During the last 12 months, Endeavour Mining has significantly increased its safety protocols against the threat of local armed groups in the Sahel, particularly in central and Eastern Burkina Faso. The disturbing spectre of terrorism in the region was raised in November 2019, when 40 people...
Endeavour Mining and Teranga Gold have agreed a merger deal worth US$1.86 billion that will create a global top 10 gold producer with plans to make a secondary listing on the London Stock Exchange. The TSX-listed miners had confirmed talks were taking place last week on...
Endeavour Mining is currently in ‘merger of equals’ discussions with fellow West Africa-focused miner Teranga Gold, a move that would create a dominant gold producer in the region. TSX-listed Endeavour responded to recent media speculation with an announcement today that confirmed talks were ongoing with Teranga,...
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...
ASX-listed Perseus Mining has entered into an acquisition agreement with Côte d’Ivoire-focused gold explorer Exore Resources, which will expand the former’s gold portfolio in West Africa. The deal values Exore at US$60 million and will grant Perseus with ownership of the Bagoe, Liberty and Tengrela projects...
TSXV-listed explorer African Gold Group remains on track to deliver a definitive feasibility study (DFS) for its Kobada Gold Project in Mali, despite making operational changes in light of the COVID-19 outbreak this year. The Canadian company said in an update yesterday that the pandemic had...
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...
West African miner Teranga Gold exceeded the top end of its 2019 gold production guidance to cap a year which saw the Toronto-based firm become a multi-asset gold producer in the region. Year-on-year gold production increased by 18% to 288,768 ounces in 2019, with the Wahgnion...
TSX-listed miner Teranga Gold has poured gold for the first time at its Wahgnion project in Burkina Faso. The mine is Teranga’s second gold operation in West Africa after the Sabodala mine in Senegal, and achieved first gold production two months ahead of schedule. This is...