Endeavour confirms Teranga discussions

2020-11-16T07:57:59+00:00 November 16th, 2020|Bulletin|

Following rumours of a possible merger, Endeavour Mining confirmed that the company has been in discussions with Teranga Gold about a possible transaction. Endeavour stated that it will only pursue a merger if the transaction benefits the company’s shareholders.

Endeavour Mining’s Ity fold mine in Côte d’Ivoire. Image credit: Endeavour

Endeavour Mining’s Ity fold mine in Côte d’Ivoire. Image credit: Endeavour

Endeavour Mining is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea. Teranga owns the Sabodala Complex in Senegal, the Wahgnion Gold Mine in Burkina Faso, the Golden Hill Project, also in Burkina Faso and the Mimivest and Afema Joint Ventures in Côte d’Ivoire.