semafo, becoming West Africa’s biggest gold producer in the process. The deal, first announced in March, brings together six operating mines in two locations – Burkina Faso and Côte d'Ivoire. Combined...
Endeavour Mining has announced it will acquire Canadian firm Semafo in a US$690.7 million deal that will create the biggest gold producing outfit in Burkina Faso. The combined group will produce one million ounces of gold a year, according to Endeavour’s chief executive Sebastien de...
Endeavour Mining announced yesterday that an employee at its Houndé mine in Burkina Faso tested positive for coronavirus on Saturday and was subsequently placed under quarantine. The employee experienced mild symptoms after arriving at the site from the UK, but didn’t show any symptoms on arrival...
Canada’s Endeavour Mining has dropped its plan to acquire Egypt-focused Centamin for US$1.9 billion as it did not get enough information on the latter’s assets during an assessment. Centamin’s sole operating asset is the Sukari Gold Mine, located in the Eastern Desert approximately 700 km from...
Egypt-focused gold miner Centamin improved gold output from its flagship Sukari mine by 51% in the final quarter of 2019, driven by better feed grades, metallurgical recoveries and a year-end plant drawdown of gold in-circuit. The London-listed firm produced 148,387 ounces of gold in Q4, contributing...
London-listed gold miner Centamin has rejected a US$1.9 billion all-stock takeover bid from Endeavour Mining, saying it did not offer enough value to the company’s shareholders. Endeavour, which owns four gold mines in West Africa, said its offer was a 13% premium on Centamin’s most recent...
Canadian firm Endeavour Mining (TSX:EDV) will extend the life of its Ity gold mine in Ivory Coast by 14 years, after greenlighting an initial sum of US$412 million for the construction work. The work will focus on the construction of a carbon-in-leach (CIL) plant at the...
Acacia Mining (LSE:ACA) has ended discussions with Canadian firm Endeavour Mining (TSE:EDV) regarding a US$3.7 billion merger deal. The news comes after Tanzania’s recent decision to impose a ban on gold and copper exports, which prompted both companies to postpone the merger talks. The merger was initially...